Banking & Financial Services
Within the next 120 days or less, a new ordinance approved by the full Kansas City Council on Thursday will limit the amount of incentives for area developers as well as the maximum term for property tax abatements. A unanimous…
more
Evergy, Inc. has made an agreement which will add two new members to its Board of Directors as well as deliver $115 million with the sale of common shares. The Kansas City-based utility company reached a deal with activist investor…
more
Yearly income was down by more than a third compared to 2019 numbers, according to the latest FDIC numbers, although banks pulled in almost $60 billion in net income last quarter, up 9.1 percent, largely on reduced loan loss provisions.…
more
Total filings were down by nearly 50 percent during the third week of February compared to the same week last year, according to a report from the American Bankruptcy Institute. Once again, the largest decline involved Chapter 13 filings, which…
more
This week, a vote from the Neighborhood, Planning and Development Committee advanced a proposal to limit tax incentives for new development in Kansas City, Mo. After a vote of approval from the committee, the policy now advances to the full…
more
Recently Eurostat announced that eurozone GDP contracted at an annual pace of 2.8% during the fourth quarter and 6.8% for all of 2020. By comparison the U.S. economy grew at a preliminary annual pace of 4% during the fourth quarter, while declining…
more
Missouri and Kansas communities have received a boost in funding to assist with housing and other related needs to communities state-wide. The U.S. Department of Housing and Urban Development (HUD) announced $100,489,419 has been granted to local programs in Missouri…
more
A group of Kansas City organizations have formed a new program to provide local small businesses guidance with the PPP loan application process. Called Payroll Protection Program PREP (PPP PREP), the program is a collaboration among local chambers of commerce,…
more
An alteration to the Paycheck Protection Program (PPP) by the Biden Administration will take effect this week. Biden is set to announce a change in PPP rules this afternoon, which will last for two weeks beginning Wednesday, Feb. 24. Starting…
more
A recent acquisition is adding $1.3 billion in assets to OneDigital Retirement + Wealth, the Overland Park-based subsidiary of Atlanta-based OneDigital Investment Advisors. The strategic advisory firm bought Atlanta Retirement Partners, allowing OneDigital to expand its retirement and wealth capabilities.…
more
