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Insurance

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Bank of America clears the air with federal underwriters

Bank of America Corp., the biggest U.S. bank by assets, resolved disputes with Freddie Mac and Fannie Mae by agreeing to pay more than $2.6 billion to settle claims that it sold loans based on …

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Bankruptcy filings dip


Bankruptcy filings in the Southern District of Iowa – which consists of 47 counties located in roughly the southern half of the state – are running at a slower pace than in 2009.

As of …

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IRA Charitable Rollover extended through 2011


Iowans seeking a way to give more to their favorite charities and less to Uncle Sam have another method available to them in 2011. The federal legislation signed by President Barack Obama to extend the …

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Investment pros receive charters

The CFA Society of Iowa, an organization made up of financial analysts and investment consultants, honored four new charterholders at a ceremony held recently in Des Moines. Chartered financial analyst (CFA) is a professional designation …

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Fairholme beats Boeing as a long-term investment


Dear Mr. Berko:

I bought 300 shares of Boeing near the bottom of the market in 2009 at $31. I’m undecided between keeping the stock as a long-term investment or selling it and investing the …

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Iowa banks improve


Iowa’s state-chartered banks showed additional signs of financial vitality in the quarter that ended Sept. 30, with 75 percent of the 313 financial institutions posting a gain in earnings, compared with 38 percent in the …

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Will CLASS Act avert elder care insurance crisis?


Many Baby Boomers don’t have to look far to see how long-term care costs can decimate a lifetime of retirement savings.

In some cases, their parents have had to deplete their nest eggs to pay …

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Public-private partnership helps seniors shield retirement assets


A year ago, the state of Iowa launched an initiative aimed at enabling residents to plan for their long-term care in a way that doesn’t require them to deplete all of their assets to become …

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Tax-exempt bonds down, yields up

Tax-exempt municipal bonds are heading to their worst quarterly performance in more than 16 years according to the Bank of America Merrill Lynch Municipal Master index.

The index, which accounts for price changes and interest …

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Jobless claims at lowest levels since July 2008

Applications for unemployment benefits fell to the lowest level since July 2008 for the week ended Dec. 25.

Applications decreased by 34,000 to 388,000 for the week, according to figures from the U.S. Department of …