Economic Development
Koss reaches settlement with Grant Thornton
Milwaukee-based Koss Corp. has settled the claims against its former auditor, Grant Thornton LLP, in the lawsuit pending in the Circuit Court of Cook County, Illinois, County Department, Law Division.
Money events
Pellmann, Drellos & Associates, s.c. will offer a free seminar, “See Me Now or See Me Later,” on Wednesday,...
BMO Harris to retain Mitchell space
BMO Harris Bank N.A. has submitted the only bid to operate a bank concession at General Mitchell International Airport in Milwaukee.
U.S. Bank moving Sussex branch
U.S. Bank announced it will move its Sussex office to N64W24857 Main St., the first free-standing branch it has opened in the Milwaukee market since 2011.
FDIC considering rule changes
The Federal Deposit Insurance Corporation board of directors is voting this morning on rule changes that could impact the country’s largest banks.
CIBM to acquire Illinois bank
Waukesha-based CIBM Bank plans to acquire certain assets and liabilities of Avenue Mortgage Corporation in Naperville, Ill.
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Lockton opens Milwaukee office
Insurance and employee benefits firm Lockton has opened an office in Milwaukee, at 250 E. Wisconsin Ave., 18th Floor.
BizTimes Mid-Year Economic Forecast: The ‘joyless recovery’
The U.S. stock market is building on record highs, the housing and automotive markets continue to recover, the banking industry has stabilized, gross domestic product continues to grow, the unemployment rate is falling and new jobs are being added every month.
Wisconsin banks solidify balance sheets
Wisconsin banks reported combined net income of $256 million in the first quarter, up from $200 million in the same period a year ago, according to the Quarterly Banking Profile released by the Federal Deposit Insurance Corp.
MMAC survey predicts modest growth
Milwaukee-area businesses expressed mixed results regarding economic prospects for 2013's third quarter, according to the latest Business Outlook Survey conducted by the Metropolitan Milwaukee Association of Commerce (MMAC). Expectations towards third quarter sales and profits improved over previous quarters while employment optimism fell slightly from second-quarter levels.
