Latest News & VACUL Headlines
- Margin Expansion Driving Increases in US Bank Profitability
November 14, 2022Thanks to a bulging net interest margin, net revenue across the U.S. banking industry reached another all-time high in
the third quarter of 2022. Wider margins more than offset shrinking balance sheets, weaker fee income and higher
expenses, according to S&P Global Market Intelligence data. - Deposit Outflows are Forcing Some Banks to Play Defense
November 14, 2022A growing outflow of deposits is starting to cause headaches for some banks, forcing them to play defense in order to maintain enough cash to make loans.
- Cortez Masto Wins in Nevada; Democrats Hold Onto Senate
November 14, 2022The Associated Press called the Nevada Senate race for incumbent Democrat Catherine Cortez Masto Saturday night, securing Democratic control of the upper chamber while several races in the House remain too close to call.
- Comp Selection is at the Heart of Appraisal Bias, Advocacy Groups Claim
November 14, 2022A study conducted by the National Community Reinvestment Coalition this summer found that racial disparities in home valuations exist and that biases in selecting comps are a big factor.
- As Crypto Investments Sputter, Payments Get a Second Wind
November 14, 2022Even after the so-called crypto winter saw the valuations of many prominent digital currencies plummet, crypto companies are teaming with payment firms to make a growth push.
- FTX Files for Chapter 11 Bankruptcy; CEO Steps Down – Bloomberg
November 14, 2022FTX Trading Ltd. filed for Chapter 11 bankruptcy with a federal court in Delaware and Sam Bankman-Fried resigned as CEO, Bloomberg News reported Nov. 11.
- How Credit Unions Can Use Data to Reach the Underserved
November 14, 2022Credit unions competing for market share in underserved communities against large banks and challenger financial institutions need to harness deeper data sets to better understand the needs of potential members.
- With Banking Regulators on the Sidelines, Congress Eyes Crypto Legislation after FTX Implosion
November 14, 2022The stunning fall from grace of crypto firm FTX is prompting policymakers across Washington to consider how regulation of the broader cryptocurrency world could affect the financial system, including the safety and soundness of banks.
- Treasury Yield Curve Points to Recession with End of Fed Hikes Uncertain
November 14, 2022The cries of recession from the U.S. government bond market are getting louder. Shorter-term Treasury yields have skyrocketed more rapidly than longer-dated yields as the Federal Reserve has hiked rates at the most aggressive pace in decades in its push against soaring inflation. That has caused key portions of the yield curve to invert to levels not seen since the early 1980s, while the market's top recession indicator has fallen to depths not seen since the early days of the pandemic.
- Scams Can Cost Seniors $42K on Average: How Advisors Seek To Curb the Issue
November 14, 2022As new fraud trends emerge and scammers continue to prey on vulnerable seniors and their investments, regulators are coming together to discuss preventative strategies — and are calling upon financial advisors to do more to fight the exploitation of older at-risk Americans.