Mark Weinraub

Chicago

Finance and Banking Reporter at Crain's Chicago Business

Finance and banking reporter, Crain’s Chicago Business

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Articles

Tariff woes drive CFO pessimism to record highs, survey finds

1 week ago | crainsdetroit.com | Mark Weinraub

Nearly half of chief financial officers have a pessimistic view of the U.S. economy as President Donald Trump’s trade war causes them to re-evaluate plans for their operations. A quarterly survey from Chicago-based professional services firm Grant Thornton showed 46% of CFOs were pessimistic about prospects for the economy over the next six months, the highest percentage since the company began asking the question four years ago.
Tariff woes drive CFO pessimism to record highs, survey finds

1 week ago | crainscleveland.com | Mark Weinraub

Nearly half of chief financial officers have a pessimistic view of the U.S. economy as President Donald Trump’s trade war causes them to re-evaluate plans for their operations. A quarterly survey from professional services firm Grant Thornton showed 46% of CFOs were pessimistic about prospects for the economy over the next six months, the highest percentage since the company began asking the question four years ago.
Tariff woes drive CFO pessimism to record highs, survey finds

1 week ago | chicagobusiness.com | Mark Weinraub

Nearly half of chief financial officers have a pessimistic view of the U.S. economy as President Donald Trump’s trade war causes them to re-evaluate plans for their operations. A quarterly survey from Chicago-based professional services firm Grant Thornton showed 46% of CFOs were pessimistic about prospects for the economy over the next six months, the highest percentage since the company began asking the question four years ago.
LSV Asset Management loses bid to nix $100 million lawsuit by former executives

1 week ago | chicagobusiness.com | Mark Weinraub

A judge declined to dismiss a lawsuit against LSV Asset Management claiming the Chicago-based investment management firm forced former executives to sell their equity stakes in the company at “a significantly reduced price.”The four executives, which include LSV’s former director of research and one of its founding partners, are seeking damages of more than $100 million, along with punitive damages and attorneys’ fees.
Illinois home insurance rates jump 60% in six years, study finds

1 week ago | chicagobusiness.com | Mark Weinraub

Illinois home insurance rates jumped by nearly 60% between 2019 and 2024, according to a study by LendingTree, an online loan lead generator and mortgage broker. The jump made Illinois the seventh fastest-growing state in terms of prices, and was well above the national average of 40.4%, according to the study. “Insurance companies have been raising their rates to keep up with their escalating expenses,” LendingTree home insurance expert Rob Bhatt said.
Judge declines to scrap CFPB settlement with Townstone Financial

2 weeks ago | chicagobusiness.com | Mark Weinraub

A federal judge declined to vacate an agreement the Consumer Financial Protection Bureau made with Townstone Financial to settle a case accusing the Chicago-based home lender of violating federal laws barring redlining.
JPMorgan Chase commits $18 million to Chicago nonprofit lender

2 weeks ago | chicagobusiness.com | Mark Weinraub

JPMorgan Chase is providing $18 million in capital commitments to IFF, a Chicago-based community development institution that helps arrange loans, leadership development and real estate services to nonprofits. The capital includes a $3 million grant to support the Stronger Nonprofits Initiative, or SNI, a program IFF and JPMorgan Chase launched in 2017 to help nonprofit leaders boost their financial expertise and expand the real estate footprints of their organizations.
American Bar Association defends role reviewing judges against Trump AG's freeze-out

2 weeks ago | chicagobusiness.com | Mark Weinraub

The American Bar Association clapped back at U.S. Attorney General Pam Bondi’s claims it favored judicial nominees from Democratic presidents and skewed its ratings process against conservative judges. ABA President Bill Bay disputed the bias claims in a letter to Bondi, noting the ABA’s standing committee on the federal judiciary has given qualified or well-qualified ratings to at least 96.9% of each president’s nominees during the past 20 years, which includes the first Trump administration.
Potential CoinFlip sale seeking $1 billion shows crypto is growing up

2 weeks ago | chicagobusiness.com | Mark Weinraub

The cryptocurrency industry is growing up, with the potential sale of a local up-and-comer signaling the staying power of an industry that was teetering on the brink less than three years ago. CoinFlip, which focuses on selling bitcoin and other digital currencies in ATMs, is working with a financial adviser to seek a buyer and is looking for at least $1 billion in a sale, according to a Bloomberg report citing people familiar with the matter.
Madison Dearborn takes ownership stake in NextGen Healthcare

3 weeks ago | chicagobusiness.com | Mark Weinraub

Madison Dearborn invested in NextGen Healthcare, giving the Chicago-based private-equity firm a “significant ownership position” in the electronic health records vendor. The companies declined to give specifics on the size of the investment in dollar terms or specify the percentage of the company Madison Dearborn will own.