Obama administration’s budget doubles fee for large banks The 32 banks in the United States with assets exceeding $50 billion would be required to collectively pay $61 billion over the next 10 years if the president’s $3.4 trillion budget is passed by Congress. The administration said the fee, more than double the $30 billion fee … Read more
Kevin Murphy has joined the staff of the Minnesota Bankers Association and will be responsible for member outreach. Murphy recently retired from the Minnesota Department of Commerce where he was Deputy Commerce Commissioner for 13 years. Prior to that, he worked at the FDIC for 17 years, Bank Compensation Strategies for eight years, and as … Read more
Banks merge in Nebraska, Illinois and Indiana. [Continue]
More than 200 bankers gathered in St. Paul to listen to Eric W. Kaler as well as state House and Senate leaders. [Continue]
Milwaukee bank to leverage grant to grow business lending North Milwaukee State Bank plans to use a $500,000 grant it received to grow its loan portfolio by $5 million. The bank received the award through the Community Development Financial Institutions Fund which is administered by the Department of the Treasury. The CDFI runs a Bank … Read more
Economic indicators show “no cautions, no alerts, and no recession. The direction of the economy is up, period,” said Clare Zempel at the annual meeting of Wisconsin Group One. [Continue]
Nearly 500 people attending the Bank Executives Conference hosted by the Wisconsin Bankers Association in Milwaukee heard from industry and political leaders. [Continue]
Forty years after his father, community banker Jeff Gerhart set to take ICBA chairmanship. [Continue]
The economy is stuck in low gear because small business owners are uncertain about the future and their real estate holdings don’t support the credit they did pre-2008. This means small business owners aren’t borrowing money and those who are seeking credit simply lack the credentials to qualify for bank financing. The latest research from … Read more
Bernanke’s testimony points to continued slow recovery On Feb. 2, Federal Reserve Board Chairman Ben Bernanke provided testimony on the economic outlook before the U.S. House of Representatives’ Committee on the Budget. The labor market added 243,000 jobs in the month of January, the largest gain since April. Private sector employment increased by 160,000 jobs per … Read more