Banking & Finance

Risk assessment and asset protection

After months of worrying about the “fiscal cliff,” financial advisors are again focusing on risk assessment. Risk assessment involves a series of steps.

Minnesota credit union acquires Ladish Community Credit Union

TruStone Financial Federal Credit Union of Plymouth, Minn. announced today it has reached an agreement to acquire Ladish Community Credit Union (LCCU) of Cudahy.

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.
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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.

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.

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