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Posted on February 23rd, 2011
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Milwaukee-based M&I Bank announced it is eliminating 143 jobs corporate wide, or 1.6 percent of its total workforce. Fifteen of the eliminated positions were based in southeastern Wisconsin. The affected positions ranged from internal support to management-level employees, the Small Business Times reported.
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Posted on February 22nd, 2011
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The parent company of Tri City National Bank reported a drop of nearly 89 percent in earnings for the fourth quarter, but the comparison with the year-ago quarter was greatly skewed by a gain related to the bank’s acquisition of a failed bank in Racine, according to the Milwaukee Journal Sentinel.
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Posted on February 22nd, 2011
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Seven people gathered at an M&I bank branch at 5101 Spring St., Racine, to protest Gov. Scott Walker’s budget repair bill. The protesters handed out flyers claiming that bank employees had donated to Walker’s campaign at a time when the bank still had not repaid $1.7 billion in TARP funds. Read the story in the Racine Journal Times.
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Posted on February 21st, 2011
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Wells Fargo, which holds the sixth-largest deposit market share in the Milwaukee area, now serves one-third of the nation’s households, 10 percent of its small businesses and 70 percent of the Fortune 500 – all reasons why it could someday be the country’s largest bank, according to a Business Journal article.
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Posted on February 20th, 2011
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Posted on February 20th, 2011
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Posted on February 19th, 2011
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At the request of Gov. Scott Walker, former state Sen. Ted Kanavas is taking the lead in developing a venture capital fund for Wisconsin. Saying the creation of such a fund would contribute significantly to Walker’s goal of creating 250,000 jobs, his staff is laying out an aggressive schedule that would have venture dollars being invested in high-potential, entrepreneurial companies by July 1, according to a memo. Read the Milwaukee Journal Sentinel story.
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Posted on February 19th, 2011
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Having fought their way through a bruising economic downturn, some businesses in Wisconsin are now facing another fight, this one involving skyrocketing costs for the materials that go into the products they make. The price pressure is a symptom of inflation, and there are several examples of how it’s impacting Wisconsin manufacturers, according to the Milwaukee Journal Sentinel.
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Posted on February 19th, 2011
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Wisconsin business leaders support Gov. Scott Walker’s proposals to reduce state worker benefits, even if it means weakening bargaining rights for public trade unions in the process, the Milwaukee Journal Sentinel reported. The state’s biggest pro-business lobby, Wisconsin Manufacturers & Commerce, called Walker’s proposals “modest.”
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Posted on February 18th, 2011
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With the song “The Best Things in Life Are Free” playing, Patrick Combs now makes a living telling the story of how he (almost) got away with cashing a bogus check for $95,000. He’ll be performing his two-hour show “Man 1, Bank 0” at the Ringling Theater. Read the Portage Daily Register story.
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