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Dodd-Frank to Increase Bank M&A
Posted on February 16th, 2011 No commentsLook for more bank mergers and acquisitions in Wisconsin and elsewhere as the Dodd-Frank act takes hold and bank boards try to manage the resulting higher costs and lower fee income, said Sharon Stark, a managing director with Sterne Agee in Birmingham, Ala., at a CFA Society of Milwaukee luncheon. Read more in The Business Journal. -
Federal Regulations Hinder Small Banks
Posted on January 20th, 2011 No commentsSome community banks in Wisconsin say new federal regulations are weighing them down. Eric Nottlestad is the vice president for Citizens First Bank in Viola. He says smaller banks are struggling to keep up with new regulations largely intended for Wall Street banks and other major institutions. Read more in the Pierce County Herald. -
‘Credit Vise’ Affects Milwaukee-Area Companies
Posted on July 19th, 2010 No commentsTwo Milwaukee-based companies “are among many caught in a credit vise that continues to squeeze small businesses that use bank loans to fund everything from machinery purchases to building expansions.” But Rose Oswald Poels of the Wisconsin Bankers Association said bank regulators aren’t leaving banks much leeway. Read the Milwaukee Journal Sentinel story. -
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. -
WBA: Financial Reform Bill Needs Work
Posted on May 21st, 2010 No commentsThe financial regulatory reform overhaul passed by the U.S. Senate yesterday fails to address the root causes of the housing collapse and subsequent financial crisis, according to the Wisconsin Bankers Association in a news release posted on WisBusiness.com.
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Bankers Hope Regulators Ease Policies
Posted on February 8th, 2010 No commentsAfter a joint statement from federal regulators on small business lending, Wisconsin bankers said they are hopeful, but not confident, that regulators will ease policies that discourage lending to small businesses. Read more in the Milwaukee Journal Sentinel.
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Wis. Banks Safe and Sound
Posted on January 23rd, 2009 No commentsThe banking industry is one of the most highly regulated industries with very complex, technical rules that must be followed. While the industry as a whole is facing challenging times as a result of the current economy, the banks in Wisconsin as a whole are strong, wrote Rose Oswald Poels of the Wisconsin Bankers Association in aSmall Business Times opinion column.