One of Iowa’s biggest businesses has sold off a big part of its operation. Principal Financial Group is selling its mortgage banking business to Citigroup for one-point-25 billion dollars. Principal executives say the sale will allow the company to focus on growth in its core businesses. About 15-hundred people are employed in Principal’s mortgage banking division — about one-thousand of those folks work in Des Moines. The execs say those employees will transfer over to Citigroup. The sale is expected to close in a few months, after federal regulators approve it. Citigroup says Principal Mortgage has about seven billion dollars worth of assets, much of that in the form of loans to homeowners. Principal is one of Iowa’s largest private employers with over 10-thousand workers on the payroll.
- Meandering male moose seen in Sioux County
- Repairs made to northwest Iowa lake’s carp barrier
- Nunn criticizes fellow Republicans blocking votes on budget bills
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- Congresswoman Hinson says Farm Bill won’t be impacted if government shuts down
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UNI receives grant to turn old photos into interactive exhibit
UNI receives grant to turn old photos into interactive exhibit - Radio Iowa
An archival photography project at the University of Northern Iowa has landed a federal grant to help its users ...
Home test - Radio Iowa
Unhealthy air detected in parts of the state from Canadian wildfire smoke
Unhealthy air detected in parts of the state from Canadian wildfire smoke - Radio Iowa
The wildfire smoke from Canada is back over Iowa once again. Brian Hutchins at the DNR Air Quality Bureau says ...
Banks in Sioux, Lyon County the target of check cashing fraud
Banks in Sioux, Lyon County the target of check cashing fraud - Radio Iowa
The Sioux and Lyon County Sheriff Departments are working with local police trying to identify individuals involved ...