Banking & Financial Services
Posted July 20, 2023 UMB announced Tuesday the former director of Healthcare Services, Phil Mason, will be the new president of Institutional Banking for the financial corporation. Mason has 18 years of experience under UMB and has worked closely with…
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Posted July 20, 2023 Financial advising group V Wealth, based in Overland Park, merged with Wealth Consulting Group, a hybrid RIA firm headquartered in Las Vegas, raising the buyer's assets in the billions. The merger with V Wealth—advising more than…
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The Federal Reserve Bank released its June Beige Book Wednesday, indicating the Kansas City district remained flat in economic growth. The level of economic activity across Kansas City changed little during June, with a mix in performance across segments, according…
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The national law firm Husch Blackwell announced Monday that Jamie Lawless was appointed the chief executive elect, fully taking over the role from current CEO Paul Eberle early next year. Lawless will continue to work with Eberle until she steps…
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Consumer prices increased by 3 percent over the past 12 months, an indicator of a steady decrease in inflation, according to the U.S. Bureau of Labor Statistics. The June Consumer Price Index, released Wednesday, showed the Consumer Price Index for…
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The Federal Reserve Bank of Kansas City reported Friday that small business lending has taken a fall in Q1 2023. Small business commercial and industrial (C&I) lending dropped sharply in Q1 with a decrease of 15.9 percent from the same…
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The prices for inflation are seeming to cool off in the month of May as consumer spending slowed down, according to a Commerce Department report released Friday. The personal consumption expenditures (PCE) price index — excluding food and energy —…
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The Mid-American Business Conditions Index for June evidence of economic growth slowing pace despite reporting the region’s overall index climbed above growth neutral for the fifth month in a row. The survey, published by Creighton University, showed the Business Conditions…
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The inspector general for the U.S. Small Business Administration says the agency disbursed more than $200 billion in potentially fraudulent COVID-19 loans through various programs rushed into existence at the dawn of the 2020 pandemic. In a new report issued…
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Kansas City-based American Century Investments announced it will acquire the impact venture capital team 3x5 Partners, leading the investment service into private markets. The transaction with 3x5 Partners is expected to be completed in Q3 this year, according to a…
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