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Banking and Finance

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Event Oct. 1: Kegs & Corks to benefit financial services scholarships

The Iowa Insurance & Financial Services Education Foundation is sponsoring its inaugural Kegs & Corks event Oct. 1 on the rooftop of the Des Moines Social Club. The 4:30 to 6:30 p.m., event provides an …

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Drake student becomes youngest ever to get actuarial credentials

Roy Ju, a 20-year-old junior at Drake University, has become the youngest person ever to receive the Society of Actuaries’ top professional credential, The Des Moines Register reports. Ju, who has worked as an assistant actuarial intern …

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Event Sept. 13: Cyclists sought for Foster 50 Ride

Foster Group, a fee-only wealth management firm in West Des Moines, is looking for cyclists to participate in the Foster 50 Ride on Sunday, Sept. 13. Registration starts at 9 a.m. and the ride begins …

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Loan growth fuels profitability of Iowa banks

Iowa banks are outpacing their national counterparts in loan growth, according to reports today from the Iowa Bankers Association and the Federal Deposit Insurance Corp.


In Iowa, banks issued more than $50.8 billion in loans…
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Principal completes acquisition of AXA’s Hong Kong pension business

The Principal Financial Group Inc. today announced it has completed the acquisition of AXA’s pension business in Hong Kong. Principal in November 2014 said it had a definitive agreement to acquire AXA’s Mandatory Provident Fund …

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Event Sept. 17: Financial author to speak at Simpson College

Financial analyst James Grant, the publisher of Grant’s Interest Rate Observer, will discuss his new book, “The Forgotten Depression,” on Sept. 17 at Simpson College in Indianola. In his book, subtitled “1921: The Crash that …

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Iowa affordable housing conference scheduled for September

The Iowa Finance Authority will host housing professionals from throughout the state Sept. 9-10 at the Coralville Marriott for the HousingIowa Conference, which will showcase the benefits affordable housing has on communities. The event is …

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Report: 17% of student loans ‘severely delinquent’

Nearly 7 million Americans have gone at least a year without making a payment on their federal student loans, a high level of default that suggests a widening swath of households are unable or unwilling…
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Finance specialist named to InvestmentNews 40 Under 40 class

Kellie Masters, 32, operations specialist for Wealth Advisors of Iowa, an affiliate of McGowen, Hurst, Clark & Smith, was named to the the 2015 40 Under 40 Class of the financial publication InvestmentNews. Winners were…
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Rate hike a ‘live’ option

The minutes of last month’s meeting of Federal Reserve officials suggest that interest rates could go up in September after being held between zero and 0.25 percent since December 2008, MarketWatch reported.


The minutes of the…