Proxy Showdown Averted at Bank Mutual in Milwaukee

American Banker

Bank Mutual in Milwaukee has agreed to support an activist investor's nominee to its board. breaking_news dealmaking-strategy wi community-banking

Authorities Ask For Google’s Help To Track Bank Robbers

PYMNTS

Federal agents served Google with a search warrant in November, asking for data that could help them solve a bank robbery outside of Milwaukee. Google bank robbery civil liberties location data Milwaukee News search warrant What's Hot

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Northwestern Mutual commits $150m to startup investments

Bank Innovation

This builds on the $43 million in capital that the Milwaukee-based investments and insurance giant invested in 14 startups as part of its its first corporate venture fund, which rolled out in 2017.

Regulators Close Wisconsin Bank in First Failure of 2016

American Banker

million-asset North Milwaukee State Bank on Friday. The Wisconsin Department of Financial Institutions closed the $67.1 breaking_news dealmaking-strategy community-banking wi law-regulation

Claim: Racial Disparities Rampant in Three Midwest Metro Areas

American Banker

Louis, Milwaukee and Minneapolis metropolitan areas, the National Community Reinvestment Coalition said. Mortgage originators aren't lending enough to people of color or the poor in the St. breaking_news law-regulation mortgage housing consumer-finance

Rockwell Automation Takeover Targets Cybersecurity In Manufacturing

PYMNTS

A cybersecurity provider with over 20 years of experience, Avnet will bolster the Milwaukee-based Rockwell Automation’s pivotal goal of gaining double-digit expansion in the arena of information solutions and connected services.

Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

Those cities include Birmingham, Colorado Springs, Long Island, Milwaukee, Salt Lake City, San Antonio, Tacoma and Tulsa. Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Finance.

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Malls Close Vacancy Gap With 1700+ Online Retailers

PYMNTS

It now has 85 stores and will soon add another when its Milwaukee location opens. As traditional mall merchants go under, online brands are expanding into brick-and-mortar, the New York Post reported Saturday (Nov. More than 1,700 physical stores in the U.S. were digital merchants first, the Post reported, citing Fifth Wall and Thinknum Alternative Data. One example is New York’s UNTUCKit , which started as an online men’s clothing store and grew into a global brand.

Amazon’s Delivery Fleet Reaches 30K Cargo Vehicles

PYMNTS

A lot of those vans are going to build out Amazon’s small-package delivery in metro areas,” said Evan Armstrong, president of Milwaukee-based logistics research and consulting firm Armstrong & Associates to Bloomberg.

FTC Weighs Probe Into TripAdvisor’s Deleted Reviews

PYMNTS

Following an investigation by the Milwaukee Journal Sentinel , the Federal Trade Commission (FTC) may launch a probe into TripAdvisor over claims the site deleted negative travel reviews for destinations where injuries, rapes, deaths and other dangerous activity occurred. The Milwaukee Journal Sentinel ’s investigation, published on Nov.

Kohl’s Views Amazon Returns As Key Sales Driver

PYMNTS

The two retailers piloted the program in 100 stores in the Los Angeles, Chicago and Milwaukee markets before announcing in April plans to roll out the service to all stores this summer — just in time for back to school shopping season.

Prime Now Grocery Delivery Expands Across The US

PYMNTS

In September , Amazon and Whole Foods Market brought the service to Ann Arbor, Detroit, Jacksonville, Milwaukee, Madison, Omaha, St.

Amazon Adds Eight More Cities To Grocery Pickup At Whole Foods

PYMNTS

In a press release , Amazon said the cities it expanded to include Birmingham, Colorado Springs, Long Island, Milwaukee, Salt Lake City, San Antonio, Tacoma and Tulsa.

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Kroger Debuts Rx Membership Program

PYMNTS

” Kroger also announced plans to buy pharmacy records from 42 Shopko locations, according to the Milwaukee Journal Sentinel. Kroger has launched the Rx Savings Club, which aims to significantly reduce the cost of prescription drugs for customers across the country.

Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

It has units in cities such as Charlotte, Tampa, Milwaukee and Columbus.

Bon-Ton Stores Will Close By August

PYMNTS

Bon-Ton, a Milwaukee-based retailer, includes its eponymous stores in addition to Carson’s, Elder-Beerman, Herberger’s and Younkers. After years of struggle with decreasing sales and mall traffic, Bon-Ton Stores is going out of business. All of the chain’s brick-and-mortar stores are scheduled to close by the end of August, Chain Store Age reported. Bon-Ton going-out-of-business sales will commence today (April 20) across 212 brick-and-mortar stores and its websites.

15 Minutes With—Kaarin

Independent Banker

Milwaukee is about an hour away, so we have a nice pulse on our customers, which allows us to be in front of any new business as well as continue current customer relationships.

Physical Retail Looks For New Life This Holiday Season

PYMNTS

It now has 85 stores and will soon add another when its Milwaukee location opens. The obituary for brick-and-mortar retail has been written many times. But recent developments show there is still life — and perhaps even new life — in physical commerce.

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CFPB to hold May 14 field hearing on student debt

CFPB Monitor

The CFPB has announced that on May 14, 2015, it will hold a field hearing in Milwaukee on student debt. John L. Culhane, Jr. Similar to other field hearings, Director Cordray will give remarks and witnesses will include members of consumer groups, industry representatives, and members of the public.

Bon-Ton Is The Next Retailer To File For Bankruptcy

PYMNTS

Bon-Ton, a Milwaukee-based retailer, includes its eponymous stores in addition to Carson’s, Elder-Beerman, Herberger’s and Younkers. After struggling for years with decreasing sales and mall traffic, Bon-Ton Stores has filed for bankruptcy. The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported.

Going Truly Over The Top For Christmas

PYMNTS

In a last-ditch effort,” she said, “we driove 200 miles one way to Milwaukee. Christmas is now in the 2019 rear-view mirror. Gifts have been unwrapped, and 10 percent of packages are, or are in the process of being returned. This year, confident U.S. consumers spent, and spent big.

Amazon Expands Amazon Home Services To Twenty New Metro Areas

PYMNTS

In a press release , the eCommerce giant said the new cities include Indianapolis, IN; Las Vegas, NV; San Antonio, TX; Ann Arbor, MI; Cleveland, OH; Milwaukee, WI; Boulder, CO; Raleigh, NC; Trenton, NJ; and more. Amazon announced Monday (Nov. 14) it has expanded its Amazon Home Services into 20 new metropolitan markets around the country.

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Retail Chains Find New Ways To Fight

PYMNTS

That notably includes Kohl’s , which has launched Amazon return stations throughout its Milwaukee stores, expanding on a partnership that started last year. The recent addition of 21 stores in Milwaukee means that just over 100 Kohl’s locations now participate in the service. It’s a good time to be a retail chain. Yeah, really.

Why Grocers Are Providing Fresh Options For Digital Omnicommerce Shopping

PYMNTS

In a continued expansion of its Prime Now delivery offering, for instance, Amazon and Whole Foods Market brought the service to several new cities such as Tampa and Milwaukee in September, as well as new areas of Seattle and New York.

Retail Pulse: Macy’s Collaborates With Brands For STORY; Kohl’s Accepts Amazon Returns

PYMNTS

The two merchants experimented with the program in 100 stores in the Chicago, Los Angeles and Milwaukee markets before announcing in April plans to launch the service in all stores this summer — in time for the back-to-school shopping season.

3 Ways Credit Union Are Driving Growth

Abrigo

A recent article in the Milwaukee Wisconsin Journal Sentinel notes, “More community bank takeovers by large credit unions are likely.” According to the Credit Union National Association (CUNA) , credit unions had a record year in 2015, with 3.7 million new members bringing total membership to 102 million -- surpassing the 100 million-mark for the first time ever. This impressive growth is not surprising when you consider these three ways credit unions are excelling.

Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

In September , Amazon and Whole Foods Market brought the service to Ann Arbor, Detroit, Jacksonville, Milwaukee, Madison, Omaha, St. Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback.

Which are America's healthiest credit unions?

Abrigo

For many people, trusting another party with their hard-earned money can be an anxiety-inducing experience. Whether it is securing funds in a checking or savings account, or investing in a retirement fund, many Americans need a sense of security that comes with an outstanding experience from their financial institution. Credit unions often prioritize providing that security blanket through a positive banking relationship.

Rolling the Rock

Independent Banker

Moniak, senior manager of compliance for Wipfli LLP in Milwaukee, also encourages community banks to “build a surveillance system that tests transactions on a bank-wide basis for suspicious activity.”. Tips on how to keep up with never-ending Bank Secrecy Act compliance.

Social Security? The Numbers Say To Get In Early As Possible

Tech and Finance

Maersch, a retired copyeditor at the Milwaukee Journal, earned an average of $24,800 over his 31-year career and is now a millionaire, partly by using borrowed funds — at one time more than $500,000 when he was earning in the mid twenties — to invest in the company’s stock program for employees, — and then selling as fast as he could once the company went public.

Most Macy’s Closures Coming To The Midwest

PYMNTS

Projected for the hot seat are Milwaukee, Pittsburgh, Detroit, St. While it is at this point well known that Macy’s will be closing the doors on 100 retail stores by early next year, emerging data indicates most of those closures will likely be coming to Midwestern cities and areas. Targeted for closure are locations where the value of the real estate outstrips the value the retail stores bring in.

Mortgage applicants find cozy home at some credit unions

Abrigo

At best, 2014 has been an uneven year for home buyers. As reported earlier this week, existing home sales hit a six-month low , after two consistent months of growth. Although the November numbers were disappointing, sales are still up 2.1 percent from one year ago.

How Kohl’s Is ‘Thinking Differently’ As It Moves On Millennial Shoppers

PYMNTS

We are the middle,” Gass said of Kohl’s, which is headquartered outside Milwaukee. “We’re When Kohl’s decided to bring Amazon into its store locations about a year ago, many commentators wondered if the brand had made a big mistake. Given the “Amazon effect” that has blown through retail like a cold wind over the last decade or so, many speculated that the Kohl’s attempt to boost foot traffic was about to go down in history as inviting the fox to guard the henhouse.

Amazon Vs. Everyone: The Latest Challengers Step Up

PYMNTS

Earlier this month, for instance, Kohl’s said it had expanded its partnership with Amazon , launching Amazon return stations throughout its Milwaukee stores. The challengers, they keep on taking their shots …. The never-ending quest by retailers to put up a stronger fight against Amazon made news in recent days, in some cases indirectly, but still noteworthy. First, Target expanded its curbside pickup service to California and Colorado.

CFPB launches monthly complaint report

CFPB Monitor

The July 2015 report spotlights debt collection complaints and complaints from consumers in Milwaukee, Wisconsin. ” In the section spotlighting Milwaukee complaints, the CFPB displays information showing complaints by product, volume trend over time, and company, identifying the ten “most-complained-about companies by Milwaukee consumers.” Scott M. Pearson.

Ripple Effects: Mobile Payments Are Just The Beginning

PYMNTS

Pager in New York is another on-demand health services app, and Go2Nurse is based in Chicago and Milwaukee. Technology is taking us to a world where we never have to leave our homes. One where a trip to the grocery store or the bank is a thing of the past (if it isn’t already).

With Gig Economy Booming, Job Marketplaces Find A New Role

PYMNTS

For processing payroll, the Milwaukee, Wisconsin-based company, which employs nearly 600,000 workers each day, treats its freelance contractors as if they’re its own employees. In the aftermath of the Great Recession, some 8.7 million jobs were lost. From its ashes emerged a rising workforce that hustled multiple part-time job — wherever and whenever it could. Almost a decade in, no longer fueled by desperation, the gig economy has taken a new shape and form.