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Sunday, September 22, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: banks


Banks help drive U.S. stocks broadly higher after wobbly start

Banks and energy companies helped power U.S. stocks broadly higher in midday trading Wednesday as the market clawed back some of its losses from a day earlier.


UPDATED: Tue., July 9, 2019, 4:02 p.m.

Powell says bank stress tests need to keep evolving

Powell called the tests, which determine whether a bank could survive a severe economic downturn, one of the “most successful supervisory innovations” achieved in the aftermath of the 2008 financial …


When Spokane made cash: The rise and fall, and rise again, of banks in the Pacific Northwest

Money used to be printed in Spokane, Hillyard and cities across the United States.


UPDATED: Fri., Jan. 11, 2019, 8:17 a.m.

Federal workers in Spokane receive help as paychecks held

Employment statistics show there are more than 6,000 federal employees living and working in the Inland Northwest, many of whom are waking up Friday without a paycheck. Local lending institutions …


Almost half of big U.S. banks are failing to satisfy Fed supervisors

More than 40 percent of major U.S. lenders are failing to satisfy the Federal Reserve’s expectations in key areas of risk management, the central bank said Friday in a report …


Banks could face tighter scrutiny under Rep. Maxine Waters

Come January, the banking industry is going to be on Rep. Maxine Waters’ time. With Democrats taking control of the House of Representatives, the California representative is expected to become …


Amazon’s finance ambitions are said to draw attention from Fed

U.S. banks are keeping a watchful eye on the ambitions of Amazon.com and other technology giants to break into the world of finance. So is the Federal Reserve.


Mick Mulvaney does not want you to see complaints against banks that bankrolled his campaigns, report says

A review of Mulvaney’s campaign contributions finds some overlap between the two issues: Eight of the 10 companies subject to the most consumer complaints about their banking practices contributed to …


Big banks saved $3.6B in taxes last quarter under new law

The nation’s six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald Trump.


Stocks jump as technology, industrials and banks rally

U.S. stocks are climbing Thursday morning as technology companies, banks and industrial companies rally. Companies including Delta Air Lines and BlackRock are rising after they reported strong results in the …


UPDATED: Wed., April 11, 2018, 2:38 p.m.

Banks and technology stocks fall; oil rises to 3-year high

Companies including banks and technology and health care firms fell Wednesday after U.S. stocks had surged the day before. Oil prices hit a three-year high after President Donald trump tweeted …


UPDATED: Thu., March 15, 2018, 6:02 p.m.

Senate passes Crapo’s bill easing banking rules

The Senate passed a bill penned by Republican Senator Mike Crapo of Idaho Wednesday designed to ease bank rules that were enacted to prevent a relapse of the 2008 financial …


Banks, industrials fall as trade tensions hit stocks again

U.S. stocks sank again Wednesday as investors worried about tariffs and rising trade tensions. That hurt industrial companies, while banks slumped along with interest rates.


UK leader tries to ease concerns of banks in Brexit talks

British Prime Minister Theresa May is trying to ease bankers’ concerns after she torpedoed one of their biggest demands for Brexit during a speech on the country’s future relationship with …


UPDATED: Mon., Feb. 5, 2018, 8:09 p.m.

Stocks go on a wild ride, briefly sending Dow down 1,600

The Dow Jones industrial average plunged more than 1,100 points Monday as stocks took their worst loss in six and a half years. Two days of steep losses have erased …


Banks, energy companies lead rebound in U.S. stocks

Banks and energy companies led U.S. stocks higher Thursday, erasing modest losses from the day before. Retailers and makers of consumer products also posted solid gains. Small-company stocks rose more …


Federal regulators approve ‘living wills’ for eight large banks

Federal regulators on Tuesday announced they had approved the disaster plans for the nation’s eight largest and most complex banks outlining the strategies they would deploy if they fell into …


Years after Lehman: final rules set on strengthening banks

A global forum of banking regulators has finished its years-long work on rules that aim to keep weak banks from needing taxpayer bailouts and setting off financial crises like the …


UPDATED: Tue., Nov. 7, 2017, 7:13 p.m.

Seattle bank’s app among numerous technologies targeting ATM theft, other fraud

Even though ATM skimming has not yet become a major problem in the Northwest, a Seattle-based bank wants to be ahead of the crime wave by rolling out technology that …


Robots in finance bring new risks to stability, regulators warn

Banks and hedge funds that rely on artificial intelligence threaten to inject risks into the financial system that could exacerbate a future crisis, according to global regulators.


Editorial: GOP disarms little guy in bank fights

You cannot band together with other aggrieved parties and go to court, even if there’s a demonstrated pattern of abuse by the corporations affecting millions of customers.


Big banks score win with scrapping of consumer dispute rule

President Trump and Republicans in Congress handed Wall Street banks a big victory by effectively killing off a politically popular rule that would have allowed consumers to band together to …


Senate kills new rule allowing class-action lawsuits against banks after Pence casts deciding vote

The Senate voted Tuesday night to kill a controversial rule that would have allowed Americans to file class-action suits against banks instead of being forced in many cases into private …


Turkey regulators say no U.S. probe into banks, denying reports

Turkish banks aren’t under investigation and U.S. authorities haven’t sent any information or documents to their Turkish counterparts, Mehmet Ali Akben, the head of the Banking Regulation and Supervision Agency, …


Morocco recalls envoy over Algeria official’s hashish claims

Morocco has recalled its ambassador to Algeria after the Algerian foreign minister claimed Moroccan banks launder money from hashish trafficking.


UPDATED: Wed., Oct. 4, 2017, 2:13 p.m.

Yellen: Fed committed to easing regulations on smaller banks

Federal Reserve Chair Janet Yellen says the Fed is committed to making sure that the regulations it imposes on the nation’s community banks are not unduly burdensome, noting a proposed …


UPDATED: Tue., Sept. 26, 2017, 2:46 p.m.

Trump vows to ‘fix the mess’ as U.S. targets North Korea banks

New U.S. sanctions will punish eight North Korean banks and 26 bank workers living abroad, the Trump administration announced Tuesday, in the first use of new sanctioning powers granted by …


China: Trump bank ban statement ‘not consistent’ with facts

President Donald Trump’s announcement that Beijing told its banks to stop dealing with North Korea is “not consistent with the facts,” a Chinese foreign ministry spokesman said Friday, but he …


UPDATED: Fri., Aug. 25, 2017, 2:29 p.m.

Yellen defends banking overhaul passed after 2008 crisis

Federal Reserve Chair Janet Yellen on Friday defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system’s health and …


UPDATED: Fri., Aug. 18, 2017, 9:08 a.m.

U.S. stocks slide again as industrial companies and banks drop

U.S. stocks continue to skid Friday morning as industrial companies fall after a weak report from farm equipment giant Deere. Banks are also down as bond yields continue to slide, …