Banking & Financial Services

Tax cuts hurt Moody’s rating of Kansas bonds

Moody's Investors Service says Kansas’ financial outlook is negative as a result of revenue shortfalls caused by the 2012 tax cuts championed by Gov. Sam Brownback. The rating service this week assigned a Aa3 rating to $49 million worth of… more

KC Life Profit Nearly Halved in Second Quarter

Kansas City Life Insurance Co. recorded net income of $5.2 million, or 54 cents per share, in the second quarter of 2016, a decrease of $5.7 million, or $0.47 per share, relative to the same quarter in the prior year. … more

KC Life names new auditor

Kansas City Life Insurance Company has announced that it has engaged BKD, LLP as its independent auditor for 2016. BKD will replace the Company's previous independent auditors, KPMG LLP.The selection of BKD as the company's new independent auditors was made… more

Lockton’s London team honored

 LONDON -- Lockton's Asset Management team in London has been named "Best Insurance Broker" for the second consecutive year. The team was honored by HFM Week, a global hedge fund publication, with the top award at the 2016 European Hedge Fund… more

New tool set to finance energy-efficient upgrades

Homeowners in Jackson County will soon be eligible for long-term financing of energy-efficient upgrades to their homes through a unique public-private partnership.Renovate America, the leading provider of residential Property Assessed Clean Energy (PACE) financing in the U.S., and the Missouri… more

Lockton Tabs Glenn Spencer as Next CEO

Lockton, the world's largest privately held independent  insurance brokerage, announced this morning that Glenn Spencer would become president and chief executive officer next May, when John Lumelleau retires. Lumelleau has been at he helm during much of Lockton's rise from… more

In the Dodd-Frank Aftermath

FIVE YEARS AFTER THE MASSIVE REGULATORY BOMB DROPPED on nation’s banking system, the true impacts are tarting to emerge—and not necessarily in ways that the reformers had promised. by Dennis Boone   July 21, 2010, represents a watershed day in… more

Spending Bill May Contain Some Tax-Break Gems

Savings possible for individuals, businesses. When President Obama signed a $1.1 trillion funding bill in December, it ensured that operations of the federal government would run until Sept. 30 of this year. While the budget hawks decried certain aspects of… more

Japanese Firm Buying Canadian Bank’s Stake in American Century

Kansas City's American Century Investments announced this morning that a 41 percent share in the company, now held by Canadian Imperial Bank of Commerce, is being acquired by Japan's Nomura Holdings, a financial-services company, for roughly $1 billion. Assuming the deal passes muster… more

Bank of Kanas City Parent Buying Missouri Bank & Trust Co.

In a union of Top 25 banks in the Kansas City market, MBT Bancshares, parent company of Kansas City's Missouri Bank & Trust Co., is being acquired by BOK Financial for $102.5 million in cash, the Tulsa-based bank announced today. Grant Burcham, CEO of Missouri… more