Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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‘Think Like a Banker’ in Foreclosure
Posted on February 27th, 2011 No comments“Don’t give up your home without a ‘good’ fight. We don’t mean tearing the house apart or suing the bank. We mean an intelligent battle during which you make the best financial decisions for your future,” writes Mark Balaban of the Manitowoc County Board of Realtors in a Manitowoc Herald Times Reporter column. -
Customers Are Key at Main St. Banks
Posted on February 4th, 2011 No comments“As a country we have gained new insights into the banking industry as a whole over the last several years, and the picture was less than favorable. If the consumer has learned anything it’s that there is a difference between Wall Street banking and Main Street banking. Exorbitant bonuses and treating customers like a number are not characteristics of community banking,” wrote Union State Bank President Jeffrey Kleiman and EVP Jim Lamack in a guest column in the Green Bay Post-Gazette. -
Letter: What About M&I Shareholders?
Posted on January 8th, 2011 No commentsM&I Bank’s leadership sold stock to BMO “for the greatly undervalued price of $7.75 [per share],” wrote Thomas J. Gitter, describing himself as an M&I shareholder, in a letter to the editor. “I was of the opinion that the bank was owned by the stockholders. It’s time to get a new board of directors whose fiduciary responsibility has the interest of the stockholders at heart,” he wrote to the Wisconsin State Journal. -
Feingold Praised for Opposing Bank Bill
Posted on December 30th, 2010 No commentsA letter to the editor praises former U.S. Sen. Russ Feingold for his opposition to the Gramm-Leach-Bliley Act, which “was a major factor in causing our current economic climate.” Read the letter in the Wisconsin State Journal. -
Bachus’ Leadership Questioned
Posted on December 27th, 2010 No comments“Banks and credit unions that operate prudently and treat their customers fairly — and most still that fit that definition — are indispensible to the functioning of the free market and the nation’s prosperity. … “[Congressman Spencer] Bachus and the campaign contributors he intends to service would lead us down [a] disastrous path once again,” reads an editorial in the Tomah Journal. -
M&I Deal ‘Will Hurt SE Wisconsin’
Posted on December 24th, 2010 No comments“As much as community leaders and Marshall & Ilsley Corp. officials want to put a positive spin on the sale of Wisconsin’s largest bank, the bottom line is the transaction will hurt southeast Wisconsin,” The Business Journal of Milwaukee wrote. -
Blog: M&I Execs ‘Defensive’
Posted on December 23rd, 2010 No comments“A brutal two-plus years for Marshall & Ilsley Corp. and its shareholders likely ended with the Dec. 17 news of the bank being sold, but many shareholders remain bitter and top executives remain defensive,” writes Rich Kirchen in The Business Journal’s BizTalk blog. -
Keep Legacy Bank Alive
Posted on December 18th, 2010 No comments“In the most trying times we have to stick together and we must have each other’s backs, and if that means investors in Milwaukee, WI, our nation, and around the globe are to pool financial resources and invest the capital it takes to keep Legacy Bank minority opened and minority operated (led by Jose Mantilla, Bank President) for everyone … please let’s do so,” said a letter to the editor in the Milwaukee Courier. -
Editorial: ‘Why We Don’t Cheer’
Posted on December 17th, 2010 No comments“One of Wisconsin’s oldest and most venerated corporate citizens, Marshall & Ilsley Corp., is being sold. And no matter how long the corporate publicity machines whir, they can’t change the nagging feeling that this deal is of questionable value for Milwaukee,” wrote the Milwaukee Journal-Sentinel in an editorial. -
Opinion: Discontinue Interest on Bank Reserves
Posted on November 22nd, 2010 No comments“If today’s Fed were serious about its desire to speed up the flow of money in our economy to counter deflationary pressures, it would discontinue the relatively new practice of paying interest on excess bank reserve deposits,” wrote a reader in a letter to the editor in the Milwaukee Journal Sentinel.