Wisconsin Banking Update
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Anchor to Cut Expenses Amid Regulatory Concerns
Posted on June 26th, 2009 No commentsMadison-based Anchor BanCorp Wisconsin Inc. is under orders by regulators to improve its performance and is cutting expenses by at least 6 percent. The company had a net loss of $43.3 million in the quarter ended March 31 as the bank was forced to greatly increase its reserves to cover potentially bad debt, according to the Milwaukee Journal Sentinel.
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