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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MGIC Seeks Approval for New Subsidiary
Posted on May 14th, 2009 No commentsMGIC Investment Corp. is hoping to win regulatory approval for a plan that would allow it to write new business through a subsidiary while the parent company deals with delinquencies and losses from the ongoing housing slump, Chairman Curt S. Culver told shareholders. Read the Milwaukee Journal Sentinel article.
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M&I Sues Guaranty Over Loan Collateral
Posted on May 14th, 2009 No commentsM&I Bank is suing the holding company of Guaranty Bank over what M&I contends was the devaluing of collateral on a $50 million loan made years ago to Guaranty, the Milwaukee Journal Sentinel reported.