September 30, 2013: This self storage facility in Fort Lauderdale, Florida was the address used by two fraudulent “banks” in the past two months. On August 16th, the Office of the Comptroller of the Currency (OCC) issued an alert to…
Community Banks, Local Credit Unions Team Up
Zero-Star Second Federal S&L, Chicago, IL failed on July 20, 2012. The failure was no surprise. The thrift had a rather unique business model; it specialized in making home loans to undocumented immigrants (with taxpayer-identification) in Hispanic markets in and…
The Difference Between Capital One & Capital One 360
August 26, 2013: That’s what the caller wanted to know. He called BAUERFINANCIAL for the rating on Capital One 360. Apparently he had called Capital One directly and was told that they had nothing to do with ING or Capital…
U.S. Deposit Insurance Not a Free-for-All
Who said it? “We had a bad banking situation. Some of our bankers had shown themselves either incompetent or dishonest in their handling of the people’s funds. They had used the money entrusted to them in speculations and unwise loans.…
Seven out of Ten Banks & Credit Unions Recommended by Independent Rating Firm
September 12, 2013: Newly released bank and credit union ratings from BAUERFINANCIAL, Inc., the nation’s leading independent bank rating firm, show the majority of the industry is on solid footing. The percent of banks and credit unions recommended by the…
2Q’13 Bank Earnings, Loans, Loan Quality Up, Margins Down
Earnings: Second quarter numbers for the banking industry (released on Thursday, August 29) reveal a healthier industry emerging. With an aggregate net income of $42.2 billion, this marks the sixteenth consecutive quarter that bank earnings have increased year-over-year. Only 8.2%…