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Wintrust Mortgage acquires Montana business
Feb 16, 2017 9:31 AM
Wintrust Mortgage, a division of Barrington Bank and Trust Company, announced it acquired the mortgage banking business of American Homestead Mortgage LLC in Montana.
Credit union adds Glory Global cash recycler system
Feb 15, 2017 8:50 AM
Purdue Federal Credit Union has deployed Glory Global Solutions' Vertera 6G Teller Cash Recycler as part of the credit union's branch renovation program.
How President Trump could dismantle Wall Street reform
Feb 12, 2017 7:18 AM
President Donald Trump has opened the door for sweeping changes to the way financial institutions -- big and small -- are regulated. He signed an executive order calling for a review of the laws that govern the U.S. financial system in an opening bid to upend the Dodd-Frank Act, the financial reform legislation passed in 2010. Banks and other financial institutions are dusting off their wish lists in hopes of trimming, if not killing, some of the most costly portions of the law. Here is a guide to the areas of Dodd-Frank most likely to be rolled back during the Trump administration.
Data tells the story: U.S. wages lack sustained momentum
Feb 12, 2017 7:10 AM
Four different measures are all telling the same story: While America's workers keep getting hired at a solid pace, they're having difficulty finding sustained growth in their paychecks.
Ritholtz: Investors establish their own fiduciary standard
Feb 12, 2017 7:11 AM
President Donald Trump has asked the Labor Department to review its fiduciary rule, which requires brokers working with retirement savers to put the interest of their clients ahead of their own. At first blush, this looks like a big way the Trump administration could directly affect everyday investors. As it turns out, whether the fidicuary rule hurts you isn't up to Trump -- it's up to you.
Bank of America opens teller-less branches
Feb 11, 2017 7:15 AM
Bank of America has opened three mini-bank branches since the new year that have ATMs and videoconferencing but no people. Two opened in Denver and one in Minneapolis. In addition to the ATMs, the new robo-banks -- called automated centers -- allow customers to make a videoconference call to a Bank of America employee at another location to discuss more complicated money issues.
Cummins Allison ATMs get EMV certifications
Feb 9, 2017 10:51 AM
Cummins Allison's complete line of ATMs have been EMV certified by Columbus Data Services, CO-OP, Elan Financial Services, FIS, First Data, Fiserv, Jack Henry and Vantiv.
Champaign-based bank acquires First Community
Feb 7, 2017 10:30 AM
First Busey Corp. of Champaign, the holding company for Busey Bank, will acquire Joliet-based First Community Financial Partners, the holding company for First Community Financial Bank.
MBRE brokers lease for new First Midwest HQ
Feb 6, 2017 10:15 AM
MB Real Estate has completed an 80,000 square foot lease on behalf of First Midwest Bancorp for its proposed new headquarters at at 8750 West Bryn Mawr Ave. in Chicago.
U.S. wage disparity widened again last year
Shobana Chandra and Jordan Yadoo
Feb 5, 2017 7:14 AM
Top wage earners last year made 5.05 times what their lowest-income counterparts took home, the widest gap in data going back to 1979, according to the Labor Department. What's worse, it shows the most recent improvement -- in 2014 -- was just a blip, and the trend is again moving in the wrong direction seen over almost four decades.
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