Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Guaranty Issued Cease and Desist Order
Posted on March 17th, 2009 No commentsThe Office of Thrift Supervision has issued a cease and desist order against Milwaukee-based Guaranty Bank. The bank’s board must approve a plan to reduce its levels of poorly performing assets by mid-May, the Milwaukee Small Business Times reported.
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State Selling Bonds to Individuals First
Posted on March 17th, 2009 No commentsThe state began a bond offering in which individual investors can add Wisconsin bonds to their portfolio at an attractive yield two days before the sale is opened up to large players such as insurance companies and pension funds. The state is taking the bond issue to “retail” investors first because turmoil in the financial markets has hurt large investors that typically would buy such bonds, according to the Milwaukee Journal Sentinel.