Banking & Finance


Berry Bishop Faces Pressure from Feds for Prison Time
Berry Bishop’s defunct Alliance Insurance Group of Arkadelphia reported $2.9 million in gross revenue in 2017. It filed for Chapter 7 bankruptcy in May 2018.

Berry Bishop Faces Pressure from Feds for Prison Time

by Arkansas Business Staff – 3 weeks ago

Berry Bishop, the Hot Springs insurance agent who also had offices in Prescott and Arkadelphia, is scheduled to be sentenced in U.S. District Court in Hot Springs on Friday morning.

Fed Cuts Rates for 3rd Time This Year

Fed Cuts Rates for 3rd Time This Year
2 weeks ago

The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it hinted that it won't likely cut again this year.


The Appearance Of Wealth (Gwen Moritz Editor's Note)

The Appearance Of Wealth (Gwen Moritz Editor's Note)

OpinionBanking & FinanceLegalEditor's Note

I feel compelled to make this point every year or two, since it is the most important lesson I've learned from two decades as your business editor: Wealth and the appearance of wealth are two different things. read more >

SEC, Labor Seek Compromise on Fiduciary Duties

SEC, Labor Seek Compromise on Fiduciary Duties This article is available only in print.

Banking & FinanceTechnology & TelecomCover Story

Bill Sowell, a registered investment adviser in North Little Rock, embraces a legal obligation to put clients' financial interests first. And he's frustrated that the requirement doesn't apply to everyone across the investing industry. read more >

NanoMech Uncovers Top Secret Dealings

NanoMech Uncovers Top Secret Dealings

Banking & FinanceLegalTechnology & TelecomCover Story

The Delaware bankruptcy of Springdale's NanoMech Inc. has taken a bizarre cloak-and-dagger turn: Former CEO Jim Phillips, under oath in September, cited “national security” when refusing to answer questions about 46 transactions that its top financial officer knew only as the “CIA arrangement.” read more >

US Economy Grows at Modest 1.9% Rate in 3Q

US Economy Grows at Modest 1.9% Rate in 3Q

Banking & Finance

The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weakening global economy. read more >

Hotel Hot Springs Foreclosure Sale Set

Hotel Hot Springs Foreclosure Sale Set

WhispersBanking & FinanceLegal

The public auction will be held in the foyer of the Garland County Courthouse in Hot Springs, with the proceeds from the sale helping to pay a $128.9 million judgment handed down against the hotel's owner back in June. read more >

Trustee Alleges Fraud in Farmers' Bankruptcy

Trustee Alleges Fraud in Farmers' Bankruptcy

Banking & FinanceLegal

A couple who farmed in Monroe County allegedly tried to shield assets from creditors before filing a multimillion-dollar bankruptcy, according to a lawsuit filed last month by a bankruptcy trustee. read more >

Simmons First 3Q Profit Up 48%

Simmons First 3Q Profit Up 48%

Banking & Finance

Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $81.8 million, up 48 percent from the same quarter last year. read more >

Bank OZK Packs Little Rock With New Deposits

Bank OZK Packs Little Rock With New Deposits

Business ListBanking & Finance

Bank deposits in Arkansas grew by 6.5% in the 12-month period that ended June 30, outpacing the national growth rate of 4.2% and topping $70 billion for the first time, according to data released in September by the Federal Deposit Insurance Corp. read more >

Walmart Seeks Way Into Your Wallet

Walmart Seeks Way Into Your Wallet

Banking & FinanceTechnology & TelecomCover Story

Walmart's recent patent application for a cryptocurrency system hints at the Bentonville retailer's next move into the financial services sector. read more >