-
Many Encouraging Signs Indicate Recovery
Posted on April 16th, 2010 No comments“Make no mistake, we are recovering. Most of the latest macro-economic numbers are encouraging,” according to the Small Business Times of Milwaukee in an analysis of 10 business sectors that are showing improvement.
-
‘People Don’t Buy Numbers, They Buy Feelings’
Posted on April 16th, 2010 No comments“Behavioral finance recognizes that people don’t buy numbers, they buy feelings. Studies have shown that investors feel more than double the pain when their portfolio loses value, versus the joy they feel when the portfolio increases by that same amount,” writes Dave Massart, president of Wauwatosa, Wis.-based Next Generation Wealth Management, Inc., in the Small Business Times of Milwaukee.
-
Q1 Wisconsin Bankruptcies Up 20%
Posted on April 15th, 2010 No commentsBankruptcy filings in Wisconsin rose more than 20 percent from January through March, with 6,135 petitions filed, compared with 5,104 for the same quarter a year ago, the Milwaukee Journal Sentinel reported.
-
Profits Decline 71% for Bank Mutual
Posted on April 15th, 2010 No commentsProfits fell almost 71 percent in the first quarter, to $2.1 million, for the Brown Deer, Wis.-based Bank Mutual Corp. as interest income declined and the bank continued to have higher-than-normal loan delinquencies, the Milwaukee Journal Sentinel reported.
-
JP Morgan Chase Reports Earnings Jump
Posted on April 14th, 2010 No commentsGains in its investment banking operations helped JPMorgan Chase & Co., the bank with the third-largest deposit market share in the Milwaukee area, to a double-digit earnings jump for its first quarter, beating expectations, according to the Business Journal of Milwaukee.
-
Securant Bank Execs Tout iPhones in Video
Posted on April 13th, 2010 No commentsApple’s web site is now featuring a two-minute video highlighting how the president, IT manager and marketing managers of Menomonee Falls, Wis.-based Securant Bank & Trust executives use their iPhones to run some of the bank’s functions when they can’t be in the office, the Small Business Times of Milwaukee reports.
-
Banks Develop Opt-In Overdraft Programs
Posted on April 13th, 2010 No commentsAssociated Bank, Bank Mutual and U.S. Bank are now working to develop opt-in overdraft programs by the July 1 deadline. Last November, the Federal Reserve Board ruled that financial institutions may no longer charge customers fees for overdrafts on one-time debit card purchases and ATM withdrawals unless the customer consents to an overdraft service. Read more in the Small Business Times of Milwaukee.
-
Treasury Auctioning TARP Warrants
Posted on April 13th, 2010 No commentsThe U.S. Treasury Department plans to auction warrant positions in PNC Financial Services Group Inc., Wells Fargo & Co. and four other financial institutions that received government investments through the Troubled Asset Relief Program’s (TARP) Capital Purchase Program. The warrants will be sold over the next six weeks via public offerings. Read more in the Business Journal of Milwaukee.
-
Anchor Seeking Another Option
Posted on April 11th, 2010 No commentsNow that a plan to recapitalize Anchor Bank has fallen through, the state’s fourth-biggest bank is back to the drawing board. Anchor is working with a Wall Street firm to try to find a new investment deal, a buyer or other ways to raise capital, according to the Milwaukee Journal Sentinel.
-
Customer Webinar Focuses on Rate Risk
Posted on April 11th, 2010 No commentsAssociated Bank is holding a free webinar, “Managing Interest Rate Risk in a Rising Rate Environment,” from 8:30 to 9:30 a.m. April 13. The session will provide business leaders with information about how to set business strategy in the complicated interest rate environment, according to a listing in the Appleton Post Crescent.