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Banking and Finance

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Uneven arithmetic of wealth: 62 = 3.6 billion

The wealth divide between the world’s richest and poorest is turning into a Grand Canyon, judging by a report today from Oxfam, MarketWatch reported.


Last year, just 62 individuals held wealth equivalent to the amount owned…
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U.S. Bancorp posted profit gain in 2015

U.S. Bancorp reported net income of nearly $1.48 billion for the fourth quarter of 2015, or 80 cents per share, compared with almost $1.49 billion, or 79 cents per share, in the fourth quarter of…
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A flat fourth quarter for Wells Fargo

Wells Fargo & Co.’s profit was flat in the fourth quarter and its revenue rose only slightly as the bank grappled with the strains on loans in the oil and gas industry, The New York Times …

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Public Companies: U.S. Bank

Headquarters: Minneapolis
Website: www.usbank.com
Ticker symbol: USB
Employees: 67,000 

As the regional president of the nation’s fifth-largest bank, Mike Helak has spent the past 18 years bringing a hometown touch to the operations of U.S. …

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Chicago Fed president sees 2.25 percent GDP growth

Federal Reserve Bank of Chicago President Charlie Evans predicted more slow economic growth during the Corridor Business Journal’s 2016 Economic Forecast Luncheon Tuesday, adding that he’s being more conservative this year because his recent years’ predictions have …

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A new ‘S.O.B.’

In early summer, Ronald Hansen took a phone call from John Sorensen, head of the Iowa Bankers Association.

“We need to talk about this S.O.B. position,” Sorensen said. Neither man is known for profanity, not …

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Bankers Trust reports record earnings for 2015

Bankers Trust Co. earned $37 million in 2015, a 12.4 percent increase from the previous year, according to a release. With assets of almost $4 billion, the Des Moines-based bank ranks among the top 250 …

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Veridian seeking board members

Veridian Credit Union has announced a call for candidates to serve on its board of directors. Eligible candidates are members in good standing and at least 18 years of age. Applications are due by 5 …

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Principal’s foundation awards $50,000 grant for library computers

The Principal Financial Group Foundation has awarded a $50,000 grant to the Des Moines Public Library Foundation for the Technology Fund Campaign. The grant will help with the purchase of new computers for the nearly …

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Bankers Trust names former CDS Global chief as leader of newly created IT position

Debra Janssen, most recently president and CEO of CDS Global Inc., has been named chief operations officer at Bankers Trust Co. She will start work Jan. 11, according to a release.


Janssen will join the…