Latest News

—Staff photo by Chey Scott

Belsby Engineering diversifies, thrives in slower market

Belsby focuses on helping towns secure funding for projects
June 7, 2012
Chey Scott
To offset an overall slowdown in privately funded construction projects here that came as a result of the recession, one Spokane-based engineering firm has diversified its approach to securing work and remaining profitable.Belsby Engineering LLC
Read More

Bankers push for extension of special FDIC insurance

Coverage is scheduled to lapse on Dec. 31 for transaction accounts
June 7, 2012
Deposits in excess of $250,000 in noninterest-bearing transaction accounts, or "TAG" deposits, totaled $1.3 trillion in the first quarter, up from $893 billion in the same quarter a year ago, according to the FDIC Quarterly Banking Profile released
Read More

Wells Fargo Bank launches new funds-transfer system

Product allows customers to send funds using email, phone number of recipient
June 7, 2012
San Francisco-based Wells Fargo & Co. says it has launched a new service named Send & Receive Money that simplifies Wells Fargo customers' payments to other Wells Fargo and Bank of America customers through online and mobile banking using an email
Read More

Economy concerns more rich investors, survey says

Four of five millionaires worry about sluggishness more than other factors
June 7, 2012
The prolonged economic downturn has become the top worry for most wealthy investors, according to new research from Spectrem Group LLC.Four out of five millionaire investors participating in the study cited the sluggish economy as a concern in a
Read More

M&A activity, financing availability improve

Business valuations are rising, but sales depend on performance indicators
June 7, 2012
News Wise
The market for mergers and acquisitions is clearly improving in terms of valuations, financing availability, and deal volume—and that market will continue to do so throughout 2012, a new survey indicates.The survey was conducted by MBA and
Read More

NCUA reports record quarterly highs in assets, net worth

Deposit growth outpaces lending activity, though, and bankruptcies grow
June 7, 2012
Key financial indicators for federally insured credit unions largely improved in the first quarter of 2012, according to Call Report data submitted to and compiled by the National Credit Union Administration."The credit union industry reached in
Read More

Investors paid less in mutual-fund fees in '11, study says

Expense ratio dropped because of competition in industry, more factors
June 7, 2012
Investors paid on average lower expense ratios in 2011 than in 2010 for long-term mutual funds, including equity, bond, and hybrid funds, says an annual report on fund fees and expenses that Investment Company Institute released in late April. is a
Read More
—Staff photo by Mike McLean

Financial planner's division here boasts steady growth

Waddell & Reed offers proprietary, nonexclusive options for investments
June 7, 2012
Mike McLean
The Spokane division of Waddell & Reed Financial Advisors has grown while the financial services industry as a whole has been shrinking, says Jason Renskers, managing principal here.Waddell & Reed, a subsidiary of Overland Park, Kan.-based & and
Read More
Daily News Updates

Subscribe today to our free E-Newsletters!

Subscribe

Featured Poll

Do you support AI agents or virtual assistants managing your investment trades or financial advice?

Popular Articles