Banking & Financial Services

Kelly, Parson Sign Border War Agreement

Businesses expecting special tax incentives to make a move from South Kansas City to Overland Park, or from Lee's Summit to Lenexa, are out of luck. Kansas Gov. Laura Kelly and Missouri Gov. Mike Parson just signed an agreement between… more

Stifel Acquiring Core George K. Baum Business

George K. Baum & Company, a Kansas City-based investment bank focused on public finance and taxable fixed income sales and trading, is selling its core business functions to St. Louis-based Stifel Financial Corp. Baum's business specializes in underwriting and other… more

Gov. Parson Has a Democratic Challenger

Missouri State Auditor Nicole Galloway, a Democrat, has put her hat in the ring to challenge Republic Gov. Mike Parson for the office in the August of 2020 election. Galloway, from Columbia, late last month publicly asked Parson to take… more

C2FO Completes $200M Funding Round

C2FO, a Leawood-based financial-technology firm, has secured a $200-million round of funding led by Toyko-based SoftBank, which owns a significant portion of Sprint, as well as major stakes in WeWork and Uber. C2FO, through a system of algorithms, pairs companies… more

VIDEO: Expect Recessions When Making Portfolio Decisions

Investors shouldn't worry about if a recession will come or when it occurs because they're inevitable, says Eduardo Repetto, chief investment officer of American Century Investments’ newly launched Avantis Investors. He will be featured in Ingram's magazine's August edition in… more

Waddell & Reed Laying Off 150 In Midst of HQ Relocation Plans

Overland Park-based Waddell & Reed is laying off about 150 people in its transactional-processing operations and will outsource those positions, the investment-management company's officials said during its second-quarter earnings call.  The layoffs and move toward outsourcing are expected to be… more

Steuve Siegel Chalks Up Huge Win in $1.5B Equifax Case

One of Ingram's Best Companies to Work might now be an even more attractive workplace. Law firm Steuve Siegel Hanson LLP, of Kansas City, was the lead counsel on a class action settlement by credit-reporting firm Equifax relating to a… more

Former UMB CEO Hagedorn Takes Valley National Job

[caption id="attachment_12279" align="alignleft" width="300"] Hagedorn in 2017.[/caption] Michael Hagedorn, the former president and chief executive officer of UMB Financial Corp., is now the chief financial officer of Valley National Bancorp, based in Wayne, N.J. Hagedorn unexpectedly left UMB last year… more

Expect More Jackson County Property Tax Appeals

Property owners in Jackson County now have until July 29 to filed a property tax assessment appeal with the county. The prior deadline was today.The county has already received in excess of 21,000 appeals to property assessments that, in some… more

Flooded Missouri Small Businesses Eligible for Fed Funds

The damaging floods in the region seem never ending this year, and property owners have certainly felt the pain.  For some small-business owners in the Kansas City, Mo., region, though, some of that might be abated. Non-farm and non-agricultural small… more