Wintrust Business Minute: CME Group has cut positions and BMO Bank is the new top bank

07/24/23 • -1 min

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago’s CME Group has cut about 100 employees or 3% of its staff. Wall Street’s biggest banks have been chopping positions right and left this year, shedding more the 20,000 people during the first six months of 2023.

Also, Northern Trust has been knocked down a rung on the list of Chicago’s largest banks compiled by Crain’s using S&P Global Market Intelligence. BMO Bank is the new top bank with $177 billion in assets. Listen for more below:

https://serve.castfire.com/audio/4142100/4142100_2023-07-24-171800.64kmono.mp3

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

https://serve.castfire.com/audio/4142100/4142100_2023-07-24-171800.64kmono.mp3

Previous Episode

Wintrust Business Lunch 7/21/23: Inflation perception, affordable housing, Houzz Renovation report

Segment 1: Michael Miller, Professor Emeritus, DePaul University, joins John to talk about the success of Earned Income Tax Credit programs, why household perceptions of inflation are high despite inflation coming down, and why he believes the Fed should stand pat on raising interest rates.

Segment 2: Sarah Foster, Analyst, Bankrate, talks to John about new Bankrate data that shows that younger generations are the most willing to make sacrifices to find affordable housing.

Segment 3: Marine Sargsyan, Houzz senior economist, tells John the results of the Q3 2023 Houzz Renovation Barometer.

https://serve.castfire.com/audio/4141538/4141538_2023-07-21-192538.128.mp3

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Wintrust Business Lunch 7/24/23: Renter insecurity, Cameo layoffs, Hands of Peace

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https://serve.castfire.com/audio/4142170/4142170_2023-07-24-205710.128.mp3