-
MGIC to Launch New Subsidiary
Posted on July 16th, 2009 No commentsMortgage Guaranty Insurance Corp. will contribute up to $1 billion to a wholly owned subsidiary to write new mortgage guaranty insurance, the Business Journal of Milwaukee reported. The subsidiary, known as MGIC Indemnity Corp., will write new business starting Jan. 1, 2010, the company said.
-
Chase Profits Up Despite Credit Losses
Posted on July 16th, 2009 No commentsStrong performance in key divisions helped power JPMorgan Chase & Co., operator of Chase bank, to a 36 percent jump in second-quarter profit, even as its provision for credit losses doubled, the Business Journal of Milwaukee reported.
-
CIB Marine Plans Expedited Chapter 11
Posted on July 16th, 2009 No commentsBank holding company CIB Marine Bancshares Inc., which runs Marine Bank in metro Milwaukee, is planning a pre-packaged Chapter 11 reorganization, according to the Business Journal of Milwaukee.
-
Madison-Area Foreclosures Up 91% from ’08
Posted on July 16th, 2009 No commentsLocal foreclosure filings were up 52 percent from May to June in the three-county Madison metropolitan area of Dane, Columbia and Iowa Counties, with 338 filings in June compared to 222 in May. That’s a 91 percent increase from year to year, the Capital Times reported.
-
Associated Reports $24.7M Loss
Posted on July 16th, 2009 No commentsAssociated Banc-Corp lost $24.7 million in the second quarter as loan losses rose, the Milwaukee Journal Sentinel reported.