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Financial Services

Department of Finance saw more filings in 2013

The Idaho Department of Finance says the financial services industry expanded in 2013. An annual report from the department said there was a 2.6 percent increase in submissions for business filings, licenses and registrations. The total number of business filings ...

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Americans converting to Roth IRAs (access required)

Americans are increasingly moving income out of their traditional individual retirement accounts into Roth IRAs, seeing an advantage in tax savings. Fidelity Investments reports the number of people who converted traditional IRAs into Roth IRAs rose 7 percent during the ...

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JPMorgan’s Dimon: Target breach is a wake-up call

More Target-sized security breaches will happen if banks and retail stores don’t start working together to further protect customers’ data, JPMorgan Chase’s CEO Jamie Dimon said Jan. 14. JPMorgan has replaced 2 million credit and debit cards as a result ...

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How ‘mature’ are millennials about debt? (access required)

With age comes debt – that’s what the newest release from PNC Bank’s latest financial independence survey seems to say. The survey results showed that people aged 25 to 29 have about $35,600 on average in debt, but those aged ...

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Your life may not be worth what you think (access required)

Billions of dollars’ worth of life insurance policies may not be worth the paper they’re written on. Policies whose worth is tied to interest rates are losing value fast, as rates remain low over the long haul. And policyholders who’ve ...

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Idaho credit unions lead the nation in gains

Idaho credit unions have seen a larger increase in loans and members than credit unions in every other state in the country. A recent report from the National Credit Union Association said that Idaho had 15.2 percent loan growth, up ...

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Credit Union League president leaves after short stint in Idaho

Idaho Credit Union League President and CEO Chris Johnson has left his job after just five months. Johnson, who started work in June, left on Nov. 22, according to interim president Kathy Thomson. Thomson, formerly a vice president with ICUL, ...

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Surveys: More bank acquisitions on tap (access required)

Two surveys of bank executives suggest that more banks will be completing mergers and acquisitions in the coming year. In the Bank Director’s Bank M&A Survey, 76 percent of respondents expect to see a higher number of mergers and acquisitions ...

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Proposed tax changes could spark R&D investment (access required)

A new legislative proposal aims to modernize the U.S. tax code in order to stimulate investment in research and development for emerging companies. The Startup Jobs and Innovation Act, introduced Nov. 6 by Sen. Robert Menendez, D-N.J., and Pat Toomey, ...

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