Banking & Financial Services
Posted September 11, 2023 J.M. Smucker Co. will acquire the baked goods distributor Hostess Brands Inc. in a deal worth approximately $5.6 billion the company said Monday. The $5.6 billion transaction roughly translates to $34.25 per share in cash and…
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Posted August 31, 2023 Kansas City-based PayIt LLC announced Wednesday it will be adding its digital payment services to Massachusetts. PayIt specializes in software that allows residents to submit forms digitally to local, county and state governments. Massachusetts residents can…
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Posted August 31, 2023 A survey released Monday outlines how much individuals in each state need to earn as a comfortable living wage. Both Missouri and Kansas are among the top states with the lowest income necessities. The survey was…
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Posted August 29, 2023 Creative Planning, the Kansas City region's biggest wealth-management firm, is getting bigger: The Overland Park firm has announced the acquisition of the Goldman Sachs Group's Personal Financial Management unit. Neither the terms of the sale nor…
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Posted August 28, 2023 Based on the latest consumer price index from the Bureau of Labor Statistics, weekly earnings have increased to 3.5 percent year-over-year since July. However, the Federal Reserve is cautious about wage hikes and could affect its…
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Posted August 24, 2023 TreviPay has added a new capability to its business-to-business payment platform for merchants around the world allowing sales between different currencies. TreviPay, headquartered in Overland Park, operates in 32 countries and 20 currencies and now can…
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Posted August 24, 2023 Creative Planning announced its acquisition of Minneapolis-based CTB Financial Services, Ltd., marking the wealth management firm’s third acquisition this year. CTB will add support to Creative Planning’s already bolstered tax planning with investment management services. “Having…
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Posted August 24, 2023 The Justice Department announced Wednesday the results of a coordinated, nationwide enforcement action to combat coronavirus aid fraud, including 718 enforcement actions and over $836 million in alleged COVID-19 fraud. The coordinated law enforcement action occurred…
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Posted August 17, 2023 KC Mathews has joined Commerce Trust, a division of Commerce Bank, as Chief Market Strategist, the company announced last week. Mathews comes to Commerce Trust after 21 years at UMB Bank where he recently served as…
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Posted August 10, 2023 Kansas City-based Commerce Bank, which has nearly 50 branch locations in the Kansas City, Lawrence, and St. Joseph area, is among 10 small-to-mid-sized banks whose credit ratings were downgraded by Moody’s. In a recent report from…
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