Corus Group Plc

Amcore Financial Inc., which reported an unexpected loss in the second quarter due to troubles in its real estate-lending portfolio, is closing three branches and one office as the bank tries to reduce costs. Rockford-based Amcore, which has assets of...

In its first enforcement action against an Illinois lender in 2008, a federal thrift regulator is ordering a $63.7 million-asset institution in Cicero to, among other things, improve its management oversight and revise its business plan, including its...

The number of vacant eyesore homes in your neighborhood could be on the rise. The reason: At auctions, the last legal step in the home foreclosure process, a growing share are ending up back in the laps of lenders instead of sold to third-party...

Experience: Chicago-based Corus Bankshares Inc. Director since 1972; chief executive, president, since 1984. Age: 61 Education: 1969 liberal arts graduate, majoring in sociology, from Cornell University. Hobbies: Snow skiing, listening to books on...

Over the past 20 years Robert Glickman grew Corus Bankshares Inc.'s assets ninefold, to more than $9 billion, making the family-controlled lender the third-biggest publicly traded bank based in the Chicago area. But lately Glickman, 61, hasn't been...

PrivateBancorp Inc., which has hired dozens of lenders from recently acquired LaSalle Bank, increased its loan volume by 25 percent in the second quarter, with most of the growth occurring from previous relationships its lenders had at LaSalle, the...

Prices of bank shares plunged widely Monday and, in one case, trading of National City Corp. stock was halted temporarily on a day when fallout from the mortgage meltdown continued to infect local financial institutions. Investors fled the sector amid...

Stocks of nine publicly traded midsize local banks are trading at or near 52-week lows, and analysts say challenges could persist for several of them in coming quarters. On Tuesday, the Dow Jones industrials gained more than 150 points, encouraged in...

For opportunistic savers, IndyMac Bancorp's CD yields are a bonanza. Struggling to hold on to depositors, IndyMac is offering the highest yields in the nation on six-month and one-year certificates of deposit. And the troubled Pasadena-based thrift isn't...

Corus Bankshares Inc. said third-quarter net income fell 31percent to $35.5 million, or 61 cents a share, from $51.1 million, or 88 cents, a year ago. Results for the latest quarter included pretax security gains of $11 million. Excluding security gains,...

Heads continue to roll at mortgage companies in town, with the number of Chicago-area employees getting pink slips over the past six months surpassing 1,200. Greenpoint Mortgage Funding Inc. , a unit of Capital One Financial Corp., has alerted the...

Getting sold by Mittal Steel might be the best thing to happen to Sparrows Point in a long, long time. Change always prompts discomfort. But for the century-old steel mill, the uncertain future unveiled yesterday looks a heck of a lot better than the...