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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.
U of I, City Hall mull opening huge research center in Chicago
Mayor Rahm Emanuel made some waves earlier this month when he and execs from some of Chicago's hottest tech companies traveled to Urbana-Champaign in a bid to recruit young University of Illinois engineering graduates to move up to Chicago instead of migrating to Silicon Valley.
Wyndham Hotel near airport to close
The 508-room Wyndham Milwaukee Airport Hotel & Convention Center, a sprawling south side landmark property, will close, likely in late December, according to a notification sent today by Fairfax, Va.-based Crescent Hotels & Resorts to the Wisconsin state Department of Workforce Development.
Good growth and growth for good
Over the past five years most observers would agree there has been little to cheer about in the broader economy. The recession of 2008-09 negatively impacted many economic metrics; from gross domestic product to income to employment to investment spending.
Johnson Controls plans restructuring
Johnson Controls Inc. has released details of the restructuring activities it has planned for the fourth quarter.
Caterpillar lowers outlook
Despite posting a record third quarter with a 49-percent increase in earnings, Caterpillar Inc. lowered its outlook for 2013.
Associated Bank reports robust quarter
Green Bay-based Associated Banc-Corp reported third quarter net income of $45 million, or 26 cents per share, up from $34 million, or 20 cents per share, in the same period a year ago.
Bank Mutual gains momentum
Bank Mutual Corp. reported third quarter net income of $2.0 million, or 4 cents per share, up from $1.3 million, or 3 cents per share, in the same period a year ago.
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BMO completes integration of Harris and M&I
BMO Financial Group announced it has completed the integration of the personal, commercial and wealth operating systems of Harris Bank and M&I Bank.
Foreign currency rates clip ManpowerGroup
Milwaukee based ManpowerGroup reported third quarter net earnings of $63.1 million, or 79 cents per share, down from $79.6 million, or 97 cents per share, in the same period a year ago.
Associated Bank to close 12 branches
Associated Bank, a division of Associated Banc-Corp, announced it will close 12 retail branches in Wisconsin and Illinois to enhance efficiency in its branch network.
Net income rises at Northern Trust
Chicago-based Northern Trust Corp., which operates a Northern Trust Bank branch in downtown Milwaukee, reported third quarter net income of $178.8 million, or 73 cents per share, up from $170.4 million, or 70 cents per share, in the same period a year ago.