Banking & Financial Services


In a Nutshell by Ken Herman

Did you feel a leftist scalpel cutting away more of your heart muscle?  Christians as well as all religious Americans just lost more of our constitutional freedoms and liberties to the extreme left’s political surgeons and agenda. If you missed… more

Q&A with: Stephen Penn

Q: We've seen the downturn's impact on hospitality (hotels, airlines, car rentals, restaurants, retail, etc.), but from what you've seen, which other sectors have sustained long-term damage? A: We would expect those industries with a combination of lower demand offerings,… more

U.S. economy shrinks at record annual rate in second quarter

Knowing it was coming did little to prevent raised eyebrows down today, as the Commerce Department released its preliminary report showing real gross domestic product decreased at a record annual rate of 32.9 percent in the second quarter of 2020. That… more

New relief program for Missouri local governments

The Missouri Development Finance Board has announced the new Small Communities Operating Capital Loan Relief Program for Missouri incorporated municipalities under 25,000 in population, according to a Wednesday news release from the Missouri Department of Economic Development The program will… more

$1 million of pandemic relief funds to be used on startups in Missouri

On Wednesday Missouri Gov. Mike Parson announced that the state will use $1 million of its allotted COVID-19 relief funds on a new grant program for startups in Missouri. The grant program will financially assist co-working and incubator facilities with… more

Federal Reserve Board upholds current schedule of prices for most payment services

The Federal Reserve Board announced Tuesday its intent to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions (priced services) in 2021, according to a Tuesday news release from the… more

In a Nutshell by Ken Herman

Optimism among investors historically grows after the 4th of July holiday.  The last two weeks of July are typically positive for stock markets, normally driven by positive earnings announcements. The Street has already observed that the analyst community was too… more

PPP: Did It Hit the Mark?

The second quarter of 2020 is in the books, and it will go down as a historic three months for American business, American banking—and eventually, the American taxpayer. The latter will be on the hook for trillions in money borrowed… more

In a Nutshell by Ken Herman

A question that many on Wall Street are asking is why a full recovery from the Covid-19 created recession could take five years, even if everything goes right.  While that is not likely assuming Trump is reelected in November, it… more

Kansas Department of Commerce adds new deputy secretary and community development director

Department of Commerce Secretary David Toland today announced the hiring of two economic development professionals to help direct business and community development efforts for the state. William (Bill) Murphy will become the new Deputy Secretary for Business Development at Commerce,… more