by Monica Mendoza Published: November 4,2011
Tags: Banking & Finance, Estate Planning, will
Death is the one certainty. But, planning for it is uncomfortable and can be complicated, especially when blended families, multiple marriages and changing estate and probate laws are a factor. The complications could be the reason behind why so few Americans have wills. Only 35 percent have wills and 29 percent have set up power of attorney [...] [...]
by Monica Mendoza Published: July 27,2011
Tags: Banking & Finance, Markle
Gary Markle has been named market president of Central Bank & Trust in Colorado Springs. He starts Aug. 8. Markle’s banking background includes commercial lending, bank auditing and interest rate risk management. He left banking to form Sendero Corp., a software company that developed the first modeling tools for bank interest rate risk management. He served on the [...] [...]
by Rebecca Tonn Published: August 20,2010
Tags: Banking & Finance, Small Business
Small-business owners who lament they cannot access enough capital to buy inventory or expand their businesses now have an economic report to confirm their complaints. The National Small Business Association 2010 Mid-Year Economic Report shows that the lack of small-business access to capital is getting worse, not better. Nearly one-third of small-business owners surveyed said a lack [...] [...]
by Rebecca Tonn Published: March 20,2010
Tags: Banking & Finance, Entrepreneurism, Peak Venture Group
Cameron McCaig gave the big presentation. Now he and co-founder Kathleen Meyer play the waiting game. Will their start-up company, The Trestle Project, be successful? Will it attract investors? What about the beta users they need for their on-line virtual connection service for professionals and clients? Meyer and McCaig followed the advice of their Peak Venture Group 5-Minute Presenter forum [...] [...]
by admin Published: March 19,2010
Tags: Banking & Finance, loans, recession
A bank research firm says the number of Colorado financial institutions with high levels of delinquent loans has jumped from 13 three years ago to 70 today. About 36 percent of the 195 Colorado banks that Bauer Financial Inc. firm tracks have high levels of bad loans, meaning the banks’ nonperforming loans are 3 percent or [...] [...]
by Rebecca Tonn Published: October 2,2009
Tags: Banking & Finance, David A. Jeppson, Keith Hembre, U.S.Bank
Barring unforeseen circumstances, the risk of a double-dip recession is “pretty unlikely,” Keith Hembre, U.S Bank’s chief economist, told the audience at U.S. Bank’s Economic Update and breakfast at the Doubletree Hotel on Tuesday. Across the developed world, interest rates are basically at zero. And governments have used unprecedented policy action, so they aren’t apt to [...] [...]
by Rebecca Tonn Published: June 12,2009
Tags: Banking & Finance
There’s been a quick turnaround in the psychology of investors, said Bryan Olson, head of portfolio consulting for Charles Schwab & Co. Inc. He likens it to the analogy of pushing a spring down – when it’s released, it springs back hard. Clients and investors definitely have “better attitudes” about the market, and Olson sees more [...] [...]
by Rebecca Tonn Published: June 5,2009
The stock market “basically blew up in everybody’s face,” said David Twibell, director of wealth management for Colorado Capital Bank. “The world is different now in a lot of ways, and clients and investors want to know what the industry is going to do.” Modern Portfolio Theory held that diversification among asset classes was enough to [...] [...]
by Rebecca Tonn Published: May 29,2009
The stock market always recovers. Since 1926, the stock market, as measured by the Standard & Poor’s 500 index, has had 58 years of positive returns and only 24 years of negative returns. Historical odds are 8-to-1 that the market will be down by 10 percent or more during any single year, and 2-to-1 that the market [...] [...]
by Rebecca Tonn Published: May 22,2009
Foreign exchange markets don’t operate like Wall Street does. It’s a global network of buyers and sellers exchanging currencies. Trades are executed via brokers or over-the-counter electronic networks. “There is no centralized trading floor,” said Correy S. Jones, vice president at Wells Fargo Foreign Exchange in Denver. Jones gave a presentation at a recent Office of [...] [...]
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