Mark Skertic

Washington Mutual Inc. is closing two Chicago-area commercial operations and cutting back at a mortgage unit, but it will open 16 new retail branches Friday. The Seattle-based thrift is shutting...

When a city, school board or any other government agency puts money in a bank, its cash is subject to the same maximum of $100,000 in federal insurance coverage that...

Unlike many banks trying to gain a toehold in the crowded Chicago market, newcomer Countrywide Bank won't be advertising special deals on checking accounts. The Calabasas, Calif.-based bank hopes to...

There was a time when opening a bank account was a great way to get a free toaster. Although it's tough to find a bank still handing out kitchen appliances...

Inconsistent oversight of viatical companies and uneven enforcement by Illinois regulators leave buyers--who purchase someone else's life insurance benefit for less than what it would someday pay--with scant protection Desperate...

Desperate for help, a retiree from Orland Park wrote to the Illinois attorney general's office last year. He had invested $25,000 of his retirement savings in 1998 with a suburban...

When the U.S. Coast Guard raided a Russian fishing vessel on the Pacific Ocean in 2001, investigators hit a jackpot: more than 12 tons of chalky powder hidden beneath a...

When the U.S. Coast Guard raided a Russian fishing vessel on the Pacific Ocean in 2001, investigators hit a jackpot: more than 12 tons of chalky powder hidden beneath a...

After 79 years, the Clearing Corp. is about to sever its last link with the Chicago Board of Trade. The clearinghouse will leave its longtime home in the Board of...

Big bank mergers have meant some big opportunities for Northern Trust Corp. The bank opened a new office just off Park Avenue in Manhattan last year, recently expanded into Connecticut...