Banking & Finance

Northern Trust Corp. announced it has received no objections from the Federal Reserve Board to its proposed 2013 capital plan.
 

Pewaukee-based Waterstone Mortgage Corp. has unveiled a new logo as part of a rebranding campaign.
 

Milwaukee-based ARI Network Services Inc., a provider of software and data solutions, announced it has entered into definitive agreements with investors in a private placement of $4.8 million of its common stock at a purchase price of $1.50 per share.

Company owners interested in learning more about the process and prospects of buying or selling businesses are invited to attend the annual BizTimes M&A Forum, which will take place Friday, May 3, at the Pfister Hotel in downtown Milwaukee from 7:30 to 11:30 a.m.

Pewaukee-based Waterstone Mortgage Corp. today unveiled a new logo as part of a new rebranding campaign.

Menomonee Falls-based Magnetek Inc. reported fourth quarter net income of $1.0 million, or 31 cents per share, down from $2.6 million, or 80 cents per share, in the same period a year ago.

Michael Crowley Jr., chief executive officer of Brown Deer-based Bank Mutual Corp., will retire into a non-executive chairman role on July 1, when Bank Mutual president Dave Baumgarten will become CEO. The company's board selected Baumgarten to join the bank as Crowley's successor in 2010. Since then, he has made quite a few changes at the company. Looking forward, Baumgarten says he plans to focus on making acquisitions. BizTimes Milwaukee reporter Molly Newman recently interviewed Baumgarten. The following are excerpts from that interview.

While current retirees have been able to largely rely on a safety net of Social Security, pensions and, in some cases, retiree health insurance, younger workers will have to take a much more proactive approach in planning their retirement income, according to Rebekah Barsch, vice president of market strategy at Northwestern Mutual Life Insurance Co.

With the Dow Jones Industrial Average reaching new record highs in recent weeks, some financial advisors have revised their outlooks to project a rosier view for the stock market for the rest of the year.

Many think of their business and personal wealth as one and the same, but in our opinion that is a risky approach to financial planning.