Pen City Current

Lee County broadband project awarded funding

LEE COUNTY – A $5.5 million expansion of broadband fiber optics in rural Lee County targeting low and no service areas was awarded $3.55 million in state funding Tuesday. The grant was awarded to Danville Telecom for a project to bring a new fiber optic backbone up the west side of the county and across the Hwy. 16 to Hwy. 61. The money comes from the Empower Rural Iowa Broadband Grant program.
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Focus on Housing Credit Policies Intensifies

While credit standards remain prudent, higher household debt levels or a further rise in high-debt-to-income ratio lending could be a trigger for tighter credit conditions down the track. The focus on housing credit policies is becoming more intense as property values continue to rise and mortgage debt levels increase faster...
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NIM and digital prop Great Southern reset

In a year of atypically low asset growth, a hefty investment spend and a monumental social crisis, Great Southern Bank has produced one of the bigger leaps in profit so far this season. Great Southern Bank is the new name (since June) for CUA, Credit Union Australia — and the...

Kayla Stranded on Apra : An Alien Experience

About Kayla Stranded on Apra : An Alien Experience. When the tentative happiness in Kayla’s life is thrown into upheaval thanks to an anonymous message stating her sister is still alive, she is forced to decide. Stay where she is or find help in tracking Eleanor down. There is no question what Kayla will choose.

Banks Still Face Challenges Ahead

Banks may have surplus capital and appear well insulated against declining asset quality, but deteriorating macro sentiment and low interest rates pose challenges. -Outlook for interest rates has become bearish for the banks. -Businesses reluctant to borrow and banks have funding surpluses. -Macro environment likely to drive sentiment on the...

Cash rate steady as housing remains ‘one of the few positive indicators’

CoreLogic Asia Pacific Research Director Tim Lawless has shared his reaction to the Reserve Bank of Australia maintaining their cash rate hold at 0.1 per cent. The RBA held the cash rate target at 10 basis points and maintained the interest rate on Exchange Settled balances at zero percent. The...

IFM, APRA, banks float in carbon cackle

IFM Investors, which has showcased its commitment to target net zero by 2050, has set a 2030 interim emissions reduction target of more than one million metric tons of CO2 for its infrastructure asset class. This reflects an emissions reduction target of 40 per cent of IFM’s existing infrastructure portfolio...

Australian regulator gives restricted licence to Avenue Bank

SYDNEY, Sept 7 (Reuters) - Australia’s banking regulator on Tuesday said it had granted Avenue Bank, a digital SME lender partly funded by Liberty Financial Group, a banking licence that would allow it to conduct limited operations. Avenue specialises in small business financing and in July it said it was...