Banking & Financial Services

KC Corporations See Potential in Minority Entrepreneurs

Today is graduation day for 30 Kansas City-area participants in a program called Strategy and Business Development for Minority Business Entrepreneurs—a 2½ -day intensive education program for executives, brought to Kansas City by the Ivy League staff of Dartmouth College's  Tuck School… more

Survey Cites the Effect of Cash Flow on Business Growth

It may sound obvious but apparently, businesses around the world would be in better shape if everybody paid their bills on time. According to Colin Sharp, senior vice president at a company called C2FO, “There is a significant opportunity for… more

Federal Reserve “Beige Book” Reports on the Kansas City District

According to the Federal Reserve Bank, activity in the Fed’s Tenth District—Kansas City— was largely flat in recent months, though expectations remained mostly positive. That assessment is from the Federal Reserve’s Beige Book, a report produced eight times a year… more

The Bust in the Boom

In December 2008—the same year that the oldest members of the Baby Boom generation became eligible to file for early Social Security retirement benefits—the board of governors for the Federal Reserve Bank responded to that autumn’s financial crisis by dropping… more

Tax cuts hurt Moody’s rating of Kansas bonds

Moody's Investors Service says Kansas’ financial outlook is negative as a result of revenue shortfalls caused by the 2012 tax cuts championed by Gov. Sam Brownback. The rating service this week assigned a Aa3 rating to $49 million worth of… more

KC Life Profit Nearly Halved in Second Quarter

Kansas City Life Insurance Co. recorded net income of $5.2 million, or 54 cents per share, in the second quarter of 2016, a decrease of $5.7 million, or $0.47 per share, relative to the same quarter in the prior year. … more

KC Life names new auditor

Kansas City Life Insurance Company has announced that it has engaged BKD, LLP as its independent auditor for 2016. BKD will replace the Company's previous independent auditors, KPMG LLP.The selection of BKD as the company's new independent auditors was made… more

Lockton’s London team honored

 LONDON -- Lockton's Asset Management team in London has been named "Best Insurance Broker" for the second consecutive year. The team was honored by HFM Week, a global hedge fund publication, with the top award at the 2016 European Hedge Fund… more

New tool set to finance energy-efficient upgrades

Homeowners in Jackson County will soon be eligible for long-term financing of energy-efficient upgrades to their homes through a unique public-private partnership.Renovate America, the leading provider of residential Property Assessed Clean Energy (PACE) financing in the U.S., and the Missouri… more

Lockton Tabs Glenn Spencer as Next CEO

Lockton, the world's largest privately held independent  insurance brokerage, announced this morning that Glenn Spencer would become president and chief executive officer next May, when John Lumelleau retires. Lumelleau has been at he helm during much of Lockton's rise from… more