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Banking & Finance

Millennials forced to play with unluckiest hand

Generation hesitated to invest after 2008 financial crisis, faces rising costs to borrow
April 27, 2023
Noah Schwab
Millennials, members of the generation born between 1981 and 1996, have been dubbed the 'unluckiest generation” regarding financial timing. They are coming of age during economic instability and macro environment changes that have drastically
Read More

Parting Thoughts with bank executive Phyllis Campbell

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April 27, 2023
Karina Elias
A half-century after starting her banking career in Spokane, Phyllis Campbell, 71, has retired from her last banking role as chairman of JPMorgan Chase & Co. for the financial services company's Seattle-based Pacific Northwest region.
Read More

Markets show signs of resilience so far this year

Investors still polarized between extreme fear, renewed bullish attitude
April 13, 2023
Tim Mitrovich
After a brutal 2022 across most asset classes, many investors probably felt 'cursed,” and as we entered 2023, there was no shortage of doomsday scenarios being espoused. And yet, risk markets year-to-date have proven to be resilient despite a still
Read More

Cd'A-founded Idaho Trust sees steady growth

Two-branch institution's finance services include managing clients' wealth
April 13, 2023
Keith Erickson
Operating out of its original branch in downtown Coeur d'Alene for nearly three decades, Idaho Trust Bank has seen robust growth with a mix of traditional banking and wealth-management services. Idaho Trust co-founder and CEO Tom Prohaska says
Read More

Recent bank stress is far different from 2008 financial crisis

Industrywide performance, however, expected to be lag on economic recovery
April 13, 2023
Shawn Narancich
The wave of rolling crises the world experienced 15 years ago amid what would come to be known as the global financial crisis stands in marked contrast to that being experienced today in U.S. banking. We reflect on the shotgun weddings of JP Morgan
Read More

SECURE Act 2.0 focuses on US small business

Legislation encourages such employers to set up worker retirement plans
April 13, 2023
Noah Schwab
With over 90 changes, the SECURE Act 2.0 of 2022 aims to entice small businesses to build upon the original Setting Every Community Up for Retirement Enhancement Act passed in 2019 to help Americans save more for retirement.
Read More

Longer life span underscores need for financial reassessment

Target-date model may come up short as couples live longer
April 13, 2023
Michael Maehl
Long-term risk. This refers to the ongoing challenge we always have as investors. It's not what most folks like to hear, but understanding and accepting that there is no way you can control the markets-or your investments-is
Read More

Selling business takes cautious consideration

Lawyer raises questions that should be pondered prior to sale, acquisition
April 13, 2023
Asif Lundstrom
So you're thinking about selling your business. First off, congrats. If you're selling your business, then a chapter-or more like a novel-is coming to an end.
Read More

Parting Thoughts with Spokane Media Federal Credit Union's Debie Keesee

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April 13, 2023
Karina Elias
After 26 years as the CEO of Spokane Media Federal Credit Union, Debie Keesee will step down from her post, effective Friday, April 14. Keesee launched her career in the credit union industry in 1978 when she was 19 years old. She attended Eastern
Read More

Guidance on Washington's Capital Gains Tax

Levy may impact some business sales, highly appreciated stocks here
April 13, 2023
Karina Elias
Spokane financial advisers and accountants say they're somewhat surprised the Washington state Supreme Court upheld the state's new tax on certain capital gains, and they're renewing efforts to examine its effects on high-net worth clients, sales
Read More
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