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Years of Slow Growth Ahead?
Posted on May 7th, 2009 No commentsThe U.S. economy appears doomed to an enduring episode of unimpressive growth, according to USA Today. “Instead of expanding at an annual rate of roughly 3 percent to 3.5 percent without igniting inflation, as it could in the years before the crisis, the U.S. appears capable of growing no faster than 2 percent to 2.5 percent,” the newspaper reported.
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SBA Lending Up in April
Posted on May 7th, 2009 No commentsThe U.S. Small Business Administration guaranteed 148 loans in Wisconsin totaling $27 million in April, up 30 percent from $20.7 million in March. However, the total was far below the $40.9 million lent in April 2008. Read more in the Milwaukee Journal Sentinel.
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Horicon Bank Accepts TARP Funds
Posted on May 7th, 2009 No commentsThe parent company of Horicon Bank plans to accept a $13.6 million capital investment from the U.S. Treasury, the Milwaukee Journal Sentinel reported. Horicon Bank, with assets of $500 million, has branches in Dodge, Fond du Lac, Outagamie, Washington and Winnebago counties.
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M&I Unit Fined Over Securities Sales
Posted on May 7th, 2009 No commentsM&I Financial Advisors Inc. of Milwaukee is among a growing number of firms that have settled with the Financial Industry Regulatory Authority, the investment industry’s self-regulating agency, to resolve concerns about the sale of auction-rate securities, according to the Milwaukee Journal Sentinel.