Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Election closure could boost stock market
Whether the outcome of the presidential election is four more years for Democrat Barack Obama or a new administration led by Republican Mitt Romney, several area financial analysts predict the lifting of pre-election uncertainty will result in a stock market rally.
Repatriating profits from China
Getting your profits out of China ironically begins before you have made any. The assumption in China seems to be that any business coming here needs to be very specific about every detail of what they intend to do.
Seek advice to manage retirement accounts
A study from Dalbar Inc. released in April found the average equity investor underperformed the S&P 500 for the preceding one, three, five, ten and twenty year periods. Many investors in 401(k) accounts choose their investments and rarely change them. Investors also tend to make decisions based on which investments did well the year before.
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.
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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.
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:
