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Banking and Finance

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Principal reports lower year-over-year net income in first quarter

Principal Financial Group on Thursday announced earnings results for the first quarter. Net income attributable to Principal in the quarter that ended March 31 was $376.2 million, or $1.43 per share, compared to $517.1 million, …

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BKD and DHG announce new name for combined firm

Two leading U.S. accounting firms, BKD and DHG, on Wednesday announced that the name of their combined professional services firm will be FORVIS. The two firms agreed to a merger of equals in February, with …

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Top Des Moines private employer Wells Fargo cuts jobs as mortgage business sputters

Des Moines Register: Wells Fargo & Co. confirms it has laid off home-lending division employees after its mortgage business declined amid rising interest rates. Bank spokesperson Lylah Holmes told the Des Moines Register in an email …

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Wells Fargo celebrates completion of solar array in West Des Moines

Wells Fargo recently celebrated the completion of a solar energy project at its Jordan Creek campus in West Des Moines. The company touts the project as the largest behind-the-meter solar project in Iowa. It will …

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Wells Fargo launches Small Business Resource Navigator portal

Wells Fargo on Tuesday announced the launch of an online portal designed to help small business owners connect to potential financing options and technical assistance through Community Development Financial Institutions across the country. The Small Business …

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Principal to examine global financial inclusion trends with new index

Principal Financial Group today announced it will launch the Global Financial Inclusion Index in collaboration with the London-based Centre for Economics and Business Research, a global consultancy group.

The inaugural index and its analysis will …

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VizyPay’s focus on retailers in small and midsized towns brings rapid growth

Whenever a consumer swipes, inserts or taps their credit card to make a payment, there’s a lot of behind-the-scenes technology and expertise that goes into making that complex process quick and seamless. 

VizyPay, a Waukee-based …

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AM Best affirms A ratings, stable outlooks for American Enterprise Group companies

Des Moines-based American Enterprise Group Inc. announced that AM Best has affirmed the Financial Strength Ratings of A (excellent) and the stable outlooks of its six insurance company subsidiaries that operate under the American Republic, …

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News publisher Lee faces renewed pressure from hedge funds

Associated Press: Newspaper publisher Lee Enterprises is facing renewed pressure from a hedge fund to speed up its transition to digital publishing and consider adding new digital-savvy leaders to its board after successfully fighting off a …

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West Bank ranked among top 10% of exchange-traded community banks

West Bank was recently ranked as the No. 12 top-performing Community Bank in America by Raymond James for 2021. The West Des Moines-based bank has been recognized on the list in eight of the last …