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Banking and Finance

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Iowa Finance Authority suspends credit card use amid financial reviews

KCCI-TV/Associated Press: The Iowa agency that promotes affordable housing has suspended the use of credit cards that were issued to employees outside the state’s normal program. The move by the Iowa Finance Authority comes as the …

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University Research: CEOs who wear rose-colored glasses

OVERVIEW
Overconfidence may be detrimental in some situations, but for an insurance company CEO, it could very well be a desirable trait for the company and its shareholders, says a University of Iowa researcher. 

Chief …

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Principal board approves $300 million in stock repurchases

Principal Financial Group on Monday announced that its board of directors has approved a new authorization for the repurchase of up to $300 million of the company’s outstanding common stock. As of March 31, approximately …

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Jury to retire from CEO role at Iowa Credit Union League

The Iowa Credit Union League today announced that its chief executive officer, Pat Jury, will transition to a consulting role with ICUL and its holding company, effective June 29. Jury has been president and CEO …

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Wells Fargo exec joins Principal as chief human resources officer

Principal Financial Group announced that Jon Couture will become the company’s next chief human resources officer, effective June 4. He succeeds Beth Raymond, senior vice president and chief human resources officer, who resigned as of March 31 …

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Principal partners with ARAG to broaden legal document resources

Principal Financial Group announced that it has partnered with legal insurance provider ARAG to make legal document resources available to its retirement plan participants. The resource had previously only been available to Principal group life insurance customers …

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Wellmark, Principal get high rankings on Forbes’ America’s Best Employers list

Des Moines-based Wellmark Blue Cross and Blue Shield and Principal Financial Group are among the best employers to work for in the country, according to an annual ranking by Forbes. Wellmark was ranked No. 3 …

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American Enterprise Group earns straight A- ratings from A.M. Best

American Enterprise Group Inc. announced that A.M. Best Co. Inc. has affirmed the Financial Strength Rating of A- (excellent) of five of the Des Moines-based company’s insurance subsidiaries, and has upgraded its FSR rating for …

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Protests, anger brew at Wells Fargo annual meeting in D.M.

Amid the hundreds of business meetings held around Greater Des Moines today, the Wells Fargo annual shareholders meeting likely received the most attention. 

At the start, Wells Fargo CEO Tim Sloan and board of directors …

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First National Bank will acquire Osceola State Bank

Ames-based First National Bank has entered into a stock purchase and subsequent merger agreement to acquire Clarke County State Bank in Osceola. The agreement provides for the purchase of 100 percent of the outstanding stock …