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Amcore Announces Cutbacks
Posted on April 28th, 2009 No commentsAfter its fifth consecutive quarterly loss, Amcore Financial of Rockford, Ill., has announced cost-reduction measures including elimination of 116 jobs, decreases in executive pay and an adjustment of branch hours, the Wisconsin State Journal reported.
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UWM Hosts Bank Watchdog Panel
Posted on April 28th, 2009 No commentsThe global financial crisis was both predictable and preventable, argues Harvard University law professor Elizabeth Warren. She is the outspoken chairwoman of the Warren chairs the Congressional Oversight Panel, which oversees the Treasury Department’s $700 billion effort to shore up American banks. The group met at the University of Wisconsin-Milwaukee to collect testimony examining whether the Treasury’s massive infusions have invigorated lending enough to trickle down to small businesses and consumers. Read more in the Milwaukee Journal Sentinel about the purpose of the meeting and business owners’ testimony.