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Insurance

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Ex-CEO of Peregrine Financial to be sentenced

The former executive of Peregrine Financial Group, who pleaded guilty to embezzling more than $100 million from his customers, will be sentenced on Jan. 31, Reuters reported.

Russell Wasendorf Sr., 64, faces a potential of …

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Gulling wins CFO of the Year award

Douglas Gulling, executive vice president and chief financial officer for West Bancorporation, has been selected by the Business Record as the 2013 winner of the Deloitte CFO of the Year award. The award went to …

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Foster Group announces leadership changes

Foster Group Inc., a fee-only investment advisory firm based in West Des Moines, announced that its founder and CEO, Jerry Foster, has assumed a new role as chairman and that its longtime president, Mark Stadtlander, …

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Wells Fargo earnings up 24 percent

Wells Fargo reported $5.1 billion in profit for the fourth quarter. Mortgage refinancings driven by low interest rates helped drive the 24 percent earnings increase,The New York Times reported. Wells Fargo reported $21.95 billion in revenue …

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BERKO: Income guarantee? Not really

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Chicago Fed president to speak in Des Moines

The CFA Society of Iowa will feature Charles Evans, president of the Federal Reserve Bank of Chicago, during its annual Investment Strategy Dinner on Feb. 28.

The event will be held at the Wakonda Club, …

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Athene completes acquisition of Presidential Life

Athene Holding Ltd., the Bermuda-based private equity firm that’s buying West Des Moines-based Aviva USA, announced Wednesday that it has completed its previously announced acquisition of New York-based Presidential Life Corp., LifeHealthPro reported.

The acquisition …

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BERKO: Where the market’s going

Dear Mr. Berko:

I am convinced the Standard & Poor’s 500 is headed to 1,600 or higher this year. I’ve done detailed calculations (enclosed) concluding the S&P 500 will earn $107.42 and trade at 15.1 …

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2013 Year in Preview: Finance & Insurance

2013 has good potential for more acquisitions

The acquisition of Aviva USA by a new corporate owner could prove a positive development for Greater Des Moines, said Steve Zumbach, a partner with the Belin law …

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BERKO: Ignorance is bliss for scammers

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