Allstate outlines further cost-cutting plans
Allstate Corp., trying to reduce its expenses, took a $26 million charge against its profits in the first quarter mostly due to the Northbrook-based home and auto insurer restructuring its...
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Chase No. 1 in satisfaction among Midwesterners
For years, Chase has been the biggest bank in the Chicago area in terms of deposit market share. Now, it can make a case that it also has the best...
Northern Trust to workers: Confine social media to your own time
Even Northern Trust Corp., the conservatively run, 123-year-old Chicago financial services provider that prides itself on low turnover, needs to remind employees that social media is something to be done...
Asset manager Calamos sees 2012 compensation fall 18%
John Calamos, the 72-year-old chairman, chief executive and co-chief investment officer of a namesake $31 billion-asset money-management firm in Naperville, saw his total compensation fall by 18 percent to $4.7...
Bill would allow digital proof of insurance
The days of digging through your car's glove compartment to look for the scrap of paper that's your proof of insurance could be winding down. Illinois and many other states...
Allstate CEO’s compensation jumped 53% in 2012
Tom Wilson, Allstate Corp. chairman and chief executive, saw his total compensation rise 53 percent in a year when the stock of his Northbrook-based insurer was up about 50 percent....
Judge gives class-action status to comScore privacy suit
A federal judge in Chicago this week gave class-action status to a 2011 privacy lawsuit alleging that comScore Inc., which tracks consumers' online behavior, monitors the most personal Web activities...
3 approaches to savings in a nation where many aren’t doing enough
Melody Sucharda, a certified public accountant with a master's degree in taxation, always makes the maximum contribution to her 401(k) plan. Married with no children, the corporate tax manager also...
Allstate to raise some Ill. homeowners’ rates 8% in June
Allstate Corp. is raising rates for some of its Illinois homeowners by an average of 8 percent effective June 3, according to a new state filing. The filing submitted to...
Straddling the worlds of high finance and community activism
In 1972, Jim Reynolds was less than two months shy of graduating from Chicago Vocational High School, with plans of becoming a television repairman. Raised in Englewood on the city's...