Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Twin Disc earnings plummet
Racine-based Twin Disc Inc. reported fiscal first quarter net earnings of $1.3 million, or 11 cents per share down from record earnings of $9.6 million, or 83 cents per share, in the same period a year ago.
Harley tapers production at York plant
Milwaukee-based Harley-Davidson Inc. reported third quarter net income of $134.0 million, or 59 cents per share, down from $183.6 million, or 78 cents per share, as the company restructured its production process at its largest plant in York, Pa.
Earnings jump for Koss Corp.
Koss Corp., the Milwaukee-based high-fidelity headphone company, reported fiscal first quarter net income of $366,153, or 5 cents per share, up from $280,597, or 4 cents per share, in the same period a year ago.
First Business reports record quarter
First Business Financial Services Inc., the parent company of First Business Bank and First Business Bank-Milwaukee, reported record third quarter results highlighted by growth in revenue, in-market deposits, commercial loan balances and problem loan resolutions.
Top executives call on Congress to avoid fiscal cliff
Chief executive officers at more than 80 major U.S. corporations released a statement today to pressure Congress to reduce the federal deficit with tax increases and spending cuts.
Milwaukee Biz Blog: Ease the regulatory burden on community banks
Wisconsin’s bipartisan Congressional delegation is appealing to federal banking regulators to make a distinction between the regulatory burdens on large national banks and smaller community banks.
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Ease the regulatory burden on community banks
Editor’s note: Congresswoman Gwen Moore (D-Milwaukee) submitted a letter to U.S. banking regulators on behalf of a bipartisan coalition of members of Congress from the Wisconsin delegation asking regulators to consider a scaled approach to the implementation of Basel III banking regulations for small and community banks. Moore’s letter received the support of U.S. Reps. Sean Duffy, Ron Kind, Tom Petri, Reid Ribble and Jim Sensenbrenner. The letter was sent Federal Reserve System Chairman Ben Bernanke, Federal Deposit Insurance Corp. Acting Chairman Marin Gruenberg and Office of the Comptroller of the Currency Tom Curry. The letter reads as follows:
BizTimes Money Weekly: Fair Housing Council files complaint against Bank of America
The Metropolitan Milwaukee Fair Housing Council today filed a complaint with the U.S. Department of Housing and Urban Development alleging housing discrimination by Bank of America.
Fair Housing Council files complaint
The Metropolitan Milwaukee Fair Housing Council today filed a complaint with the U.S. Department of Housing and Urban Development alleging housing discrimination by Bank of America.
Johnson Controls to acquire assets of bankrupt company
Glendale-based Johnson Controls Inc. has entered into an agreement to purchase the automotive business assets of A123 Systems Inc., a Waltham, Mass., company that has filed for bankruptcy protection.
