Banking & Finance

Wisconsin banks reported net income of $614 million in the first half of the year, up from $471 million in the first half of 2014, according to the Quarterly Banking Profile released today by the Federal Deposit Insurance Corp.

Wauwatosa-based WaterStone Bank has hired two new community presidents, to lead its new Greenfield and Fox Point branches.

Racine-based Johnson Financial Group has named Brian Andrew, CFA, chief investment officer.

Glendale-based Johnson Controls Inc. has completed the sale of its Global Workplace Solutions segment to CBRE Group.

Amherst, N.Y.-based Columbus McKinnon Corp., a material handling products manufacturer, has completed its acquisition of Menomonee Falls-based Magnetek Inc.

Baird Funds, a division of Milwaukee-based Robert W. Baird & Co. Inc., has launched two new municipal bond funds.

A West Allis alderman is asking the city for a fiscal impact analysis of Wisconsin State Fair so he can better understand the total costs to taxpayers during the annual event.

Stock traders are reeling from one of the most turbulent market moves in history, after a record-breaking collapse on Monday followed by rallies that were nearly as intense. Although some analysts fear volatile markets, others recognize that volatility brings larger rewards along with larger risks.

Dallas-based mortgage servicing firm Nationstar Mortgage Holdings Inc. will provide up to $30 million in mortgage modifications to help financially-strapped Milwaukee residents keep their homes, under a partnership agreement announced today by city officials.

Milwaukee-based Therapy Plus has been acquired by Exton, Pa.-based Physiotherapy Corp.