Janet Yellen on Monday submitted her resignation from the Federal Reserve Board to President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman.
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Yellen to Step Down From Federal Reserve Board
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As Interest Rates Rise, Banks Are Paying More For Deposits
For years after the recession, banks paid next to nothing on deposits — much to the detriment of savers everywhere. Now, banks have increased lending and need more deposits, so they're willing to pay higher interest rates.
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Ross Whipple Branches Out, Logs Time Away from Boardroom
Ross Whipple manages more than 120,000 acres of Arkansas timberland as chairman of the Ross Foundation and president of Horizon Timber Services Inc.
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Generations Bank Forecloses on Former Gravette Mayor
Generations Bank has filed a foreclosure suit in Benton County Circuit Court against a former Gravette mayor who ran a since-closed restaurant.
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Ex-Partner Alleges Walter Quinn Used Straw Borrowers
A former business partner has alleged under oath that he and others served as straw borrowers so that Walter Quinn of Little Rock could access money from Heartland Bank, where Quinn was a director and its leading shareholder.
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New Frauds Land John Rogers in Prison
Testimony at the Nov. 20 bond revocation hearing of serial fraudster John Rogers shed more light on new evidence uncovered by federal investigators.
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US New-Home Sales Jumped 6.2 Percent in October
Americans bought new homes in October at the fastest pace in a decade — a 6.2 percent monthly increase.
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US Economy Expanded at Brisk 3.3 Percent Pace
Led by a rise in business investment, the U.S. economy grew at an annual pace of 3.3 percent from July through September, its fastest rate in three years.
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Fed Report: Employers Raising Wages in Tight Labor Market
Employers in the Federal Reserve's Eighth District, which includes all of Arkansas and parts of six nearby states, say they are raising starting wages and salaries to attract new workers amid a tight labor market.
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Bank of the Ozarks Hires Contractor for New HQ
Bank of the Ozarks has hired CDI Contractors LLC to build its new headquarters in west Little Rock and plans to break ground in December.
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US Construction Spending Up a Strong 1.4 Percent in October
U.S. construction spending surged 1.4 percent in October, the best gain in five months, with all major categories of building posting gains.
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Fed Board Member, State Economic Forecaster Assess Economy
James Bullard, president of the Federal Reserve Bank of St. Louis, fielded questions Friday about President Donald Trump's pick to head the Federal Reserve Board, the GOP tax plan and the future of banking regulations.
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Legislative Auditor Roger Norman Examines Where Most Accounting Issues Take Place
Norman, a past president of the National State Auditors Association, serves on the board of the Arkansas Society of CPAs.
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Jim Fram Takes Committee Seat at International Economic Development Council (Movers & Shakers)
Jim Fram has been appointed to the Accredited Economic Development Organization Advisory Committee by the International Economic Development Council.
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Surgeon Logan Lynch Starts at St. Bernards (NEA Movers & Shakers)
Lynch completed an internship and residency at the University of Mississippi Medical Center, where he spent the last year as administrative chief resident of general surgery.
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Coca-Cola Plant Transaction Approaches $11 Million (Real Deals)
The largest independent Coca-Cola bottler in the nation bought the 22.2-acre complex from Atlanta’s Coca-Cola Refreshments USA Inc., a subsidiary of the Coca-Cola Co.
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Tracing Path to Big Buys by Simmons
Here's a look at some highlights along the path traveled by Simmons First National Corp. to bring two of its biggest deals home and grow the bank holding company into a $14 billion-asset concern.
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Walter Quinn Sues Heartland Bank, Richard O' Brien
Once the largest stockholder in the Little Rock bank, Quinn claims O’Brien contributed to his financial difficulties and pushed him out of Heartland. His complaint alleges breach of fiduciary duty and fraud.
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MediPays to Offer Financial Services to Medical Marijuana Industry
Financial technology provider MediPays of Little Rock announced Monday that it is is partnering with an Arkansas bank to offer electronic payments and financial services to the state’s medical marijuana industry.
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Senate Panel Approves Jerome Powell as Fed Chairman
The Senate Banking Committee has given approval to President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve.
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