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Economic Uncertainty Plagues State
Posted on December 20th, 2008 No commentsEven though the state’s financial industry has fared better than that of the rest of the nation, Wisconsin banks saw profits dip 72 percent in the most recent quarter. Yet some are continuing to thrive in spite of the tougher climate. Park Bank of Madison saw its profits rise by 12.8 percent last quarter and has applied for a possible sale of between $7 million and $21 million in stock to the Treasury to keep making new loans here, President and CEO Jim Hegenbarth said in the Wisconsin State Journal.
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Colleges Monitor Financial Aid Needs
Posted on December 20th, 2008 No commentsDespite the alarm about volatile credit markets, financial aid directors at Madison-area colleges and universities say they haven’t heard from many students who can’t get loans to cover college costs. Although some banks are no longer offering alternative student loans, students have been able to turn to other financial institutions, like credit unions, a University of Wisconsin-Madison financial aid director said in the Wisconsin State Journal.