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…
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Forget About Ham, Grab Yourself a Turkey
The cost of a traditional thanksgiving dinner dropped 4.5% from last year. If you don’t notice when you’re paying your grocery checkout, it’s likely because prices are still 25% higher than they were in 2019. Farmers and ranchers only see…
Subpar Credit Unions with Uninsured Deposits
The total of uninsured shares/deposits reported by U.S. credit unions was cut by $7 billion during the 12 months ending June 30, 2023. However, at $158 billion, uninsured credit union deposits remain quite high. What’s more, $630 million of that…
New CRA Rules Coming Soon
Originally established in 1977, The Community Reinvestment Act (CRA) was designed to encourage banks to meet the credit needs of their entire community (and end redlining), with a particular focus on low to moderate income areas. A fresh look at…
Not All Bank Service Fees are Junk Fees
Mr. Rohit Chopra and the Consumer Financial Protection Bureau (CFPB) are working hard to bring down fees that are not justified (i.e. junk). In fact, in its Fall 2023 issue of Supervisory Highlights, the CFPB reported that its work has…
It’s Not the Water, It’s the Economy
The commercial loan sector is one that continues to make news for all of the wrong reasons. A list of 51 banks is provided in this week’s issue of Jumbo Rate News that are each showing signs of stress in…
More Bank Regulation Means More CUs Buying Banks
Since the beginning of 2022, 20 credit unions have completed bank acquisitions; several more acquired just branches. More bank regulations only serve to compound this phenomena. Page 5 of this week’s Jumbo Rate News includes the 20 credit unions that acquired…
Credit Union Share (Deposit) Growth
After the three fairly large and very public bank failures earlier this year, we heard much anecdotal evidence that deposits fled from banks to credit unions. Credit Union deposits did, indeed grow by 2.13% in the first quarter. Bauer’s LLAMAS…
Bank Growth Has Taken Flight
In the past 20 years, the number of banks in the United States has been cut in half while industry assets have grown by 163%. Some of this is due to mergers and acquisitions as the industry has consolidated. Upon…
U.S. Credit Card Debt Surpasses $1 Trillion
Household Debt in the United States has increased 53% in the past 10 years and consumers are becoming less optimistic about their financial futures. There are 53 banks that saw their consumer loan portfolios grow at least 2.5% during the…