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Banking and Finance

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Report: Millennial women feel less in control of their finances than men

Millennial women lag behind millennial men on a couple of key money metrics, like the amount they have in emergency savings and the feeling that they’re financially adequate, according to a new report from MetLife, CNBC …
By BPC Staff | Apr 18, 2019
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Iowa small businesses were profit engines last year

Revenues and employment were up last year at the nation’s small businesses, but profits were flat, according to surveys by the 12 Federal Reserve Banks. 

Small businesses were defined as those with between one and …
By BUSINESS RECORD STAFF | Apr 16, 2019
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FBL Financial Group chief operating officer to retire

FBL Financial Group Inc. announced that Ray Wasilewski, chief operating officer for life companies, will retire around year-end 2019. He has been employed by the Farm Bureau Financial Services organization for 22 years. Before beginning …
By BPC Staff | Apr 16, 2019
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Finance Authority offers downpayment program

The Iowa Finance Authority has unveiled a new mortgage program for first-time and repeat homebuyers that provides a down payment wrapped in a 0% loan for up to 5% of the sale price or $5,000, …
By BUSINESS RECORD STAFF | Apr 16, 2019
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Bank Iowa tops list of healthiest U.S. companies

Bank Iowa sits atop a list of the healthiest companies in America, as determined by Interactive Health. The designation is based on the overall health of a company’s team members, as well as a high …
By BPC Staff | Apr 11, 2019
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Principal CEO: No ‘speed bumps’ anticipated in Wells Fargo deal

Principal Financial Group’s CEO says he doesn’t anticipate any regulatory issues that would prevent the proposed $1.2 billion acquisition of Wells Fargo’s retirement businesses from being approved. 

In an agreement announced this morning, Principal plans …
By JOE GARDYASZ | Apr 9, 2019
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Wells Fargo CEO Tim Sloan steps down suddenly

CNN Business: Wells Fargo CEO Tim Sloan is stepping down effective immediately as the bank struggles to overcome a litany of scandals. Sloan, a three-decade veteran of Wells Fargo, said it was his decision to relinquish …
By BPC Staff | Mar 29, 2019
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CFO Systems adds search and staffing subsidiary

Omaha-based CFO Systems, a national financial and human resources leadership firm with operations in Des Moines, announced it has launched a subsidiary company, CFO Systems Search & Staffing. The new search and staffing company is led …
By BPC Staff | Mar 27, 2019
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LMC Financial Services rebrands as LMC Financial Advisors

LMC Financial Services announced that the company has changed its name to LMC Financial Advisors. The rebranding comes after its parent company, West Des Moines-based LMC Insurance and Risk Management, acquired ISG Financial Advisors in Madison, Wis., …
By BPC Staff | Mar 26, 2019
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Alternative lenders pose threat to bank HELOC market: Survey

Record levels of credit card debt, rising interest rates and a proliferation of alternative lenders are making personal loans the fastest-growing category of consumer debt products.

According to the J.D. Power 2019 Personal Loan Satisfaction Study released …
By BUSINESS RECORD STAFF | Mar 25, 2019