At $13.54 trillion, consumer debt today is $869 billion higher than its 2008 peak of $12.68 trillion. It is 21.4% higher than its 2013 trough (see chart). Housing is not the culprit this time around. Based on a recent report…
President Lincoln Could Have Banked Here
The past couple of weeks we have been concentrating on banks and credit unions that are struggling. Between that, and the new mega-merger announcement between BB&T and SunTrust (February 7th) that we will get into later, we thought this was…
Bankers Challenge Credit Union Buyouts
At first glance, a federally-insured credit union may not appear to be much different from a federally-insured bank. Both carry the same deposit guarantees, backed by the federal government and both often offer similar deposit and loan products. The primary…
Troubled Banks: The Long Goodbye
Even though there are fewer banks rated 2-Star or below than there have been since 2007, there are still too many (83 to be exact) to list on page 7. Instead we listed all banks rated 1-Star or Zero-Stars OR…