In observance of the Easter Holiday, Jumbo Rate News will not be published next week, April 5th. While we are on hiatus though, a new brokered deposit rule will go into effect (April 1st, to be exact). While we don’t…
Month: March 2021
Two Days, Two Divergent Opinions, Who’s Right?
On Monday, March 15th, The Wall Street Journal ran a very upbeat article entitled, “U.S. Banks Will Turn Last Year’s Fear Into This Year’s Profits”. The article opines that the tens of billions of dollars that were set aside by…
Nation’s Banks, CUs Standing Strong, So Far
Coral Gables, Florida, March 17, 2021 Coral Gables, FL: BAUERFINANCIAL, Inc., the nation’s premier Bank and Credit Union rating firm, remains cautiously optimistic about the condition of our nation’s banks and credit unions. Net income was down in 2020 as…
New Credit Union Star-Ratings
Membership growth slowed at the nation’s federally-insured credit unions in 2020, but that’s not surprising, as most of us were sheltering in the safety of our homes most of the year. Even so, they managed to gain 4 million new…
Businesses Upbeat But CFPB Screams “Help”
The latest Beige Book, released March 3rd and based on information collected through February 22nd, indicates that most businesses are optimistic with the roll-out of the COVID-19 vaccine. Employment levels, already slowly on the rise, are expected to continue that…
New Bank Data Shows Income Down Not Out
All bank star-ratings and reports are now based on year-end 2020 financial data. (Credit Unions will be updated soon.) Three new banks opened their doors during the fourth quarter, bringing the total number of de novos for 2020 up to…