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Sunday, May 31, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: finance

UPDATED: Fri., March 20, 2020

Banks, credit unions temporarily closing amid coronavirus outbreak

Several area banks and credit unions are temporarily closing branches and limiting service to drive-thru only amid the coronavirus pandemic.

Federal Reserve proposes loosening rules on bank investments

The Federal Reserve approved a proposal Thursday to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds.

UPDATED: Fri., Jan. 10, 2020

Spokane Valley-based Horizon Credit Union acquires Boise credit union

The merger of the two credit unions will combine assets of more than $1.5 billion across 28 branches in Washington, Idaho, Oregon and Montana.

UPDATED: Wed., Dec. 11, 2019

Spokane-area students learn about realities of financial responsibility through Junior Achievement program

For Maylea Blackerby, learning how to budget for monthly expenses on a fixed income was an eye-opening experience.

Operating in the red: Providence Sacred Heart has been losing money since 2016

Providence Sacred Heart Medical Center is operating at a loss, and has been since 2016, and hospital leaders say this is largely due to expenses outpacing revenue.

UPDATED: Tue., Nov. 5, 2019

Numerica Credit Union offering scholarships to tackle student loan debt

Numerica is offering two, $2,500 scholarships to graduates of an associate, bachelor’s or master’s degree program with an outstanding federal student loan.

UPDATED: Tue., Sept. 17, 2019

Canopy Credit Union opens Spokane Valley branch

After months of construction, Canopy Credit Union has completed its expansion to Spokane Valley with a new, state-of the-art branch that has space for an additional tenant.

Front and Center: Spokane Valley resident Kumiko Love finds her purpose in The Budget Mom

Kumiko Love, an accredited financial counselor, founded

UPDATED: Wed., Aug. 7, 2019

Northwest Farm Credit Services reports drop in Q2 2019 earnings

Spokane-based Northwest Farm Credit Services reported an earnings drop for the second quarter.

Washington Trust Bancorp Inc. reports slight decrease in Q2 net income

Washington Trust Bancorp Inc., parent company of the Washington Trust Co., reported a slight decrease in net income for the second quarter.

UPDATED: Wed., July 3, 2019

S&P 500, Dow industrials and Nasdaq close at record highs

NEW YORK – Investors extended a rally through a holiday-shortened day and pushed the S&P 500 index to its third straight record high close on Wednesday. Other major indexes also …

U.S. stocks rebound to nudge the S&P 500 to record high again

Stocks shook off an early wobble to eke out small gains Tuesday, nudging the S&P 500 index to an all-time high for the second straight day.

Region’s gig economy leads to more “side hustle” jobs

Coeur d’Alene resident Desiree Harrison is one of many Americans working a side hustle. Since the Great Recession, the gig economy – a labor market consisting of workers who don’t …

UPDATED: Thu., June 27, 2019

Northern Quest Resort & Casino inks partnership with BECU to rename outdoor amphitheater

Northern Quest inked a five-year agreement with Tukwila-based BECU to rename its outdoor concert venue to BECU Live at Northern Quest Resort & Casino.

UPDATED: Tue., June 25, 2019

Forbes magazine ranks Horizon Credit Union as third best credit union in the state

Forbes magazine has named Horizon Credit Union as one of the top five credit unions in Washington. The Spokane Valley-based credit union is ranked third on Forbes’ list of America’s …

UPDATED: Mon., June 24, 2019

Four generations of Stantons have led Washington Trust Bank over the past 100 years

Peter Stanton, who is the fourth generation in the family to lead the Spokane-based bank, attributes its success to financial conservatism and emphasis on customer service.

Give us some credit: Spokane ranks third in the nation for rising credit scores in 2019

More than 53% of residents raised their credit scores in 2019, placing Spokane third out of 100 cities with the largest increase in scores nationwide, according to a recent report …

UPDATED: Mon., April 22, 2019

STCU to acquire customer accounts from Banner Bank branch in Sandpoint

Spokane Teachers Credit Union is acquiring customer accounts from a Sandpoint branch of Banner Bank, pending state and federal approval.

UPDATED: Mon., April 22, 2019

Spokane Federal Credit Union changes name to Canopy Credit Union

Spokane Federal Credit Union is changing its name to Canopy Credit Union as part of a rebranding effort that also includes a new logo.

WSECU moving Spokane Valley branch to new location

Washington State Employees Credit Union is moving to a new location in Spokane Valley.

Where they stand: Rep. Cathy McMorris Rodgers, Lisa Brown on taxes, trade deals and the budget

The largest piece of legislation passed by this Congress was last year’s federal tax bill, which made sweeping changes to both individual and corporate filers. Rep. Cathy McMorris Rodgers says …

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

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

Teachable Moment: Questions and answers after a week of market volatility

As U.S. stock markets oscillate through a week of volatile ups and downs, anyone with money in the markets likely will have questions about the long-term health of their investments …

Inslee budget a good starting point

There is a need to fully fund public schools and finally remove the yoke of the McCleary ruling that has dominated discussion in Olympia for far too long.

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.

Equifax victims may face another hassle in buying an iPhone

Apple fans who froze their credit after the Equifax data breach may end up with another hassle on their hands if they try to get one of the new iPhones …

UPDATED: Fri., Aug. 25, 2017

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 …

SEC invites public comment on potential sale of Chicago Stock Exchange

The proposal by a group of Chinese investors to buy the Chicago Stock Exchange is on hold while the Securities and Exchange Commission takes time to consider letters from the …

Stock market’s Goldilocks rally still has growth potential

The “Goldilocks” rally still has juice. That perfect environment to sustain broad market gains – when global growth is fast enough to lift corporate profits, but tame enough to keep …

UPDATED: Wed., July 19, 2017

Wall Street efforts to improve its image fail to sway Americans

Bad news for financial titans like JPMorgan Chase’s Jamie Dimon and Goldman Sachs Group’s Lloyd Blankfein: Most Americans hold unfavorable views of Wall Street banks and corporate executives, and distrust …