Insurance

Credit cards that give cash back prompt consumers to spend more and accrue more debt, according to researchers at the Federal Reserve Bank of Chicago. The initiation of a 1 percent cash rewards program yielded, …

Raleigh, N.C.-based Captrust Financial Advisors announced yesterday that it will open an office in Des Moines through a partnership with Holmes Murphy and Associates Inc.

Captrust, an independent retirement plan advisory firm, will acquire a …

Banks may be forced to tie risk-taking and lending practices to executive pay if new rules are adopted by international regulators, TheStreet.com reported.

The rules, proposed today by the Basel Committee on Banking Supervision, could …

H&R Block Inc. said HSBC Holdings plc will not provide funding for the tax preparer’s refund-anticipation loans, or RALs, after U.S. regulators ordered the lender to terminate the contract, Reuters reported. Instead, H&R Block will …

U.S. banks could lose billions of dollars in revenues as a result of new debit-card restrictions proposed Thursday by the Federal Reserve, The Wall Street Journal reported.

The restrictions, most of which won’t be finalized …

Wells Fargo & Co has passed JPMorgan Chase & Co. to become the largest U.S. bank by stock market value, Bloomberg reported. At the close of New York trading on Thursday, San Francisco-based Wells Fargo’s …

M. J. Kelly Co., a specialty lines insurance brokerage based in Springfield, Mo., announced that it will expand its Iowa operations. The acquisition of a book of business from RDS Group, as well as the …

The U.S. Small Business Administration (SBA) yesterday announced two new loan initiatives – the Small Loan Advantage and Community Advantage.

The loans are aimed at increasing the number of lower-dollar SBA 7(a) loans going to …

The board of directors of the Federal Deposit Insurance Corp. (FDIC) on Tuesday voted on a final rule to set the insurance fund’s designated reserve ratio (DRR) at 2 percent of estimated insured deposits.

The …