Signs of aging may soon affect financial advisers — and brokerages
Like the rest of the population, financial advisers are showing signs of aging. As an adviser ages, he or she is more likely to have senior moments, including forgetting to...
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Federal Savings Bank says it will buy Baytree of Lake Forest
The Federal Savings Bank of Chicago said it plans to buy Baytree National Bank & Trust Co. of Lake Forest. Terms weren't disclosed. The Federal Savings Bank, which is privately...
Dialing for dollars: Banks use smartphones to eliminate ATM cards
Want to see just how profoundly the smartphone can change a trip to the bank ATM? Head to 70 W. Madison St. in Chicago. Responding to the growing use of...
FBI seeks ‘ethical’ hackers to be ‘cyber special agents’
To battle hackers, you have to think like one. The FBI said Monday it's seeking technology experts — including those with experience in "ethical hacking" — to become "cyber special...
BMO’s David Jacobson: From lawyer to ambassador to banker
Everyone was crying. The 30 or so workers in the U.S. Consulate in Montreal had learned that former colleague Sean Smith was one of four Americans killed in the Sept....
Illinois ends 2014 with 91 fewer bank branches
Illinois has 91 fewer bank branches now than it did at the start of 2014, according to an analysis released this month by SNL Financial. The Charlottesville, Va.-based data tracker...
CIT Group considers opening bank branch in Chicago
National commercial lender CIT Group, which is in the process of buying a California bank, said it might open a bank branch in New York or Chicago. The New York-based...
Medical debt collection, reporting under scrutiny
Many consumers don't know they owe money for medical procedures until they get a call from a collection agency or they discover it on their credit report, a federal consumer...
Discover to spend $35M next year on credit, debit cards with microchips
Discover Financial Services will spend more than $35 million in 2015 to issue credit and debit cards embedded with chips that are considered more secure than those with magnetic strips....
1 in 5 Americans say they’ll never get out of debt
Almost 1 in 5 Americans with debt said they'll never ever get out of it, according to a CreditCards.com survey. That's double the 9 percent who gave that response last...