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Catholic Financial Life to Introduce New Benefits
Posted on June 30th, 2010 No commentsThe board of the merged Catholic Knights/Catholic Family Life Insurance has chosen Catholic Financial Life as the new name of the Milwaukee fraternal benefits organization. Catholic Financial Life said it will announce a new portfolio of insurance and financial products and enhanced member benefits this fall, according to The Business Journal of Milwaukee.
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Chase Lowers Rate for Businesses That Hire
Posted on June 30th, 2010 No commentsJPMorgan Chase & Co. is lowering the interest rates for small businesses by 0.5 percent on a new business line of credit for each new employee hired, up to three, for the life of the loan, the company said in a news release. Read more in The Business Journal of Milwaukee. -
Fiserv Announces New Software
Posted on June 29th, 2010 No commentsFiserv Inc. introduced its new BancStudy Consumer Deposits, software that will help banks segment and analyze their current customer base to develop effective strategies to drive deposit growth. Read more in the Small Business Times of Milwaukee. -
Feingold to Vote Against Reform Bill
Posted on June 29th, 2010 No commentsU.S. Sen Russ Feingold (D-Wis.) said he will vote against the financial regulatory reform bill as now constituted. During debate on the bill, Feingold said he supported several efforts “to break up ‘too big to fail’ Wall Street banks and restore the proven safeguards established after the Great Depression separating Main Street banks from big Wall Street firms.” However, he said those proposals didn’t make it to the bill before Congress. Read more in The Business Journal of Milwaukee. -
Menards Looking at In-Store Banks
Posted on June 29th, 2010 No commentsThe Eau Claire-based operator of the Menards home improvement chain has signed an agreement with IBT Enterprises of Atlanta through which IBT will identify potential bank or retail partners to co-locate within Menards stores, The Business Journal of Milwaukee reported. -
Wells Rolls Out New Mobile Banking Apps
Posted on June 29th, 2010 No commentsWells Fargo & Co. has launched a set of new mobile-banking applications for Android, BlackBerry and Palm devices. Customers can access their account balances, transaction history and credit-card payment information, transfer funds, pay bills and locate the bank’s nearest branch or ATM. Read more in The Business Journal of Milwaukee. -
Freddie Chooses Milwaukee for Program
Posted on June 28th, 2010 No commentsThe Federal Home Loan Mortgage Corp. has chosen Milwaukee to pilot a new media campaign designed to help homeowners facing foreclosure and to assist those who want to buy a home, Mayor Tom Barrett said. The program and website is called “Take Root Milwaukee” and also includes a hot line, (414) 921-4149, the Milwaukee Journal Sentinel reported. -
No TARP Payments Coming from Anchor, Ridgestone
Posted on June 27th, 2010 No commentsThe parent companies of Madison’s AnchorBank and Brookfield’s Ridgestone Bank are among more than 90 banking firms nationwide that haven’t been paying quarterly dividends on TARP funds they received from the U.S. Treasury, the Milwaukee Journal Sentinel reported. -
911 Mixup Hinders Response to Robbery
Posted on June 26th, 2010 No commentsA man got away with an undisclosed amount of money in a credit union robbery on Madison’s Far East Side. Due to a mixup at the Dane County 911 center, it had taken authorities 20 minutes to respond, the Wisconsin State Journal reported.
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Developer Sentenced in Bank Fraud
Posted on June 26th, 2010 No commentsA Jefferson developer has been sentenced to five years in prison for bank fraud. Brian S. Johnson, 52, was sentenced for defrauding Evergreen State Bank of Stoughton of $3.9 million by taking out loans under false pretenses, according to the Wisconsin State Journal.