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Chicago Banks

Chicago Bank Borrowed Big Time From Feds

Reuters | Posted 05.30.2013 | Chicago

NEW YORK, March 29 (Reuters) - Republic Bank of Chicago and Danversbank were among the largest borrowers from the U.S. Federal Reserve's emergency l...

Lizzie Schiffman

Durbin: Debit Card Fees Could Help Smaller Banks, Businesses

HuffingtonPost.com | Lizzie Schiffman | Posted 12.04.2011 | Chicago

Following announcements late last week that Bank of America was planning to charge a $5 fee for debit card use, and that other banks were considering ...

ShoreBank Becomes Urban Partnership Bank

Karen K. Harris | Posted 05.25.2011 | Chicago
Karen K. Harris

Why did the White House push so hard for bailouts to Wall Street firms, the purveyors of the economic crisis, and not community banks, such as ShoreBank, the institutions hit hardest?

Chicago Banks Getting Bailout Funds

Crain's Chicago Business | Steve Daniels | Posted 05.25.2011 | Chicago

Itasca-based First Midwest Bancorp Inc. on Monday became the third local bank to announce its participation in the federal financial rescue program. ...

Chicago Bank To Get $1.5B From U.S. Treasury

Crain's Chicago Business | Paul Merrion | Posted 05.25.2011 | Chicago

The Treasury Department will invest $1.5 billion in Northern Trust's senior preferred stock and warrants as part of the federal government's effort to...

Financial Bailout Stiffing Many Chicago Banks

Crain's Chicago Business | Paul Merrion | Posted 05.25.2011 | Chicago

Like many Chicago execs, Robert Glickman is studying the fine print of the $700-billion federal financial rescue plan. "I don't think they'll buy a l...

Another Banking Crisis: Chicago's Panic of 1896

Robert Loerzel | Posted 05.25.2011 | Chicago
Robert Loerzel

Throughout the 1800s, when the government barely regulated the financial markets at all, speculative bubbles and piles of bad loans caused several panics. History repeats itself. Here's the story of one panic--a series of bank collapses that hit Chicago in 1896.

Wall Street Crisis: How Safe Are Chicago Community Banks?

Chicago Sun-Times | David Roeder | Posted 05.25.2011 | Chicago

The big sign on your neighborhood bank might tell the time and temperature. But it won't tell you how your bank is weathering the credit crisis. It's...