Banking & Finance

Milwaukee futurist Bob Chernow is predicting that the U.S. banking industry is on course for the “next collapse.”

An affiliate of Phoenix Investors LLC, an investment firm specializing in repositioning large former single-tenant industrial facilities, has acquired two Milwaukee group homes formerly owned by affiliates of New Horizon Center Inc.

Bankers have little sense of history. For most, their view of the future is myopic.

Westbury Bancorp, Inc., based in West Bend, has named Greg Remus president of the company and its subsidiary, Westbury Bank.

Commerce State Bank officially recently opened a new branch in Cedarburg.

Milwaukee-based global investment management firm Artisan Partners announced it will open a new office in Sydney, Australia.

The common shares for the stock of Associated Banc-corp. began trading on the New York Stock Exchange today for the first time.

Milwaukee-based Joy Global Inc. reported fourth quarter net income of $136.9 million, or $1.38 per share, up from $26.8 million, or 25 cents per share, in the fourth quarter of 2013.

Milwaukee-based Actuant Corp. reported fiscal 2015 first quarter net earnings of $24.7 million, or 38 cents per share, down from $36.0 million, or 48 cents per share, in the first quarter of 2014.

Milwaukee-based The Marcus Corp. reported fiscal 2015 second quarter net earnings of $5.4 million, or 19 cents per share, up from $3.5 million, or 12 cents per share, in the second quarter of 2014.