Last May (JRN 39:18) we wrote an article entitled, ‘In the Words of Nancy Reagan, “Just Say No.”’ In that article, we reflected on the fact that some of our nation’s largest banks had been allowed to keep acquiring smaller…
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Residential Real Estate Woes, It’s Déjà vu Again
Residential mortgage loans grew by 9.6% ($214 billion) at the nation’s banks during the 12 months ending September 30, 2022. In addition, the quality of these single family mortgage loans improved significantly over the year. The non-current rate for 1-4…
Scrutiny or Not, Big Bank Merger Approved
The long awaited acquisition of 4-Star MUFG Union Bank, N.A. (also known simply as Union Bank) by U.S. Bancorp finally closed in December. The combination of the two banks (Union Bank into 4-Star U.S. Bank, N.A.) will still take several…
4 Decades in, We’re Looking back to the Future
Welcome Back! As Jumbo Rate News enters its 40th year in publication, we thought it would be a good time to look back to how we got here. Let’s set the stage: The year was 1983; Ronald Reagan was President;…
Naughty or Nice? You Decide.
Almost half of all bank service fee income earned by the nation’s banks during the first three quarters of 2022 was charged by three of the largest (pie chart). That makes a good headline, but that doesn’t begin to tell…
Happy Holidays… New Credit Union Star-Ratings
Jerome Powell may be the grinch trying to steal Christmas this year with the help of the Fed’s Open Market Committee. They raised borrowing costs another ½ point this week, making those credit card bills just a little more difficult…
When it Comes to PPP Loans, Not All is Forgiven
It was April 3, 2020, over two and a half years ago, that the first round of Paycheck Protection Plan (PPP) loans began rolling out. By September 30th of that year, U.S. banks had issued more than 4.5 million PPP…
All New Bank Star-Ratings This Week
Welcome Back. While you were out enjoying feasts and football, our staff was pouring over third quarter bank data from the FDIC. Successfully, we might add. All new bank star-ratings can be found both in JRN and at bauerfinancial.com. The…
When it Comes to Investments, Timing is Everything
Almost all U.S. banks hold some amount of securities on their books at any given time. But how they report the value of those securities can make a big difference on the bank’s book equity capital… but not necessarily on…
Because We Can Not Live on Cranberries Alone
We wish we could feast on cranberries alone. That was the only item in the American Farm Bureau Federation®’s (AFBF) Annual Cost of Thanksgiving Dinner Survey that actual decreased in price this year. (Last year it was the cubed stuffing…