Banking & Finance

Generation Growth acquires Mica Tool & Manufacturing

Generation Growth Capital Fund I, LP, a Milwaukee-based private equity fund, has acquired Mica Tool & Manufacturing Inc. of Mukwonago.

Fiserv acquires Open Solutions

Brookfield-based Fiserv Inc. has acquired Open Solutions Inc., a provider of collaborative, enterprise core account processing technology for financial institutions.

U.S. Bancorp posts record year

U.S. Bancorp reported record full-year net income of $5.6 billion in 2012, up 15.9 percent from 2011.

Northern Trust caps strong year

Chicago-based Northern Trust Corp., the parent company of Northern Trust Bank, reported fourth quarter net income of $167.7 million, or 69 cents per share, up from $130.2 million, or 53 cents per share, in the same period a year ago.

Generation Growth acquires Mica Tool & Manufacturing

Generation Growth Capital Fund I, LP, a Milwaukee-based private equity fund, has acquired Mica Tool & Manufacturing Inc. of Mukwonago.

European slowdown takes toll on Johnson Controls

Glendale-based Johnson Controls Inc. reported first fiscal quarter net income of $354 million, or 52 cents per share, down from $424 million, or 62 cents per share, in the same period a year ago.
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Expect consolidations in banking industry

Financial institutions will continue to improve from a profitability standpoint throughout 2013. However, earnings pressures will also continue to challenge the industry.

Technology gives consumers more power

Consumers are more connected than ever, with Wi-Fi, 4G, aircards and other technology allowing people to connect to the Internet almost anywhere.

The fiscal cliff: Now for the hard part

The U.S. House of Representatives recently passed the American Taxpayer Relief Act (ATRA), addressing the tax portion of the fiscal cliff, but delaying decisions on the spending part for another two months (for now).

BizTimes Nonprofit Weekly: U.S. Bank donates $20,000 for Fisher House

U.S. Bank has funded a $20,000 grant to Fisher House Wisconsin to support the construction of the nonprofit’s onsite facility at the Clement J. Zablocki VA Medical Center in Milwaukee.

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