Credit unions have grown to become a major factor in the U.S. economy, with assets that have grown at nearly twice the pace of banks over the past decade. Credit unions are owned by their members and are designed to offer lower borrowing costs and higher deposit rates. In addition,…
For years, IDC Financial Publishing (IDCFP) has been covering and analyzing the reported Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), and the Personal Consumption Expenditures (PCE) released by the Bureau of Economic Analysis (BEA). The BEA puts together the national accounts that make up the…
Silvergate Capital, a small bank holding company that owns crypto bank Silvergate Bank, is monitored and ranked by IDC Financial Publishing (IDCFP). Silvergate disclosed the following on March 1 after hours in an SEC filing: That it would restate its financial statements for 2022. That the shocker net loss of…
With the rise in prices, workers are demanding higher pay to preserve their standard of living. Businesses, in turn, are hiking prices to compensate for those bigger wages. As a result, US central bankers are closely monitoring what’s become known as “supercore inflation,” or the prices in service industries. Wages…
Updated for 4th Quarter 2022 Ranks Over the next two years, we expect the number of banks issuing brokered CDs to grow, approaching the prior high of 1500 by 2024 (see Chart I). With the dramatic rise in 2 and 5-year yields, so have the yields offered on brokered CDs increased.…
