A global stock market rally stalled on Thursday as euphoria over major central banks’ coordinated cut to borrowing costs wore off. But hopes that European leaders will deliver a long-term solution to the debt crisis next week helped push eurozone borrowing rates sharply lower. Stocks and bonds had jumped on Wednesday when central banks in [...]
Continue reading …The Colorado Division of Banking has received high praise for its standards and practices in state banking supervision. The division earned its certificate of accreditation from the Conference of State Bank Supervisors for maintaining the standards and practices in state banking supervision set by the organization’s accreditation program. “This esteemed accreditation reaffirms their commitment to [...]
Continue reading …The price of oil surged to $101 per barrel Wednesday, as the U.S. and other countries tried to make it easier for banks to lend money and keep the global economy growing. The Federal Reserve said it will team up with the European Central Bank, the Bank of England and the central banks of Canada, [...]
Continue reading …AARP Foundation Tax-Aide, the nation’s largest free, volunteer-run tax preparation service, is seeking volunteers from across the state to aid with 2011 tax returns. Volunteers do not need to be an AARP member or a retiree to participate. Tax-Aide is particularly in need of volunteers who speak both English and Spanish. Volunteers will receive free [...]
Continue reading …Colorado Springs medical marijuana business owners are desperately writing letters to every bank in the country asking if they will accept their business. About 150 dispensary owners across the state are searching for a bank that will take their accounts, said Tanya Garduno, president of the Colorado Springs Medical Cannabis Council and owner of Medical [...]
Continue reading …With Cyber Monday and the holiday shopping season just around the corner, consumers are warned not to fall victim to phishing scams. The Colorado Bankers Association said consumers should know that phishing is a new twist on an old telemarketing scam, but uses e-mail. Criminals send e-mails to millions of people hoping that even a [...]
Continue reading …American National Bank is shortening its name to ANB Bank. The name change will happen Dec. 30, said Donald Sturm, chairman and CEO of American National Bank. “We’re matching our new name with the more innovative banking services we’re bringing to our customers,” Sturm said. “We will continue to be the locally owned bank we [...]
Continue reading …The euro is falling against the dollar on worries that Europe’s debt crisis is spreading to other countries. Borrowing costs in Italy, Spain and France have risen this week. Higher borrowing costs are a sign that investors are worried that those countries may have trouble paying their debts. On Wednesday, the yield on Italy’s 10-year [...]
Continue reading …Shares of Clovis Oncology are falling in their first day of trading on the Nasdaq Global Select Market. The stock is down 18 cents to $12.82 in late morning trading after rising as high as $13.31 earlier. Broader trading indexes also are also lower. The Boulder, Colo., company raised about $130 million in an initial [...]
Continue reading …In order to reduce mailing and printing costs, the Colorado Department of Revenue will no longer mail income tax booklets to tax payers. The move comes as more taxpayers are filing electronically, and in past years, the department mailed booklets only to taxpayers who have not made the switch to electronic filing. Taxpayers still have [...]
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