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Milwaukee Home Sales Fall 30%
Posted on December 10th, 2008 No commentsSales of existing homes in the four-county metropolitan Milwaukee area sank 30.5 percent in November 2008 compared with November 2007, according to the Wauwatosa-based Multiple Listing Service Inc. Read the Milwaukee Journal Sentinelstory.
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Market Rebound in Mid-2009?
Posted on December 9th, 2008 No commentsRobert W.Baird & Co. Inc. chief investment strategist Bruce Bittles said he expects the stock market to rebound and the economy to stabilize by the middle of 2009. Read more in the Small Business Times or the full report.
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M&I Signs on for FDIC Programs
Posted on December 9th, 2008 No commentsMilwaukee-based Marshall & Ilsley Corp. will take part in two of the FDIC’s Temporary Liquidity Guarantee Programs – the Debt Guarantee Program and the Transaction Account Guarantee Program, the Small Business Times reported.
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List Your Bank in Directory
Posted on December 9th, 2008 No commentsBizTimes Media LLC is collecting entries for its Access To Capital directory. The directory will include key information on financial service agencies such as banks, credit unions, leasing companies, M&A firms, private equity groups, accounting firms, law firms that offer financial services, venture capital and angel investing groups, valuation firms and leasing companies. There is no cost; information must be submitted by Jan. 14, 2009. See www.biztimes.com/capital.
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Freddie Mac Influence Came at a Cost
Posted on December 7th, 2008 No commentsInternal Freddie Mac budget records show $11.7 million was paid to 52 outside lobbyists and consultants in 2006, and power brokers such as former House Speaker Newt Gingrich were recruited with six-figure contracts, according to anAssociated Press analysis.
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Baylake Names President, COO
Posted on December 5th, 2008 No commentsJoseph L. Hoffmeyer has been named president and chief operating officer of Baylake Bank, based in Sturgeon Bay. Hoffmeyer will also be responsible for directing and managing the $1.1 billion bank’s Wealth Services Division, according to a news release.
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Refinancing Activity Rises
Posted on December 5th, 2008 No commentsMortgage refinancings surged over the past week at some southeast Wisconsin banks and mortgage lenders, thanks to interest rates at or near 5.5 percent for a 30-year fixed-rate mortgage, according to the Milwaukee Business Journal.
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Heinemann: Financial Rescue Necessary
Posted on December 3rd, 2008 No commentsState Department of Financial Institutions Secretary Lorrie Keating Heinemann says the national financial bailout plan was necessary. “Had we not acted, liquidity would have been seriously tightened,” she said in part 2 of an interview with Wisconsin Technology Network.
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Dane County Firms Pessimistic
Posted on December 3rd, 2008 No commentsMore than 40 percent of businesses in Dane County reported they were unable to meet or exceed expectations for 2008, a trend expected to continue in 2009, according to survey results released by First Business Bank, Madison, at its invitation-only First Business Economic Forum. Read the news release.
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Foreclosure Decline May Not Mean Much
Posted on December 3rd, 2008 No commentsForeclosure filings fell almost 18 percent in Wisconsin in November, but experts said to not read too much into the one-month decline. Read the Milwaukee Journal Sentinel article.