MERCER: SD audit uncovers millions in misappropriated bank taxes
May 19, 2013 in The Daily Republic
SD Revenue Department staff don’t track down unexplained payments, state general fund shorted funds. Continue Reading
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Daugaard seeks higher credit rating
April 18, 2013 in The Daily Republic
Governor says SD’s budget discipline could bump state to AAA.
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Future of Johnson campaign war chest unknown
April 15, 2013 in The Daily Republic
SIOUX FALLS (AP) While U.S. Sen. Tim Johnson has decided not to run for another term in Congress, he has not decided what to do with the money he raised for a possible new campaign. Continue Reading
GUEBERT: Beware the coming market calamity
April 10, 2013 in The Daily Republic
The money underwriting it all, he claims, is not coming from a healthy, stable economy but from the Federal Reserve’s “egregious flood of phony money” that has “expanded [the Fed's] balance sheet six-fold, to $3.2 trillion from $500 billion,” since the year 2000.
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High school students share importance of savings, financial literacy
April 8, 2013 in Alexandria Echo Press
An estimated 220,000 or 4.1 percent of Minnesotans are “unbanked” and currently without access to a bank account. Continue Reading
Audit reveals financial problems in Box Elder
April 8, 2013 in The Daily Republic
The audit concluded the city is operating at a general fund deficit of up to half a million dollars, has poor bookkeeping, improperly intermingles city funds and doesn’t have staff trained to handle a budget. Continue Reading
Three out of four people have financial worries, says survey
April 7, 2013 in Alexandria Echo Press
“This year’s survey results provided somewhat of a mixed message,” said Susan C. Keating, president and CEO of the NFCC. “More than one in four consumers indicated they are spending more than last year, yet 77 percent admitted to having financial worries, listing insufficient savings as their top financial concern.” Continue Reading
State retirement system shows external auditors the door
April 4, 2013 in The Daily Republic
State retirement trustees drop KPMG after SEC allegations stemming from collapse of Nebraska’s TierOne bank.
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SD Retirement System sees 14.9 percent investment return
April 4, 2013 in The Daily Republic
If that level of investment return holds through the end of the financial year, the system will be fully funded by June 30.
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Wells Fargo Investment Unit paid board member’s son $1.4M
March 28, 2013 in The Daily Republic
SAN FRANCISCO Wells Fargo & Co., the most valuable U.S. bank, paid a board member’s son about $1.4 million last year for his work in a unit responsible for investing deposits.
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