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Cap Times: ‘Too big to fail? Break ‘em up’
Posted on September 30th, 2009 No commentsThe Madison-based Center for Media and Democracy recently gave its first-ever “Golden Throne Award” to the president and CEO of the American Bankers Association, Edward Yingling. “The Golden Throne, you see, is more like a that-really-takes-a-lot-of-chutzpah award — as in the big bankers nearly bankrupting the American economy and now spending big bucks lobbying to convince Congress that it shouldn’t enact tighter regulation,” writes Dave Zwiefel of The Capital Times.
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Checking Account Fees Rising, Study Says
Posted on September 30th, 2009 No commentsThe fees associated with checking accounts have risen this year to an all-time high, according to new study Bankrate.com, the Business Times of Milwaukee reported.
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Business Operators Sentenced for Mortgage Fraud
Posted on September 30th, 2009 No commentsThe operators of the West Bend, Wis., development firm Laufer Builders Inc. and Pewaukee mortgage company All American Mortgage Inc. have been sentenced in federal court to imprisonment for their roles in a mortgage fraud scheme, the Business Journal of Milwaukee reported.
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Kuehn Elected CBW Chairman
Posted on September 30th, 2009 No commentsRussel Kuehn, chairman of First National Bank in Berlin, Wis., has been elected chairman of the Community Bankers of Wisconsin for 2009-’10. CBW represents 210 community banks with about 900 branches in the state’s small towns, rural areas, suburbs and cities, as reported in the Milwaukee Journal Sentinel.
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TARP Fuels Lending for Securant
Posted on September 29th, 2009 No commentsSince acquiring $5.1 million in TARP funds, Menomonee Falls-based Securant Bank & Trust has increased lending by 15 percent. It has also expanded its assets under management to $252 million, an 18 percent increase since the start of the year, the Milwaukee Small Business Times reported.
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M&I Extends Foreclosure Moratorium
Posted on September 28th, 2009 No commentsMarshall & Ilsley Corp. has extended its foreclosure moratorium an additional 90 days through Dec. 31. The initial moratorium, announced on Dec. 18, 2008, was on all owner-occupied residential loans for customers who agree to work “in good faith” to reach a successful repayment agreement. Read more in the Business Journal of Milwaukee.
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Financial Analyst Among Top Jobs for Grads
Posted on September 28th, 2009 No commentsGraduates of the college class of 2009 are most likely to be offered jobs as teachers and management trainees and in financial/treasury analysis and consulting, a new salary survey report found. The average starting salary for financial/treasury analysis was $52,043, the Business Journal of Milwaukee reported.
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Fiserv Sells Loan Fulfillment Subsidiary
Posted on September 28th, 2009 No commentsFiserv Inc., the Brookfield provider of provider of bank data processing and electronic bill payment service, has agreed to sell its Loan Fulfillment Solutions business to ISGN Solutions Inc., a subsidiary of ISGN Corp. of Bensalem, Pa., according to the Milwaukee Journal Sentinel.
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S&P Drops Metavante from Index
Posted on September 28th, 2009 No commentsAs Metavante Technologies Inc. prepares for the scheduled Oct. 1 closing of its sale to Fidelity National Information Services Inc., Standard & Poor’s Index Services has announced that it will drop Metavante from the S&P Midcap 400 Index, according to the Business Journal of Milwaukee.
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Associated’s OOBA Will Fight Fraud
Posted on September 25th, 2009 No commentsAssociated Bank says out-of-band authentication, or OOBA, will offer business banking customers additional protection from fraud attacks during live online banking sessions. Read more in the Business Journal of Milwaukee.