CHICAGO--(BUSINESS WIRE)--Huron Consulting Group (NASDAQ: HURN - News), a leading provider of business consulting services, today announced the launch of Huron’s Bank Monitor™, a powerful web-based application that provides users with access to key data on banks.

“Recently the banking industry marked the unfortunate milestone of the 100^th bank failure of 2009,” said James H. Roth, chief executive officer, Huron Consulting Group. “We are launching Huron’s Bank Monitor to help users gain a better understanding of why certain banks have failed, the current state of the financial institution marketplace, and the extent of challenges that banks face as the economy struggles to rebound.”

Huron’s Bank Monitor will provide data gathered from public sources and synthesize it. Users will be able to evaluate a bank’s performance based on more than 20 financial indicators summarizing exposure/asset quality, liquidity, growth trends, profitability, reserves and capital. Other key ratios will be added in response to market feedback. This tool will also allow users to compare institutions of similar size and geographical location. Banking data, obtained from quarterly reports filed with government regulators, will be updated quarterly as available to provide users with the most up-to-date information. Learn more at www.huronbankmonitor.com.

“Huron’s Bank Monitor is taking public data and presenting it in a user-friendly analytical layout, making the information more accessible and meaningful,” said David K. Moffat, managing director, Huron Consulting Group. “This type of data will allow users to monitor developments within the banking sector and more fully appreciate the overall soundness of our financial institutions as well as illustrate actions taken to address present and emerging challenges.”

Huron’s Bank Monitor is based on technology developed by Altosoft Corporation (www.altosoft.com), a leading provider of process-aware business intelligence solutions.

About Huron Consulting Group

Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, resolve disputes, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including leading academic institutions, healthcare organizations, Fortune 500 companies, medium-sized businesses, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.

Huron Consulting Group
Jennifer Frost Hennagir, 312-880-3260
jfrost-hennagir@huronconsultinggroup.com