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Citigroup Inc. posted second-quarter earnings of $2.2 billion today, marking its third straight quarterly profit and beating Wall Street expectations, as the bank continued to trim its loan loss reserves thanks to improving credit trends, …
Debbie Bianucci has been appointed chair of the National Foundation for Credit Counseling advisory council. Bianucci, who holds degrees from Drake University, is president and CEO of BAI (Bank Administration Institute), a professional organization that …
Dear Mr. Berko:
I am a very conservative investor with $19,000 to invest, but this market volatility makes me uncomfortable. Could you please explain the concept of beta to me and how it works? And …
A.M. Best Co. has upgraded the financial strength rating of Farm Bureau Life Insurance Co., a subsidiary of FBL Financial Group Inc., to A- (excellent) from B++ (good). A.M. Best also affirmed the “good” financial …
Barrie Christman, chair of Principal Bank, will be a featured speaker at the American Bankers Association annual convention on Oct. 17-20 in Boston.
She will be one of three bank executives participating in a panel …
JPMorgan Chase & Co., the second-biggest U.S. bank, said its profits rose 23 percent, more than analysts estimated, as provisions for losses on mortgages, credit cards and other consumer loans fell $5.8 billion, Bloomberg reported.…
Cara Heiden, co-president of West Des Moines-based Wells Fargo Home Mortgage, will be the fall 2010 speaker for the Robert Stafford Lecture Series on Banking at Iowa State University’s College of Business. The free lecture, …
Half of financial professionals on Wall Street expect to get a larger bonus this year, and some of those expect a much bigger payout, according to an annual survey by financial job board eFinancialCareers.com, Reuters …
A lawsuit triggered by the hostile takeover attempt of Casey’s General Stores Inc. was dismissed last week in U.S. District Court in Des Moines. Casey’s had alleged that Alimentation Couche-Tard Inc. of Canada violated federal …
EMC Insurance Group Inc. will release its 2010 third-quarter and year-to-date earnings information before the opening of regular market hours on Nov. 8. The information also will be available on the company’s website, www.emcins.com, the …
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