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Banking & Financial Services

Husch Blackwell Names New Chief Executive Elect

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… more

June Consumer Price Index, Inflation Cool-Off Continues

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… more

KC Small Business Lending Declines For Q1 2023

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… more

Inflation Prices Rise To a Steady 0.3% in May, Fed Reports

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 —… more

Two-State Region Shows Growth, Wholesale Inflation Expected to Climb

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… more

SBA Probe: More than $200 Billion in Pandemic Loans Were Fraudulent

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… more

American Century Will Acquire Venture Capital Firm 3×5 Partners

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… more

KC Rise Fund Brings Additional $34 Million in Venture Funding

KC Rise Fund has closed its third venture-capital fund, which will bring $34 million in new capital to fund technology startups in the Kansas City region. Like its two predecessor funds, KCRise Fund I and II, the latest installment aims… more

Fed Stress Test Show Biggest Banks Positioned to Withstand a Crisis

The Federal Reserve System has released results of its annual banking stress test for 2023, showing that 23 large banks assessed had sufficient capital to absorb more than $540 billion in losses and continue lending to households and businesses under… more

Tighter Bank Lending Expected Across 2023, Monetary Policy Report

The Federal Reserve’s semiannual Monetary Policy Report released this month claims the banking system remains resilient, however, concerns about liquidity positions, deposit outflows, and funding costs continue to plague the economy. In the report, the Fed noted the recent banking… more