Steve Daniels
Editorial Board Member at Chicago Tribune
Editorial board of the Chicago Tribune. Former business journalist. Apologies in advance for music and sports tweets.
Articles
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Sep 20, 2023 |
chicagobusiness.com | Steve Daniels
BMO is exiting the business of making loans to car buyers through dealerships. Chicago’s second largest bank by deposits is phasing out a longstanding business line — and a substantial consumer lending product. Auto loans have grown dicier for lenders as the prices of both new and used cars rose along with interest rates over the past few years. It’s not uncommon for auto buyers to take out loans with terms as long as eight years.
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Sep 19, 2023 |
chicagobusiness.com | Steve Daniels
It’s a rare sight when a well-regarded CEO resigns abruptly over a controversy and the stock rises on the news.
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Sep 19, 2023 |
pionline.com | Steve Daniels
Edward Tilly has resigned as chairman and CEO of Cboe Global Markets after the conclusion of an internal investigation of personal relationships with colleagues that the board launched in August alongside an independent counsel. "The board of directors determined that Mr. Tilly did not disclose personal relationships with colleagues, which violated Cboe's policies and stands in stark contrast to the company's values," the company said in a Sept. 19 release.
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Sep 19, 2023 |
chicagobusiness.com | Steve Daniels
Edward Tilly is out as CEO of Cboe Global Markets. In what is a major surprise, Tilly resigned as chairman and CEO of the Chicago-based options trading house — one of two dominant derivatives exchanges based here.
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Sep 18, 2023 |
chicagobusiness.com | Steve Daniels
September 18, 2023 12:50 PM 9 minutes ago Mesirow Financial is acquiring long-time Chicago wealth management firm Front Barnett, its first deal in a push to get bigger in handling the nest eggs of the rich via deal-making. Founder Marshall Front, who launched the firm 29 years ago, will stay on and continue to help run the firm along with principals Mickey MacMillan and Peter Wahlstrom.
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For all the relief about Chicago's lower homicide rate (and it's deserved), some perspective. Murder rates are falling faster in other cities
I published a piece looking at the data last week. Some examples: As of early May, murders were down 32% in Baltimore, 35% in St. Louis, 37% in Cleveland, 63% in Denver, 31% in New Orleans, 27% in New York, and 24% in Chicago. Incredible: https://t.co/uZwPOC7nTj
RT @RayLong: Illinois lawmakers pass budget with tax hikes on tobacco, gambling — but adjourn without transit, Bears stadium @petrellarepor…
Powerful @chicagotribune op-ed by the man who prosecuted Larry Hoover
"(Larry) Hoover’s claim that he became a changed man in the 1990s was a lie," writes former federal prosecutor Ron Safer, who helped secure a life sentence for the Gangster Disciples founder. "Has he really changed now? Only he knows." https://t.co/TEMSuEqMz2
