Banking & Finance
Associated Bank to consolidate branches
Associated Banc-Corp announced it will consolidate eight branches in Wisconsin and Illinois.
Milwaukee Biz Blog: Challenges and opportunities for banks and consumers
Regulation going into effect Jan. 1, 2014 in regards to residential mortgage lending is limiting banks' creativity and innovation on product offerings which in the end hurts consumers. If community banks feel it is only “safe” to offer “vanilla” products, then there won't be as many options for consumers, especially those who may not qualify for a conventional 30-year fixed rate mortgage.
New hires and promotions
Allison Cimpl-Weimer has been named vice president, associate counsel at Associated Bank in Milwaukee. She will provide legal support...
Arzbaecher adopts plan to sell his Actuant stock
Menomonee Falls-based Actuant Corp. has announced that chief executive officer (CEO) Robert Arzbaecher has adopted a pre-arranged plan to sell some of his stock in the company as his resignation goes into effect.
Challenges and opportunities for banks and consumers
Regulation going into effect Jan. 1, 2014 in regards to residential mortgage lending is limiting banks' creativity and innovation on product offerings which in the end hurts consumers. If community banks feel it is only “safe” to offer “vanilla” products, then there won't be as many options for consumers, especially those who may not qualify for a conventional 30-year fixed rate mortgage.
Fed decides not to ‘taper’
In a move that surprised most market participants, the Federal Reserve Board recently voted 9-1 to maintain its $85 billion asset purchase program.
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BuySeasons to be spun off
Englewood, Colo.-based Liberty Interactive Corp. said today that it would spin off its stakes in travel website TripAdvisor Inc. and New Berlin-based online retailer BuySeasons into a new publicly-traded company known as Liberty TripAdvisor Holdings.
Arzbaecher adopts plan to sell his Actuant stock
Menomonee Falls-based Actuant Corp. today announced that chief executive officer (CEO) Robert Arzbaecher has adopted a pre-arranged plan to sell some of his stock in the company as his resignation goes into effect.
QuadMed acquires Indianapolis company
Sussex-based QuadMed LLC has entered into a definitive agreement to acquire Novia CareClinics LLC of Indianapolis in a merger of two innovators in employer-sponsored health care management solutions and on-site primary care.
Schott to head Northwestern Mutual compliance
Sarah Schott has been promoted to executive officer, vice president and chief compliance officer at Northwestern Mutual. She will lead the compliance/best practices department.
