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Banking and Finance

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Dec. 11: CFA Society Iowa Luncheon

Host: CFA Society Iowa
About: Julie Kenney, deputy secretary at the Iowa Department of Agriculture and Land Stewardship, will give an update on issues facing Iowa’s agriculture industry. She will also highlight how the Iowa …

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Wells Fargo to cut 400 positions in Greater Des Moines

Wells Fargo Home Lending will eliminate 400 positions next year in Greater Des Moines as part of a national effort to streamline operations that targets a total of 1,000 jobs, according to a release.
In…
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Veridian awards $86,000 to Iowa, Nebraska nonprofits

Veridian Credit Union has awarded 22 organizations across Iowa and eastern Nebraska a total of $86,000 for its 2018 grant funding cycle. Recipients include organizations who address barriers to financial stability by helping individuals improve financial literacy or …

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Economist: Recession not imminent, but growth will slow in 2019

If you were to bet that the U.S. economy would dip into a recession within the next couple of years, your odds might be better than winning the Mega Millions jackpot — but you’d still …

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Net income down at Federal Home Loan Bank of Des Moines

The Federal Home Loan Bank of Des Moines reported net income of $113 million for the quarter ended Sept. 30, down from $132 million a year ago, and $360 million for the nine-month period that …

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West Bancorporation reports a record third quarter

West Bancorporation Inc. of West Des Moines reported third-quarter net income of $7.1 million, or 43 cents per share, compared with profits in the year-ago period of $6.4 million, or 39 cents per share. For …

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Q&A with DigitalMint’s founder about Iowa tellers and other plans

Cryptocurrency’s domain starts and ends with online transactions — but Chicago-based DigitalMint is bringing bitcoin to the real world with the launch of 17 bitcoin teller windows across Iowa, joining more than 200 other teller and ATM …

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SBA backs 405 loans for $169.6 million in FY18

The U.S. Small Business Administration guaranteed 405 private loans for a combined $169.6 million in fiscal year 2018, which ended Sept. 30.

That was slightly fewer than the 455 loans backed for a combined $155 …

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Polk County will provide free financial counseling for residents

Polk County and the national Cities for Financial Empowerment Fund will receive funding and technical support for financial literacy programming for county residents, according to a release. Polk County is among 18 local governments across …

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Bankers Trust names new Cedar Rapids market president

Bankers Trust Co. has named Todd Wishman, a veteran of the company’s commercial banking team, as its new president for the Cedar Rapids market, the Corridor Business Journal reported. Wishman has been part of the Des Moines-based …