Financial News

The downgrade comes as the Fed left interest rates unchanged Wednesday and indicated it would not raise rates again this year and would halt the balance sheet read more

Fed Chairman Jerome Powell will use his press conference later Wednesday to accentuate the positive about the outlook while avoiding the negative, economists said.

The Share Insurance Fund reported a net income of $226.5 million and a net position of $15.7 billion for 2018. The fund’s assets declined to $15.8 billion read more

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $59.1 billion in read more

WSJ article about high scores. For some reason, my old trick way of accessing WSJ articles no longer seems to work so I cannot post or read the entire thing.

Top tips to help you manage your checking account and enter the world of personal money management.

Federal regulators have taken action against USAA Federal Savings Bank for the second time this year.The Office of the Comptroller of Currency, which regulates read more

Not a customer of either one, but some things will definitely change; some will hate it, some will love it, just putting it out there

BB&T Corp. agreed to buy SunTrust Banks Inc. in the world’s largest bank merger in more than a decade, betting that a combination will allow them read more

“If global growth really weakens and that spills over to the United States, while financial conditions tighten more and we do see a weakening in the U.S. economy, read more

Americans resist change, at least when it comes to their checking accounts: A survey from finance site Bankrate and MONEY found that the average American read more

treasury yields as of 12/31/2018 1 yr  2.63% 2 yr  2.48% 3 yr  2.46% 5 yr  2.51% 7 yr  2.59% (10-year at 2.69%, 0.06% above 1-year)

Among the changes, the standard deduction and AMT exemption amount are increasing.  

Financial institutions big and small want those coveted deposits in the year ahead. Here’s how smaller banks can fight for their fair share:

Credit unions are poised to go green in 2019 - and they don't mean championing the environment. Marijuana will be legal in more than half of the states next year. read more

See a detailed analysis of membership growth at U.S. credit unions in recent years.

The December FOMC minutes were released earlier this afternoon.  Read 'em and weep.

There are many reasons we anticipate this time of year. One of the most exciting things I look forward to each December is the announcement of the Goldenwest Bonus read more

...the median projection among the 17 policy makers targeting two more rate increases next year, to a range of 2.75 percent 3 percent.

from Bloomberg: As of 9:02 AM Eastern time: 1-year 2.62%; 5-year 2.61%

Primary focus this past week on the FOMC's federal funds rate call is sensible and understandable.  But there is a significant secondary aspect of Fed read more

Personal Finance Guide for Federal Employees on Furlough:

The Federal Reserve raised short-term interest rates Wednesday, a widely expected move that President Trump has called “foolish” but that the central bank felt was read more

3.25% 60 month CD  current promotion of Golden State Bankhomepage  https://www.goldenstatebank.com/current-promotion  read more

Dec. 18, 2018 1 yr  2.64% 2 yr  2.65% 3 yr  2.64% 5 yr  2.65% https://www.treasury.gov/resource...x?data=y..

From the CFPB press release Company Violated the Fair Credit Reporting Act and Consumer Financial Protection Act in Furnishing Consumer-Report Information and read more

A comprehensive guide to how local banks benefit your family, your business, and your community.

Cash deposited in Robinhood's 3% checking and savings isn't insured, SIPC says  USA TODAY

This article is oriented toward the stock market.  But if the American economy is cooling, interest rates will level off or even fall.  The article refers read more

What’s easier than running to the ATM or wrestling with a wallet full of cards? Using your phone to transfer money and make purchases. Mobile wallets and mobile read more