Category: Jumbo Rate News | Page 30

Odd Term CDs

Federal Regulators are currently accepting public comments for modernizing outdated broker and listing service rules for insured depository institutions (banks). (The proposed changes first appeared in the Federal Register on February 6th and comments will be accepted through May 7th.)…

New Opportunities for Mom & Pops

On April 8th, Rodney E. Hood was sworn in as the 11th Chairman of the National Credit Union Administration (NCUA). The North Carolina native has an extensive background in both the public and private sectors, including a previous stint on…

Image of currency overlaid with a marijuana (weed) plant stem

It’s Not Easy Banking Green

For years we have been watching as states loosened up on their respective marijuana laws. While the flux continues at the state level, marijuana remains illegal at the federal level. That has made it extremely difficult for legitimate marijuana-related businesses…

Community banker handing his customer several one-hundred dollar bills

Community Banks: Know Thy Borrower

As a general rule, the more risky loans in a bank’s portfolio are construction, commercial real estate and foreign loans. As we have all seen though, even the seemingly safest loans (1-4 family residential) can turn sour if not underwritten…

Stacks of coins with workers using tools to move the money

Community Banks Putting Deposits to Work

We may have hit a wall in interest rate increases, (at least for the time being) but that hasn’t stopped consumers or businesses from taking advantage of rate hikes we have seen. From December 2016 through December 2018, the Federal…

Financial symbols of a key a dollar sign and gold stars

New Credit Union Star-Ratings This Week

The National Credit Union Administration (NCUA) released mostly positive year-end 2018 financial data on Wednesday (March 6th). The aggregate capital ratio for all federally-insured credit unions increased to 11.30% – up from 10.95% a year earlier. Over 98% reported a…

Person squeezing a stress ball re: no need to stress, new bank star ratings

All New BANK Star-Ratings This Week

By most measures, 2018 was a good year for U.S. banks. After earning $59.1 billion in the fourth quarter, net income for the calendar year was $236.7 billion. That was 44% higher than 2017 net income. However, after adjusting for…

Animated man bent over under the burden of household debt

Household Debt 6.9% Higher than 2008 Peak

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 next to an image of a check from the 1800s

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…

Category: Jumbo Rate News (page 30)

Odd Term CDs

New Opportunities for Mom & Pops

It’s Not Easy Banking Green

Community Banks: Know Thy Borrower

Community Banks Putting Deposits to Work

New Credit Union Star-Ratings This Week

All New BANK Star-Ratings This Week

Household Debt 6.9% Higher than 2008 Peak

President Lincoln Could Have Banked Here

Bankers Challenge Credit Union Buyouts

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