Citibank, a Wall Street financial institution, will pay a total of $100 million to 42 states, including Washington, for manipulating a key interest rate before and during the Great Recession, costing investors millions of dollars.These manipulations may have led investors to make riskier investments than they realized, or impacted the...
With more than 2 million individual taxpayer identification numbers, or ITINs, set to expire at the end of this year, the Internal Revenue Service is urging affected taxpayers to submit their renewal applications soon to beat the rush and avoid refund delays next year.In the third year of the renewal...
Mining in the Northwest was different in the 1890s.Back then, miners hunted for gold in the streams and mountains of Alaska and the Yukon with picks and shovels. Seattle was a jumping-off point and supply center for gold miners.Today, central Washington, upstream of the Tri-Cities, has become the focus of...
Yoke’s Fresh Market seeks to fill vacancy with another bank, credit unionGlobal Credit Union has closed its two Tri-City grocery store branches.Officials shuttered locations inside the Pasco and Kennewick Yoke’s Fresh Market stores on Jan. 31.Global Credit Union’s 1,600 Tri-City members may keep their accounts open and rely on mobile banking,...
Trends in the Washington state banking industry are generally positive coming into 2018. The 44 state-chartered and three nationally-chartered banks headquartered in Washington are stable and the financial condition of these institutions has continued to improve.
It’s hard to start a business on optimism alone.Brett Spooner, an attorney with Gravis Law PLLC in Richland, said what makes it even more difficult is that entrepreneurs are limited when it comes to soliciting the capital they need to get their businesses off the ground.“The goal of the Security...
By Beau RuffYou’ve likely heard the conventional wisdom many times. Your friends or family, or even at times the bank teller, will counsel you that you should add your child to your bank account. Perhaps it’s a checking account or a savings account, or both. The advice goes something like...
by Ben CoxBeing a farmer means being ready for anything. Ben CoxWhether managing through unreliable weather, planning against volatile crop prices or adapting to changing consumer preferences, the life of a farmer is anything but predictable. Today, the agricultural industry must also contend with new technologies that change how farmers...
Washington and six other states have launched a new national approach to licensing money service businesses.These businesses, known as “fintech” companies, include money transmitters, payment service providers and currency exchangers.Fintech refers to new technology used to support or enable banking and financial services.Generally, money service businesses have to apply for...
Tri-City growth prompts new locations on Gage, HildebrandNumerica Credit Union is opening two new branches in Kennewick this year.The company experienced tremendous growth in 2016, with loans growing by more than $224 million and deposit accounts by more than $175 million.The Spokane-based Numerica, which also serves northern Idaho and the...
