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Minneapolis Fed Exec Talks About Recovery
Posted on January 11th, 2011 No commentsAmerican companies will produce more goods and services this year than in 2010; employment will be slow to recover through 2012; and “two major headwinds” challenge the economy, said Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis. He spoke at the annual Wisconsin Economic Forecast Luncheon, sponsored by the Wisconsin Bankers Association. Read the articles in the Wisconsin State Journal and the Business Journal. -
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. -
Cleveland Banker Honored for Financial Ed.
Posted on October 3rd, 2010 No commentsCynthia Roeck of Cleveland State Bank has earned the Banker Award, Teach Children to Save Day Award, and a certificate of excellence from the Wisconsin Bankers Association’s State Bankers Promoting Financial Literacy program, according to the Manitowoc Herald Times-Reporter.
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Challenging CUs’ Tax Exemption
Posted on September 5th, 2010 No commentsAmid the worst recession in a generation, the banking industry is again challenging the tax-exempt status of credit unions, according to the Wisconsin State Journal.
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‘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. -
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. -
WBA: New Scam Targets Cell Phones
Posted on April 30th, 2010 No commentsWisconsin consumers need to be prepared for the possibility of a phone scam targeting cell phone users, the Wisconsin Bankers Association (WBA) said in a press release on WisBusiness.com. The calls don’t refer to a specific bank, but the recorded message says that the customer’s account has been compromised. The message then asks the person to input his or her debit card number.
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Madison-Area Banks Listed by Ratings
Posted on April 10th, 2010 No commentsIn Wisconsin, 14 financial institutions received TheStreet.com ratings of A- or higher at the end of 2009, down from 25 a year earlier. Fifteen were given an E+ or lower, compared to four, for the 2008 fourth quarter. “We don’t put a lot of credence into these (ratings). We see these as fundamentally flawed,” Kurt Bauer, president and chief executive officer of the Wisconsin Bankers Association, told the Wisconsin State Journal article. Read the article.
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WBA Economic Forecast: Slow Growth Ahead
Posted on January 14th, 2010 No commentsWhile the economy should grow at a rate of about 3 percent, most of the major gains to be had from the stock market rebound already have occurred, University of Wisconsin-Madison Business School Dean Michael Knetter told about 500 business people gathered for the annual Wisconsin Bankers Association (WBA) Economic Forecast Luncheon at the Monona Terrace Convention Center. Read more in the Milwaukee Journal Sentinel.
Other articles:
Wisconsin State Journal
Milwaukee Business Journal
WisBusiness.com
Wisconsin Radio Network -
Bill Would Expand Access to Capital
Posted on January 10th, 2010 No commentsState Rep. Ted Zigmunt, D-Francis Creek, is among co-authors of Assembly Bill 532, which creates a program called the Wisconsin Capital Access Program. The bill aims to expand access to credit for businesses in Wisconsin, reported the Manitwoc Herald Times Reporter. The Community Bankers of Wisconsin and the Wisconsin Bankers Association support the bill.