Stories tagged: banks
SATURDAY, SEPT. 15, 2012
Sizing up TARP: In Lilac City, a Sterling example
Bailout has become a dirty word. Like most dirty words, it has migrated a long way from any actual meaning and become a verbal cudgel. It might be useful to …
THURSDAY, JULY 19, 2012, 6:25 P.M.
Bank robbed in Spokane’s Indian Trail area
A masked man robbed a bank in northwest Spokane today.
WEDNESDAY, MARCH 7, 2012, 10 A.M.
Another bank robbed in Spokane, police say
A robbery has been reported at Sterling Savings bank at 103 E. Queen Ave. in north Spokane.
SATURDAY, OCT. 15, 2011, 1 A.M.
Shawn Vestal: It’s time to think outside of the bank
Are you stuck in a loveless marriage? Feeling taken advantage of? Taken for granted? Taken for a fool?
WEDNESDAY, JULY 20, 2011, 1:54 P.M.
Suspected bank robber arrested in Spokane River
A convicted child rapist and suspected bank robber was pulled from the Spokane River today after leading police on a chase into a cemetery.
SUNDAY, FEB. 20, 2011
Caldwell: Prudent Wheatland a star in banking circles
Wheatland Bank earned a profit last quarter, as it has for every quarter since it was founded in Davenport 32 years ago. The holding company, Community Financial Group Inc., raised …
FRIDAY, FEB. 18, 2011
Shawn Vestal: ‘Loan mods’ leave Main Street crumbling
In April 2009, a Kootenai County homeowner struggling to pay the mortgage got a letter encouraging enrollment in a federal program meant to help people avoid foreclosure. The homeowner called …
SUNDAY, SEPT. 5, 2010
Bert Caldwell: Costs high, benefits higher in saving Sterling
The successful recapitalization of Sterling Financial Corp. may well be the best economic news of 2010 for Spokane. Thanks in part to that “bailout” we all say we hate.
TUESDAY, AUG. 31, 2010
Sterling Financial paying millions to new chairman
New Sterling Financial Corp. Chairman Les Biller was paid $1.5 million to accept the position, and will receive a total $4.5 million by Dec. 31, 2012, unless he resigns. Biller’s …
SUNDAY, AUG. 29, 2010
Sterling turns the corner after cease-and-desist order
A new Sterling Financial Corp. management team did not know what would be expected of them in October 2009. Federal and state regulators had forced the board of directors to …
THURSDAY, APRIL 29, 2010
GOP relents on financial bill
WASHINGTON – Ending three straight days of solid opposition, Senate Republicans agreed Wednesday to start a full-scale debate on the most far-reaching proposals to toughen regulation of financial institutions since …
MONDAY, APRIL 26, 2010
George Goehl: Pass reform to send banks crucial message
As kids, we brought our rolled-up coins to the bank and opened savings accounts. The bank would pay us interest for letting it reinvest our money. Later, we’d borrow from …
TUESDAY, MARCH 30, 2010
Bank is bright spot in federal bailouts
NEW YORK – Bank bailouts are turning out to be great business for the government. Unfortunately for taxpayers, other federal rescues will almost certainly wind up in the red. The …
MONDAY, FEB. 1, 2010, 2:22 P.M.
Sterling Financial reports big losses for 2009
Writedowns on its loan portfolio resulted in large losses for Sterling Financial Corp. in the fourth quarter and all of 2009.
FRIDAY, JAN. 22, 2010, 7:24 A.M.
Stocks fall for 3rd straight day on bank worries
Stocks retreated Friday for the third straight day on fresh concerns about potential new banking and trading regulations.
FRIDAY, JAN. 22, 2010
Obama calls for bank limits
WASHINGTON – Trying to ride a wave of public anger at Wall Street, President Barack Obama on Thursday proposed tough new restrictions designed to limit the size of the nation’s …
THURSDAY, JAN. 21, 2010
Wells Fargo confident, but analysts have doubts
NEW YORK – Wells Fargo says it sees signs of recovery in its loan business. But the big bank may be more of an exception than a leading indicator that …
THURSDAY, JAN. 14, 2010, 11:09 A.M.
Obama tells banks: ‘We want our money back’
President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. “We want …
TUESDAY, JAN. 12, 2010
Obama weighing levy on banks
WASHINGTON – President Barack Obama is weighing a levy on financial institutions to help recover shortfalls in a $700 billion bank bailout fund and to help balance a budget that …
TUESDAY, DEC. 15, 2009
Obama calls on banks to lend
WASHINGTON – Even as major banks scramble to repay billions of dollars in taxpayer aid, President Barack Obama took the nation’s top bankers aside Monday and implored them to do …
FRIDAY, NOV. 13, 2009
Fed asserts protective role in banning fees on overdrafts
Flexing newfound muscle as consumer protector, the Federal Reserve on Thursday banned overdraft fees on automated teller machine and debit-card transactions unless consumers have actively opted for an overdraft protection …
TUESDAY, SEPT. 1, 2009
Bailout’s bottom line
WASHINGTON – A gaggle of big banks have repaid their loans to the government under the $700 billion financial rescue. Is there a chance taxpayers will eventually recoup the rest …
MONDAY, AUG. 17, 2009, 7:55 A.M.
Banks added 10,000 branches in boom
Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city, minority neighborhoods, another sign the …
THURSDAY, AUG. 6, 2009, 12:10 P.M.
Judge hears arguments on WaMu retirement accounts
SEATTLE — A federal judge heard arguments on what should happen with retirement accounts for tens of thousands of past and present Washington Mutual employees.
TUESDAY, JUNE 30, 2009
Court: States can challenge banks
WASHINGTON – State governments can challenge the practices of national banks in court, the Supreme Court held Monday, in a decision that bolsters the power of states relative to federal …
WEDNESDAY, JUNE 10, 2009
Banks to return bailout money
WASHINGTON – Ten of the nation’s biggest financial companies got a green light Tuesday to return $68 billion in federal bailout money – freeing the banks from limits on executive …
MONDAY, JUNE 8, 2009
Some banks will get leave to repay Treasury loans
WASHINGTON – The Obama administration plans to announce as soon as today that some of the nation’s largest banks can repay billions in federal aid, but some officials caution that …
THURSDAY, FEB. 26, 2009
Stress test details released
The federal government released details of its “stress tests” for major banks Wednesday, saying they must be strong enough to weather a worse-than-expected economic scenario including a 22 percent drop …
TUESDAY, FEB. 3, 2009
Fed says banks still being tight with credit
WASHINGTON – Many banks have made it harder for borrowers to obtain all kinds of loans over the past three months despite a $700 billion federal bailout program and a …
FRIDAY, JAN. 30, 2009
Credit card breach offers lesson
Consumers getting notices from banks or credit unions about possible fraud on their credit cards should take an active, daily role in monitoring their accounts, area bank officials say. First …