Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Xten on a growth spurt
Kenosha plastic injection molder Xten Industries is adding a fourth shift so it can run 24/7 to keep up with growth.
Northern Trust named ‘Best Private Bank’
Northern Trust Bank has been named “Best Private Bank” in the United States for the fourth consecutive year by Professional Wealth Management and The Banker magazines, both published by the Financial Times Group.
Losses mounting at Anchor Bank
Anchor BanCorp Wisconsin Inc., the Madison-based parent company of Anchor Bank, announced a third quarter net loss of $12.1 million, or 57 cents per share, compared with a net loss of $19.6 million, or 92 cents per share, for the same period a year ago.
Northwestern Mutual to donate $16.9 million in 2013
Northwestern Mutual has announced that its Foundation will increase its charitable donations by $200,000 in fiscal year 2013 to a total of $16.9 million.
Global View Capital launches Senior Initiative
Global View Capital Advisors of Waukesha has launched its Senior Initiative, a team of experts to help seniors and families that are caught in the “sandwich generation.”
Northwestern Mutual promotes leaders
Northwestern Mutual has announced the promotion of three executives in Milwaukee.
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Restructuring charge clips Johnson Controls
Glendale-based Johnson Controls Inc. reported a fiscal fourth quarter net loss of $8.0 million, or 1 cent per share, compared with net income of $234 million, or 34 cents per share, in the same period a year ago.
Northwestern Mutual projects record dividend payout
Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. will reach another financial milestone in 2013 with its largest dividend payout ever.
Mortgages propel Waterstone Financial
Wauwatosa-based Waterstone Financial Inc. reported third quarter net income of $8.4 million, 27 cents per share, compared with a net loss of $206,000 or 1 cent per share, in the same period a year ago.
Assisted Living Concepts may divest New Jersey properties
Menomonee Falls-based Assisted Living Concepts Inc. reported a net loss of $4.0 million in the third quarter, compared with net income of $5.8 million in the same period a year ago.