Three Banks Close in a Span of Eight Days
Three Banks Close in a Span of Eight Days The third FDIC-Insured bank in a span of eight days was closed on November 1st. Zero-Star City National Bank of New Jersey was closed by the Office of the Comptroller of…
Two Banks With Much in Common Fail
Two Banks With Much in Common Fail Two banks failed last Friday (October 25th). That’s as many as have failed in the previous two years combined. The immediate question that came to our mind was, what do these two banks…
Credit Unions Up Credit Card Lending
Credit Unions Up Credit Card Lending In the past five years, the nation’s credit unions have increased their credit card lending by 36% (see chart 2). Some of that increase is because more of the industry is offering credit cards…