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Banking and Finance

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Financial literacy bee for high school students kicks off April 1

The Iowa Insurance Division is sponsoring the EVERFI Financial Literacy Bee that will take place April 1-15. The nationwide financial literacy challenge for high school students provides an opportunity to learn the importance of saving and budgeting …

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West Bank ranks No. 10 on S&P Global list of top-performing large community banks

West Bank has been recognized by S&P Global on its annual list of the 50 top-performing large community banks. The West Des Moines-based bank, which was ranked No. 10 among banks in the $3 billion to $10 …

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Toyota Financial Services to close C.R. customer service center that employs 600

Cedar Rapids Gazette: Toyota Financial Services will close its Cedar Rapids customer service center that employs 600 people within the next two years, a spokesman said. Toyota will consolidate its customer service centers from six to …

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Chubb makes unsolicited bid for Hartford Financial

Hartford Financial announced it received an unsolicited, nonbinding proposal to be acquired by Chubb Ltd., AM Best reported. In a statement, Hartford said its board of directors is carefully considering the proposal with the assistance of its …

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Iowa Bankers Association names Student Athlete Achievement Award winners

Four Iowa high school seniors received a 2021 Iowa Bankers Association Student Athlete Achievement Award during the Iowa high school boys’ state basketball tournament last week in Des Moines. One student from each class received …

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CPA group says IRS filing and payment extension doesn’t go far enough

The one-month extension of the federal income tax filing and payment deadline for some taxpayers does not go far enough to help small business owners who most need the relief, says the American Institute of …

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Lincoln Savings Bank tops list of most active IFA lenders in Iowa

Lincoln Savings Bank was the top mortgage lender in the state through Iowa Finance Authority loan programs, according to the 2020 IFA Top Lender list released by the agency. The awards were given to the lending institutions …

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Labor Department holds off on enforcement of ESG rules for 401(k) plans

The U.S. Department of Labor said Wednesday it won’t be enforcing a Trump-era rule that makes it tougher for 401(k) plans to invest in socially minded funds, the Wall Street Journal reported. The agency is reviewing a …

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Labor Department holds off on enforcement of ESG rules for 401(k) plans

The U.S. Department of Labor said Wednesday it won’t be enforcing a Trump-era rule that makes it tougher for 401(k) plans to invest in socially minded funds, the Wall Street Journal reported. The agency is reviewing a …

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Iowans urged to wait to file taxes as unemployment rules shift

Des Moines Register: With Congress passing a COVID-19 relief package Wednesday that includes tax forgiveness for unemployment benefits — and with the Iowa Legislature debating a similar proposal — Iowa accountants are telling clients to pause …

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