Banking & Financial Services
Both Commerce Bancshares and Waddell & Reed Financial released their quarterly earnings today, and COVID-19 impacts on their businesses were top of mind for their executives. In the case of Kansas City-based Commerce, which saw net income fall to $51.9…
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Kiley Sidman is the Kansas City market director of Chase Consumer and Community Banking, as the chain expands through the metro area. Q: How has daily business changed at your branches since the COVID-19 outbreak? A: As you can imagine,…
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The House of Representatives has passed a $484-billion relief bill that would fund small businesses and hospitals, and now the measure goes before President Donald Trump. The bill includes $320 billion to replenish the Paycheck Protection Program (PPP) for small…
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A team of Citigroup analysts said that there will be a bear market in the U.S. investment market for some time to come. “All bear markets include false rallies, often associated with supportive monetary policy. But markets only find a…
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The Small Business Administration today issued new guidance for its Paycheck Protection Program. It's new guidance had verbiage that would make it less likely for large companies and institutions like the burger chain Shake Shack, which has a location in…
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Mark Larrabee is the president and chief executive officer of the Kansas City market for Arvest Bank. He talks about SBA stimulus loans and their distribution process. Q: Have you heard yet from the SBA about any adjustments to PPP…
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Though 30-year fixed-rate mortgages are at an all-time low, purchases hit their lowest levels since 2015, a 31-percent decrease from the same year-ago period. The Mortgage Bankers Association also reported that, for the week ended April 17, mortgage applications decreased…
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Overland Park-based Five Elms Capital, which invests in business-to-business software companies, has invested in an Austin, Texas-based SaaS firm. Though details about the investment amount were not released Fred Coulson, Five Elms' founder and managing partner, will take a board…
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Kansas and Missouri both did relatively well in receiving funds from the $350-billion Payroll Protection Program COVID-19 relief bill, at least compared to most states. Kansas came in nine per capita of all states for funding, while Missouri was ranked…
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The U.S. Senate has passed a bill that would give another $484 billion to small businesses and hospitals. It's a move that was partially pushed by the Small Business Administration last week running out of $350 billion in funds that…
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