Tagged: Banking

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 >

SAFE Banking and Cannabis (Dan Roda Commentary)

SAFE Banking and Cannabis (Dan Roda Commentary)

OpinionBanking & FinanceHealth Care

SAFE Banking will also enable more banks to begin offering conventional loan products to cannabis operators, with a lower cost of capital than currently available from the mostly nonbank lenders filling this void today. read more >

U.S. Household Debt Reaches $13.67 Trillion

U.S. Household Debt Reaches $13.67 Trillion

Banking & FinanceHealth CareLegal

Household debt in the United States rose for the 19th straight quarter, reaching $13.67 trillion as of March 31. It’s now 7.8% or $993 billion higher than the previous peak of $12.68 trillion, reached in the third quarter of 2008. read more >

Arkansas' Jobless Rate Rose to 3.5% in September

Arkansas' Jobless Rate Rose to 3.5% in September

Banking & FinanceHealth CareTransportation

Arkansas' seasonally adjusted unemployment rate rose one-tenth of a percentage point, from 3.4 percent in August to 3.5 percent in September, the state Division of Workforce Services reports. read more >