by Rebecca Tonn Published: January 8,2010
Tags: Banking and Finance
Bankers don’t steeple their fingers in glee each time they deny a loan. In fact, bankers are frustrated that they can’t make the loans they want to, said First Commercial Bank Colorado Springs Market President Jack Kerr. That’s a problem bankers will be faced with this year, he said. “Banks in El Paso County and Colorado as a [...] [...]
by Rebecca Tonn Published: January 8,2010
Here’s a look at what economists and bankers foresee for 2010. Equity markets and investing Slowly the economy will improve. But meanwhile, opportunities are already available for investors. “We’re expecting positive gross domestic product growth in 2010 — maybe in the 2.5 percent range,” said Jeff Savage, senior director of investments for Wells Fargo Private Bank. “But we expect [...] [...]
by Rebecca Tonn Published: December 4,2009
Tags: Banking and Finance
Small business owners want to know why banks aren’t lending or won’t renew their loans. The era of fast, loose and easy loans seems to have evaporated for the foreseeable future. During a recent Entrepreneurial Corner at BiggsKofford P.C., several bankers talked about why loans cannot always be renewed and what the industry is battling as it [...] [...]
by Rebecca Tonn Published: November 25,2009
Tags: Banking and Finance, Donna O'Bryant financial adviser Edward Jones, Peak Venture Group
“When you wake up in the morning and need some money for your business, you may think you need cash,” said Karl Dakin, CEO of DaVinci Quest LLC. “But you can leverage publicity instead of cash.” Dakin was part of a panel of speakers featured during a Peak Venture Group seminar, “Alternatives for Injecting Cash Into [...] [...]
by Rebecca Tonn Published: October 16,2009
Tags: Banking and Finance, Dr. Thomas Duening UCCS, entrepreneurs
If you’re unfulfilled at work, stuck on the corporate treadmill or recently lost your job — that doesn’t necessarily mean you should seek out venture capital or start your own business. Investing in entrepreneurs who have “no chance” at success squanders resources and “misdirects human capital,” said Thomas Duening, El Pomar Chair for Business and Entrepreneurship [...] [...]
by Rebecca Tonn Published: October 9,2009
Tags: Banking and Finance, recession and recovery, Scout Investment Advisors, William B. Greiner
Lately, there’s “never a dull moment” in the economy, said William B. Greiner, chief investment officer of Scout Investment Advisors. “We’ll see continued uncertainty — but nowhere near what we’ve seen for the last 18 months,” Greiner said. “We’ve been calling the (end of the) recession, but the ferocity of the rebound will be a little [...] [...]
by Rebecca Tonn Published: September 25,2009
Tags: Banking and Finance, June Walbert, USAA
According to Bankrate.com, 57 percent of Americans don’t have a will. Pardon me, but having a will and creating a simple trust is essential to preserving one’s legacy. (This should not be an “aha” moment — but if it is, do yourself and your heirs a favor and make a will already.) Recently at The Broadmoor, Certified Financial [...] [...]
by Rebecca Tonn Published: September 11,2009
Tags: Banking and Finance, regulation
Many people want financial industry reform. And few want to see a return to the unstable, “innovative” (read, downright precarious) collateralized debt obligations and complicated financial structures of the past decade. But more regulation, proposed by the Obama administration, is not the answer, said Mariner Kemper, chairman and CEO of UMB Financial Corp. While Kemper is “eager” [...] [...]
by Rebecca Tonn Published: September 4,2009
No easy path to long-term financial success For a few wild, delirious years, investing seemed glamorous and easy. One merely had to dabble absentmindedly in equities, snapping up the latest hottest stocks like so many baubles in a jewelry store, and then sit back and count the glittery profits. But reality has checked into the hotel to stay. And [...] [...]
by Rebecca Tonn Published: September 4,2009
Tags: Banking and Finance, Dr. Fred Crowley, recession, Southern Colorado Economic Forum
Mornings are chilly, cherries are already out of season and its dark by 8 p.m. — yes, it’s that time of year again. Time for a sneak preview of the Southern Colorado Economic Forum, that is. (If you thought I’d say something cliché about the “crisp feel of autumn in the air,” then you don’t read this [...] [...]
