Byline Bancorp to sell shares of stock to the public
Byline Bancorp, a Chicago bank with roots in the old Metropolitan Bank Group, is planning to sell shares of its stock to the public. In a registration statement with the...
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Budgeting for retirement? Plan on spending an eye-popping amount on health costs
A quick look at your retirement savings and estimated Social Security payments may convince you that you're well-prepared to retire. But before you do, consider the health care costs that...
Why aging baby boomers will find few moderately priced senior housing options
Kathleen Webb never imagined she'd live in a building for senior citizens. Like many baby boomers she figured she'd stay young indefinitely. "I still don't feel like a senior citizen,"...
CME Group Chairman Terry Duffy back at work after recovering from collapsed lung
CME Group Chairman and Chief Executive Officer Terry Duffy has returned to work after recovering from a collapsed lung suffered in May, the company said Wednesday. The CME operates the...
Illinois’ bonds, near junk status, are ‘no place for an individual investor’
The downgrade of Illinois' bond rating to one step above junk status earlier this month makes one thing very clear: The state's municipal bonds are no place for faint-of-heart investors....
Illinois overhauls its 529 college savings plans, reducing fees and adding choices
Illinois State Treasurer Michael Frerichs on Tuesday announced that the state is reducing fees and giving more investment choices to people saving money for college in the state's 529 college...
Baby boomers, planning to work past retirement? Here’s why that idea could be a bust.
Baby boomers with paltry 401(k)s and IRAs are vowing to work forever, or at least, past traditional retirement age. But a new report says a crowded labor market will limit...
Passage of minimum wage bill generates worker optimism, employer anxiety
Illinois moved a step closer to raising its minimum wage this week, a development that raised hope among some low-wage workers and concern from businesses worried about ballooning payrolls. The...
Heading to college in the fall? Here’s why you’ll need a bigger piggybank.
If you're heading off to college, prepare to dig a little deeper into your pockets. Borrowing money to pay for higher education is becoming more expensive. In July, interest rates...
Early market loss taught CME Group CEO Terry Duffy discipline
Just like a proud mother covers her fireplace mantel and living room walls with family photos, Terry Duffy's CME Group office is filled with photos of himself and politicians. There...