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Banking and Finance

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Understanding the Greek debt crisis at home and abroad

If it were left up to Socrates, Greece would have chugged the hemlock by now and had it over with. However, the economic decisions facing the Greek people and their government might perplex even today’s …

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CFO Systems merges with NexGen CFO

CFO Systems LLC, an Omaha-based provider of chief financial officer outsourcing, and NexGen CFO in Des Moines announced recently they are combining forces. NexGen CFO founder Pam Clearwater will step in to lead the Des …

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Meta Payment Systems enters agreement with PayQuicker

MetaBank’s payment solutions division, Meta Payment Systems, recently entered into an agreement with PayQuicker LLC, an East Rochester, N.Y.-based company that offers payment platforms for corporations, according to a release. PayQuicker provides a way for …

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MetaBank will acquire company that provides tax refund transfer software

MetaBank plans to acquire Fort Knox Financial Services Corp. and its subsidiary, Tax Product Services LLC, in a $50 million deal that could close this quarter, according to a release. About half of the acquisition …

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Bankers Trust reports earnings up 16% year-to-date

Bankers Trust Co. said today that second-quarter earnings were $9.4 million, a 10 percent increase over the same period last year.

 

For the first six months of the year, Bankers Trust had earnings of …

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Wells Fargo profit drops; fundamentals strong

Wells Fargo & Co., the largest U.S. mortgage lender, reported a second consecutive decrease in its quarterly profit today as expenses rose and it set aside more money to cover bad loans, Reuters reported.

 

Net …

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Brooks Lodden hosting annual nonprofit industry seminar

Brooks Lodden P.C. will host its ninth annual Not-For-Profit Industry Update Friday at 8:30 a.m. at the Stoney Creek Inn in Johnston. Coined as a “must attend” for CEOs, chief financial officers, and accounting and …

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Miller releases details of Chase settlement

Iowa’s share of a multistate restitution by Chase Bank USA and Chase BankCard Services Inc. will be nearly  $1.5 million, which includes $1 million in attorney’s fees to Iowa as the lead state attorney general’s …

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A little more income for the 99 percent

The 99 percent who aren’t counted among the nation’s top income bracket finally experienced some income growth last year, according to analysis conducted by a professor at the University of California in Berkeley,CNNMoney reported.

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European markets roiled by Greece turmoil

Europe’s financial markets were jolted Monday by the collapse of talks and imposition of capital controls in Greece, although initial heavy selling eased as investors judged there was still some time until the saga plays …

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