Viewpoints
Packers fund playground at Smith Park
A new playground was installed at Milwaukee’s Smith Park Tuesday, thanks to a team effort among the Milwaukee County Parks, United Way, the Green Bay Packers and the NFL.
Ease the regulatory burden on community banks
Editor’s note: Congresswoman Gwen Moore (D-Milwaukee) submitted a letter to U.S. banking regulators on behalf of a bipartisan coalition of members of Congress from the Wisconsin delegation asking regulators to consider a scaled approach to the implementation of Basel III banking regulations for small and community banks. Moore’s letter received the support of U.S. Reps. Sean Duffy, Ron Kind, Tom Petri, Reid Ribble and Jim Sensenbrenner. The letter was sent Federal Reserve System Chairman Ben Bernanke, Federal Deposit Insurance Corp. Acting Chairman Marin Gruenberg and Office of the Comptroller of the Currency Tom Curry. The letter reads as follows:
Fair Housing Council files complaint
The Metropolitan Milwaukee Fair Housing Council today filed a complaint with the U.S. Department of Housing and Urban Development alleging housing discrimination by Bank of America.
Johnson Controls to acquire assets of bankrupt company
Glendale-based Johnson Controls Inc. has entered into an agreement to purchase the automotive business assets of A123 Systems Inc., a Waltham, Mass., company that has filed for bankruptcy protection.
Seek Careers acquires Minnesota firm
Grafton-based Seek Careers/Staffing Inc. has acquired Minnesota-based Brigham Group Staffing.
U.S. Bank caps record quarter
Minneapolis-based U.S. Bancorp, which operates U.S. Bank branches in Wisconsin, reported record third quarter net income of $1.4 billion, or 74 cents per share, up from $1.3 billion, or 64 cents per share, in the same period a year ago.
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Net income rises at Northern Trust
Chicago-based Northern Trust Corp., which operates a Northern Trust Bank branch in downtown Milwaukee, reported third quarter net income of $178.8 million, or 73 cents per share, up from $170.4 million, or 70 cents per share, in the same period a year ago.
Associated Bank to close 12 branches
Associated Bank, a division of Associated Banc-Corp, announced it will close 12 retail branches in Wisconsin and Illinois to enhance efficiency in its branch network.
Foreign currency rates clip ManpowerGroup
Milwaukee based ManpowerGroup reported third quarter net earnings of $63.1 million, or 79 cents per share, down from $79.6 million, or 97 cents per share, in the same period a year ago.
BMO completes integration of Harris and M&I
BMO Financial Group announced it has completed the integration of the personal, commercial and wealth operating systems of Harris Bank and M&I Bank.
