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Banking and Finance

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Fed pulls trigger on rate hike; ‘gradual’ is key word

The Federal Reserve today raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be “gradual” and in line with…
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Coralville TIF districts contribute to lower debt rating

Moody’s Investors Service Inc. has dropped its rating of the city of Coralville’s $93.5 million of general obligation unlimited tax debt to Baa3 from Baa2 and changed the rating on the city’s $146.6 million of …

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Regulator to big banks: Rescue yourselves next time

The largest U.S. banks will soon have to take the additional step of showing regulators how they can keep from failing in the first place, Bloomberg Business reported. The Office of the Comptroller of the Currency, which …

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National mortgage performance improved through the third quarter

The health of mortgages improved through the third quarter compared with a year ago, the Office of the Comptroller of the Currency, a federal banking regulator, said in a release. At the end of the …

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Guest Opinion: Time to change Dodd-Frank

Like residents of many states, Iowans have worked diligently to make up for lost ground since the 2008 recession. In times of recovery, the banking industry plays a pivotal role in growing our economy. Businesses,…
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A new stage in innovation

Iowa State University Research Park started in 1987 on the edge of town, not far from Iowa State University but next to cornfields and the Ames airport. 

The 220-acre park — home to companies that …

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Middle class is larger but holds less than 50 percent of the wealth

More American households make up the middle class than 40 years ago, yet they comprise a smaller share of overall wealth, according to an analysis of government data by Pew Research Center, MarketWatch reported.


In early…
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Don’t blow the budget on food; try giving instead

While holiday spending continues to be anxiety-inducing for some, many American workers are trying to beat the holiday blues by giving back and planning ahead.


Nearly two-thirds say holiday spending puts some level of stress…
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Food a popular digital wallet purchase for Black Friday shoppers

Consumers are increasingly pulling out their digital wallets to make payments during the Black Friday through Cyber Monday shopping frenzy, according to an analysis by payments processor The Members Group. The analysis of more than …

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USDA names Cedar Rapids Bank & Trust as business lender of year

The U.S. Department of Agriculture named Cedar Rapids Bank & Trust as Business Lender of the Year. Cedar Rapids Bank & Trust used $38 million from the USDA’s loan program to assist seven businesses in …

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