Becky Yerak – Page 62

Online banks offer higher interest on savings, survey shows

June 17, 2018 at 11:50 a.m.

The average interest rate for savings accounts was 0.18 percent in the second quarter, a newly released survey shows, but some banks, particularly online institutions, paid significantly more overall.In its...

Aon's former headquarters in Chicago. The company moved its headquarters overseas in 2012 in part to lower its tax bill.

Aon sees payoff from tax inversion

June 18, 2018 at 8:53 a.m.

Moving its headquarters across the Atlantic in April 2012 removed Aon from Chicago's corporate elite. It also reduced a hefty corporate tax bill, newly filed documents suggest. The commercial insurance...

A Discover Financial Services credit card.

Discover opens downtown Chicago office

June 17, 2018 at 12:14 p.m.

Riverwoods-based Discover Financial Services last month opened a satellite office in downtown Chicago that will accommodate up to 300 workers of the financial services firm. Discover, whose products include credit...

Ken Griffin, founder and chief executive officer Citadel LLC, speaks at the annual Milken Institute Global Conference in Beverly Hills, Calif. in April 2013.

Hedge fund billionaire Ken Griffin files for divorce

June 17, 2018 at 12:18 p.m.

Chicago billionaire Ken Griffin, chief executive of Chicago-based hedge fund Citadel LLC, has filed for divorce from his wife, Anne Dias Griffin.A divorce filing made public Thursday morning revealed the...

Men paying 38% more for life insurance, on average

June 17, 2018 at 11:45 a.m.

To save money on life insurance, it helps to be a young woman who doesn't smoke, a new report shows. Men pay an average of 38 percent more than women...

Fewer than 3 percent of nation’s banks are minority institutions

June 17, 2018 at 12:10 p.m.

Fewer than 3 percent of the nation's 6,730 banks are minority institutions, but that's still a bigger percentage than a decade ago, according to a study released Monday by the...

Cash is sorted and prepared for distribution in the cash vaults at the Federal Reserve Bank of Chicago, 230 S. LaSalle St., Tuesday, Oct. 8, 2013.

Consumers are stockpiling cash, study shows

June 18, 2018 at 9:13 a.m.

Americans squirreled away more money in their checking accounts in 2013 than they did at any time in the past 25 years, suggesting that they remain spooked by the Great...

Morningstar to pay $61 million to settle intellectual property lawsuit

June 18, 2018 at 8:58 a.m.

Morningstar Inc. said it will pay $61 million to settle an intellectual property lawsuit filed by a Chicago-based developer of financial software, according to a Securities and Exchange Commission filing.Morningstar,...

Teen driver double premiums for average Illinois household, study says

June 17, 2018 at 12:41 p.m.

A married Illinois couple that adds a teen driver to their car insurance policy will see their annual premiums more than double on average, according to a new study. Car...

Northern Trust plans to layoff 200, see drop in 2Q profit

June 18, 2018 at 8:58 a.m.

Northern Trust Corp., Chicago's biggest locally headquartered bank, said it plans to cut 200 jobs across the company in coming quarters. On Wednesday, Northern Trust said second-quarter profit was dinged...

All Stories