Banking & Financial Services
Previously held-back funding due to COVID-19 concerns was released in Missouri on Monday, March 1. The remainder of $438 million from the current state budget - around $281 million - was released on Monday, the majority of it to be…
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On Monday, Missouri Gov. Mike Parson announced just short of $281 million in funding from previously restricted FY21 spending has been released. Approximately $280,783,940 is the remainder of approximately $438 million in FY21 spending that has been restricted, "to ensure…
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The U.S. House of Representatives continues the debate on Biden’s $1.9 trillion coronavirus aid bill on Friday. If approved, the measure would send a new round of emergency financial aid to households, small businesses and state and local governments. Democrats…
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Within the next 120 days or less, a new ordinance approved by the full Kansas City Council on Thursday will limit the amount of incentives for area developers as well as the maximum term for property tax abatements. A unanimous…
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Evergy, Inc. has made an agreement which will add two new members to its Board of Directors as well as deliver $115 million with the sale of common shares. The Kansas City-based utility company reached a deal with activist investor…
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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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