Banking & Financial Services
A year that started on with a booming U.S. economy is now certain to include a recession. That’s the take-away from UMB Bank’s chief investment officer, KC Mathews, who has issued a 2020 economic forecast updated to reflect the impact…
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“The greatest financial relief we can give small and mid-sized businesses in this economic crisis is faster payment of their outstanding invoices—liquidity.” With that declaration, Kansas City’s Sandy Kemper, founder and CEO of C2FO, is calling for a different approach…
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Overland Park-based wealth-management firm Waddell & Reed's assets under management took a plunge from February to March, dropping from $65 billion to $56 billion. The fall has taken place as the stock market saw extreme volatility during that time frame.…
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Kansas City-based Commerce Bancshares has delayed its quarterly financial filings from April 14 to April 28, due to problems posed by COVID-19. It follows another large area public company, Seaboard Corporation, which has changed its annual meeting location on April…
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Federal relief for small businesses slammed with cash-flow challenges during the COVID-19 recession has begun flowing, as banks have the green light to begin making loans under the CARES Act’s Paycheck Protection Program. PPP has set aside $349 billion for…
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The unemployment picture in the United States has gotten a lot more grim, due to COVID-19 shock waves. For the week ended March 28, unemployment claims hit 6.448 million, a new record since the numbers have been tracked by the…
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The U.S. House of Representatives today passed a record $2-trillion stimulus bill to help individuals and businesses recover financially from COVID-19. An NBC News report breaks down how much of stimulus check that one will receive: "If you made less…
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About 56 percent of small businesses say they are impacted negatively by COVID-19, according to a recent report from Kansas City-based customer conversion and retention platform Bellwethr. While 55.5 percent said they are feeling negative impacts, 44.4 percent said that…
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Mayor Quinton Lucas has issued a State of Emergency in Kansas City that will last for an initial 21 days in order to prevent the spread of the COVID-19 virus. One of the main conditions of the order issued prohibits…
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Internet security is becoming increasingly important for businesses today, and a Kansas City-based company is reaping the rewards of that demand. DisruptOps Inc. recently received $9 million in Series A financing from Columbus, Ohio-based Drive Capital, a new investor for…
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