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Business tax picture muddled by reforms

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Health care reform kicks in for good in 2014, but this is the year that businesses have to keep meticulous records — because those records definitely will make a difference on next year’s tax returns. The paperwork for tax credits based on premiums paid by companies has been in the works for a couple of… Continue Reading Business tax picture muddled by reforms

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Any U.S. Bank customer who wants to make a donation to the American Red Cross can use any of the bank’s  124 ATMs in Colorado. “In response to the wildfires in our state, U.S. Bank will continue to accept donations from its customers for Red Cross disaster relief at 124 of its ATMs in Colorado… Continue Reading Red Cross donations accepted at US Bank’s ATMs

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Stockmens Bank, started in crisis, thrives today

Stockmens Bank 601 N. Nevada Ave. Owner, founder and president: Rob Alexander Number of employees: 17 Website: www.thestockmensbank.com/ Rob Alexander opened Stockmens Bank in November 2008, just as Bear Stearns was failing, AIG was declared “too big to fail” and the nation’s monetary system was suffering. It was good timing — at least in Alexander’s opinion.… Continue Reading Stockmens Bank, started in crisis, thrives today

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Investors beware fraudulent opportunities

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Inter Reef Ltd. seemed to offer the deal of a lifetime. The Internet-based investment company promised investors would “Get richer with every sunrise,” with a daily return on the investment of 1.5 to 2.5 percent. It promised it used Biblical values to invest money, with short-term “hard money loans” to businesses throughout the United States… Continue Reading Investors beware fraudulent opportunities

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Investors bullish on Colorado economy

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Colorado investors are optimistic about the markets and about the Colorado economy, according to a Morgan Stanley poll. Investors show renewed confidence in meeting financial goals but are still concerned about international conflicts and the U.S. budget deficit. The poll shows that Colorado area investors with at least $100,000 in investable assets are optimistic about… Continue Reading Investors bullish on Colorado economy

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Rate of delinquent student loans rises 36 percent

The amount of delinquent student loans was $3 billion during the first two months of the year, an increase of more than 36 percent from a year ago, said the latest National Consumer Trends Report form Equifax. Balances in bankruptcy cases remained level at $.5 billion, according to the report. The increase in derogatory or… Continue Reading Rate of delinquent student loans rises 36 percent

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Pikes Peak National Bank to be featured on Fox Business Network

The “In View” special edition half hour show featuring Pikes Peak National Bank and two Colorado Spring small businesses will air on the Fox Business Network. The show is set for 2:30 p.m. March 30.. Pikes Peak National Bank president Robin Roberts was interviewed in January for the show. She spoke about community banks’ relationship… Continue Reading Pikes Peak National Bank to be featured on Fox Business Network

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Financial giant JPMorgan has announced plans to cut about 4,000 jobs, mostly from its consumer banking and mortgage divisions. The move also could hint at a new direction for JPMorgan, one toward a leaner staff. The cuts only amount to a 1.5 percent workforce reduction for the bank, but the news comes on the heels of… Continue Reading JPMorgan to cut 4,000 consumer banking jobs

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Bank battle: Bankers keep market share, each other in sights

With 38 banks clawing for market share, banking competition in El Paso County is fierce, and bankers do whatever it takes to gain an edge. They steal competition. They restructure rates. They renovate branches, renew relationships and in some cases resist change to gain a reputation of consistency. And though their battle plans differ, their… Continue Reading Bank battle: Bankers keep market share, each other in sights

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Colorado joins multi-state lawsuit against S&P

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Colorado has joined the federal government and other states in suing Standard and Poor’s in connection to the ratings that the agency issued on structured financial securities, including residential mortgage-backed securities that were issued from 2004 to 2007. The lawsuit is part of a joint federal-state effort to hold those responsible for their part in… Continue Reading Colorado joins multi-state lawsuit against S&P

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