Banking & Finance
MGIC absorbs higher losses
Milwaukee-based MGIC Investment Corp., the nation’s largest private mortgage insurer, today reported a fourth quarter net loss of $386.7 million, compared with a net loss of $135.3 million in the fourth quarter for fiscal 2011.
Waterstone Mortgage opens West Allis office
Waterstone Mortgage Corp. is expanding into the greater Milwaukee area with a new office in West Allis.
Former reporter to lead Wisconsin Angel Network
Dan Blake, project manager for a California electronic medical records installation at Epic Systems, will leave his post and join the Wisconsin Technology Council as the director of its Wisconsin Angel Network in mid-March.
BMO earnings dip in 1st quarter
BMO Harris Bank parent company BMO Financial Group today reported first quarter net income of $1.0 billion (Canadian) on a reported basis, down 5 percent from $1.2 billion a year ago.
Wisconsin bank income increases
Wisconsin banks reported net income of $839 million in the fourth quarter of 2012, up dramatically from $488 million in fourth quarter 2011, according to the Federal Deposit Insurance Corp.’s Quarterly Banking Profile today.
Bank Mutual CEO to retire
Michael Crowley Jr., chairman and CEO of Brown Deer-based Bank Mutual Corp., has informed the company's board of directors he will retire on July 1.
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U.S. Bank donates $611,000 to United Way of Greater Milwaukee
Minneapolis-based U.S. Bancorp announced that it donated more than $611,000 to United Way of Greater Milwaukee's 2012 fundraising campaign through employee contributions and corporate gifts.
Brady Corp. announces reorganization
Milwaukee-based Brady Corp. announced a net loss of $8.7 million for its fiscal second quarter, an improvement from a $90 million net loss from the previous fiscal second quarter.
County seeks to return unclaimed funds
Milwaukee County Treasurer Dan Diliberti is asking for the assistance of county residents to help locate the owners of more than $2 million in unclaimed funds.
BizTimes accepts nominations for business awards
Bold, dynamic and innovative companies and corporate leaders are invited to be nominated for the 2013 Bravo! Entrepreneur and IQ (Innovation Quotient) Awards.
