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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U.S. Bancorp Opts Out of TARP
Posted on June 17th, 2009 No commentsU.S. Bancorp announced it has returned the $6.6 billion in Troubled Asset Relief Program money, according to the Business Journal of Milwaukee.
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Credit Ratings Lowered
Posted on June 17th, 2009 No commentsAssociated Banc-Corp was among 18 regional banks nationwide to have their credit ratings lowered by Standard & Poor’s Ratings Services, the Milwaukee Journal Sentinel reported.
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M&I Raises $552M in Stock Offering
Posted on June 17th, 2009 No commentsA common stock offering raised $552 million for Marshall & Ilsley Corp., the Milwaukee Journal Sentinel reported. M&I said it intends to use the proceeds for general corporate purposes and may contribute some of the capital to its subsidiaries. It also may use all or some of the money toward repaying the U.S. Treasury’s $1.7 billion investment in the bank.