Banking & Financial Services
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.…
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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…
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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…
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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…
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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…
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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,…
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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…
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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.…
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A 2021 State of the Nonprofit Sector Report from Missouri-based BKD CPAs & Advisors shows how nonprofit organizations have managed operations during COVID-19. The findings show a majority of nonprofits have increased their services, yet reduced staffing. It also highlights…
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Missouri and Kansas showed growth in Creighton University’s February Rural Mainstreet Index (RMI). The Show-Me state rose to 66.2 from January’s 63.6, a regional high. The Kansas RMI for February increased to 55.9 from 53.6 in January. February was also…
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