News

PHOENIX -- In the wake of the weekend failure of three Western banks all part of a $3 billion Arizona holding company coupled with the $42.5 million midyear loss of Arizona Federal Credit Union, CUs here, in Nevada and in California were girding Monday for more safety and soundness queries...

WASHINGTON -- Federal regulators closed two banks owned by First National Bank Holding Company of Scottsdale, Ariz.

FREDERICK, Md. -- The three card issuing banks which collectively control 60% of the US credit card market have only posted slow growth, according to a Web site which tracks card industry data.

NEW YORK -- This time last summer, banks were eager to issue commercial loans without any pressing concerns on whether a borrower could manage the payments. However, banks are now much pickier about who gets the loans, especially among newer and smaller businesses, the New York Times reported today.

NEW YORK -- This time last summer, banks were eager to issue commercial loans without any pressing concerns on whether a borrower could manage the payments. However, banks are now much pickier about who gets the loans, especially among newer and smaller businesses, the New York Times reported today.

ATLANTA -- Credit unions with more than $300 million in assets keep too much cash on hand--more than $100,000 per branch on average, according to financial institution profit consultants Ceto and Associates.