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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Survey: Wis. Businesses Expect Increases
Posted on January 13th, 2011 No commentsAt least 49 percent of businesses throughout Wisconsin predict increased revenue, profitability and wages for 2011. Additionally, 47 percent of companies forecast increasing operating costs for 2011, according to the First Business Economic Survey, sponsored by First Business Bank and conducted by the UW-Madison Business School. Read the bank’s press release on WisBusiness.com. -
Banker Survey Finds Some Optimism
Posted on January 7th, 2011 No commentsSeventy-six percent of the 106 executives who completed the Wisconsin Bankers Association semiannual Bank CEO Economic Conditions Survey said the state’s economy has “hit bottom” and is improving. That is up from 56 percent six months ago and a reversal from a year ago when 70 percent said the Wisconsin economy was “still weakening,” The Business Journal reported. -
Businesses Not Meeting Expectations
Posted on December 15th, 2010 No commentsThe First Business Economic Survey of Milwaukee and Waukesha Counties, sponsored by First Business Bank and Carroll University and conducted by the A.C. Nielsen Center for Marketing Research at the University of Wisconsin-Madison School of Business, showed that 48 percent of businesses did not meet self-imposed expectations for 2010. Read more in The Daily Reporter. -
Dane County Businesses: Economy Improving
Posted on December 9th, 2010 No commentsThe 2010 First Business Economic Survey shows positive numbers for the economy in Dane County. Statistics show that while the business climate is improving, it still has not fully recovered from the economic downturn. In the 2010 survey, 42 percent of businesses reported increasing revenue over the previous year, compared with only 28 percent in the 2009 survey, according to Channel3000.com. -
Survey: Most in Wis. Have No Savings
Posted on December 9th, 2010 No commentsMore than half of Wisconsin residents are living paycheck-to-paycheck and have no “rainy day” fund that would cover thee months of unanticipated financial emergencies, according to a recently released FINRA survey. Read the Milwaukee Journal Sentinel story.
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Consumer Survey Results Released
Posted on November 7th, 2010 No commentsWhat’s the average credit card debt total per household in the United States? It’s $15,788, according to the 2010 Survey of Consumer Payment Choice of the Federal Reserve Bank of Boston. The average credit score? 692. Read more interesting facts from the report in a Sheboygan Press column. -
Small Biz Owners Expect Rebound in 2011
Posted on July 29th, 2010 No commentsAn annual survey by U.S. Bank found that 86 percent of Milwaukee-area small business owners believe the U.S. economy is still in a recession, compared with 89 percent of small-business owners nationwide. Just more than half of local business owners expect to see an improvement in sales in 2011. Read more in the Milwaukee Journal Sentinel. -
WBA Economic Survey Results Released
Posted on July 12th, 2010 No commentsIn a semiannual poll of bank chief executives by the Wisconsin Bankers Association, 56 percent believe that state’s economy hit bottom and will begin to improve. However, 44 percent still think the economy is weakening. The majority – 96 percent – rated the current state economic conditions as fair or poor. Read more in the Milwaukee Journal Sentinel and the Small Business Times of Milwaukee. -
Bankers Show Strong Interest in Acquisitions
Posted on February 2nd, 2010 No commentsMore than 62 percent of bank executives are interested in acquiring a failed bank, and 42 percent are interested in bidding on failed bank assets or deposits, Grant Thornton reported from its 17th Bank Executive Survey. Read more in the Business Journal.
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Most Savers Kept Money in 401(k)s
Posted on January 21st, 2010 No commentsOf more than 1,100 plan participants polled by Francis Investment Counsel LLC between July and December, 68 percent had not changed their 401(k) accounts in response to the financial crisis. Of the 32 percent that changed their 401(k)s, 18 percent reduced the amount contributed or stopped saving completely, the Milwaukee Journal Sentinel reported.