Banking & Finance
Springfield Chamber Business News
Chambers of Commerce are well known for bringing professionals together. The chamber convenes businesses, connections happen, and partnerships are made. Partnerships are crucial in starting, and supporting, small business in our community, and often, those partnerships happen behind the scenes. In Springfield, our small business community is connected in a web of support that leads…
Read MorePeople’s Bank Year-to-Date Earnings Increase 13%
July 24, 2019 07:45 PM Eastern Daylight Time MEDFORD, Ore.–People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the second quarter and year-to-date 2019. The bank reported net income of $933,000 or $0.30 per basic and diluted share for the second quarter of 2019, compared to net income of $845,000 or $0.28…
Read MoreData Beginning to Clear the Way for a Rate Cut
Central Takeaway If You Don’t Have Any Time This Morning: The Fed hastily delivered a soothing message last week by promising to act appropriately to maintain the expansion. It was hard not to read that as dovish. That combined with the employment data puts a rate cut in play this summer. Things That You Should…
Read MoreAre Middle Market Companies Preparing for an Economic Slowdown?
The Great Recession ended in 2009 and, despite the growth that has prevailed in the decade since, many middle market business owners have been watching economic trends closely and taking steps to prepare for the time when growth stalls. While overall sentiment for the U.S. economy remains very positive, a recent KeyBank survey of 400…
Read MoreA Curve Ball In May
Our Investment Views, Weekly Market Makers By: Shawn Narancich, CFA Executive Vice President of Research Held Hostage by Trade As first quarter reporting season draws to another constructive close, investors’ attention was ripped away from the earnings scorecard and refocused almost exclusively on trade. Today’s imposition of additional tariffs on $200 billion of Chinese imports…
Read MoreSale Prices Surge in Neighborhoods with New Tax Break
By Alexander Casey Sale prices ticked up sharply in some of the nation’s lowest-income and highest – poverty communities near the end of last year-but mostly in the neighborhoods now eligible for newly created tax breaks. Tucked within the Tax Cuts and Jobs Act of 2017 (TCJA) is a somewhat overlooked, but potentially massive, program:…
Read MoreHow to Update Your Employee Handbook
By Jenna Reed, Vice President General Counsel and Compliance Services Cascade Employers Association jreed@cascadeemployers.com If it’s been more than a year since you’ve given your employee handbook a thorough read, chances are it’s already out of date. I don’t know too many people that jump up and down about the prospect of updating their employee…
Read MoreOPPORTUNITY ZONES: WALK, DON’T RUN
by Timothy D. Carkin, CAIA, CMT Senior Vice President Opportunity Zones: Walk, Don’t Run Opportunity zones have become a trending topic in financial circles of late and we are taking a “walk, don’t run” approach when reviewing the space. What Is an Opportunity Zone? For years, legislators have tried different programs to encourage economic development…
Read MoreBest of 2018: Winning is the Absence of Losing
by Charles Marohn There are two notable things about this post that made me glad to feature it in our annual “best of” week. The first is that it’s a good year whenever Nassim Taleb publishes a new book. In 2018, it was Skin in the Game, a book that I’m absolutely going to include…
Read MoreThe Present We Didn’t Ask For
by Jason D. Norris, CFA Executive Vice President of Research Merry Christmas You Filthy Animal – Home Alone 2, Lost in New York – 1992 That’s how equity investors received the Federal Reserve’s rate hike and comments earlier this week. While expectations were for the Fed to raise the federal funds rate by 0.25 percent,…
Read MoreFed Hikes Rates, Market Tumbles
BY: DUY@UOREGON.EDU The Federal Reserve hiked rates as expected at December’s meeting while delivering a more hawkish message than Wall Street was hoping for. Equities tumbled and the yield curve flattened further as Federal Reserve Chairman Jerome Powell’s press conference wore on. I can’t imagine that the Fed is pleased with this outcome. That said,…
Read MoreEconomic Outlook: On the QT … But QT may not be so quiet this time
Commentary by Robert Whelan, ECONorthwest DECEMBER 2018 “On the QT,” a quintessentially American phrase. It means to keep something confidential. Basically, QT is an abbreviation for “quiet.” But there is a new meaning and you will be hearing it more and more in the coming months. This time it will mean anything but quiet. The…
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