In this week’s issue of Jumbo Rate News we take a look back at some of the major events that impacted the banking industry in 2023 – from the failures of some rather large banks early on in the year,…
True Love or Insanity
For 40 years now, 4-Star PNC Bank, N.A., Wilmington, DE (formerly Provident National Bank) has provided us with a whimsical inflation reminder. It calculates how much it would cost to purchase all of the items from the “Twelve Days of…
New CU Star-Ratings + Is There a Soft Landing in Sight?
All credit union and bank star-ratings and reports are now updated based on third quarter 2023 financial data. After the failures this spring of Silicon Valley Bank, Signature Bank and First Republic Bank, a number of big bank deposits made their…
The Grinch(es) Who Stole PPP Money
According the Federal Reserve Bank of St Louis, 90% of all PPP loans had been forgiven by June 20, 2022. Yet, at September 30, 2023, more than a year later, over 1,400 U.S. banks are still reporting some amount of…
New Bank Star Ratings Just Released
All bank star ratings are now based on third quarter 2023 financial data and the word of the day is resilience. However, Bauer currently rates 49 banks 2-Stars or below. (That’s four fewer than last quarter and two fewer than…