We've found that gathering data on income on banks and credit unions is often more difficult than it should be. To make things easier, we've gathered data on both interest income and non-interest income from the National Credit Union Association (NCUA) and displayed it here. Feel free to use it in your research.
We've found that it's harder than it should be to find a list of the top banks according to total deposits, so we've gone ahead and created one. The data is from FDIC as of March 2017. Feel free to use this as a resource in your research.
We've found that it's harder than it should be to obtain a current list of the biggest banks by asset size, so we decided to put it here.
These numbers come from the FDIC in February 2017.
We've found that it's harder than it should be to obtain a current list of the biggest banks by asset size, so we decided to put it here for easy access. No need to go digging through a database. Here it is.
Bloomberg.com just showed why traders are shorting department stores en masse, and the proof should concern banks that are still focused on branches. Put simply, department stores accounted for 9% of all retail sales in the early nineties but now account for less than 3%. At the same time non-store retailers (including Amazon.com) now account for over 10% of all retail sales.
In many ways, 2017 is looking positive for financial institutions. Quarterly net income is trending upward, lending is up, the stock market is up, unemployment is down, interest rates have started to rise, etc.
The Biggest Challenge Facing Banks in 2017
When Moorad Choudhry, author of The Principles of Banking, was asked what’s the biggest challenge facing banks right now, he said that it’s “to stay engaged with the customer.”
Is your company working to develop or select a strong API (Application Program Interface) environment? If the answer is no, hustle quickly to remedy that problem. Over the past few weeks, MoneySummit has covered some of the benefits of re-orienting bank APIs towards Bank to Developer (B2D) and Banking as a Platform (BaaP) models. This week’s API focus: How can your company balance API speed to market with data security considerations?