Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Airlines increase ancillary revenue
A new report from Shorewood-based airline consultant IdeaWorksCompany shows the ancillary revenue reported by airlines grew to $22.6 billion in 2011, up 66 percent from 2009.
The case for sell-side due diligence
M&A deals have always been challenging to close, and all the more-so in recent years, when sale processes have become protracted and due diligence efforts have intensified. Deals – even good, mutually beneficial ones – can be easily derailed by “surprises” from the seller.
WEDC attracts $100 million from Chinese private equity company
Wisconsin has secured $100 million in foreign direct investment from Chinese private equity firm PiYi Investment Management Co. Ltd.
Sponsorships help BMO Harris introduce itself to Milwaukee area
M&I Bank, founded in 1847 and once the largest Milwaukee-based bank, will officially change its name and systems to BMO Harris Bank in October.
Canadian company to acquire Menomonee Falls firm
Artaflex Inc. of Ontario, Canada, has entered into a definitive agreement to acquire Menomonee Falls-based MTI International Inc.
Foreign investments to boost Buell motorcycle production
Erik Buell Racing LLC of East Troy will receive $20 million in new investments that will help the company expand production of EBR brand sport motorcycles and create about 200 new jobs.
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Johnson Controls foresees ‘softness’ in markets
Glendale-based Johnson Controls Inc. reported fiscal third quarter net income of $417 million, up 17 percent over last year.
Bank Mutual continues recovery
Brown Deer-based Bank Mutual Corp. reported second quarter net income of $1.3 million, or 3 cents per share, compared with a net loss of $51.4 million or $1.12 per share, in the same period a year ago.
Milwaukee is key market for Associated Bank
Associated Banc-Corp, the largest Wisconsin-based bank, second quarter net income of $42 million, or 24 cents per share, up from $26 million, or 15 cents per share, in the same period a year ago.
Foreign investments to boost Buell motorcycle production
Erik Buell Racing LLC of East Troy will receive $20 million in new investments that will help the company expand production of EBR brand sport motorcycles and create about 200 new jobs.
