The Washington State Investment Board, which manages public trust and public employee retirement funds in the state, has filed suit to recover more than $100 million in losses related to investments it made through Lehman Brothers Holdings lawsuit,
Study of financial planners says generation faces storm of asset-diminishing factors
June 4, 2009
More than three-quarters of the financial services professionals polled in a recent research survey say the current economic downturn has had a significantly greater impact on their boomer generation clients than on any other generation. More 73
Spokane-based Inland Northwest Bank says it has bought a site in Spokane Valley for a freestanding bank branch that it plans to start building soon.The property is at the northwest corner of Sprague Avenue and Progress Road, next to a Chuck E. a
Qwest Communications International Inc., of Denver, says Spokane-based Sterling Savings Bank has agreed to reinforce its network disaster recovery capabilities with data hosting space in Qwest's data center in Seattle. Under a three-year and are
Despite enduring its first quarterly loss in at least two decades in 2009, Numerica Credit Union has experienced strong growth in loans, deposits, and total assets, says Jennifer Lehn, the Spokane Valley-based credit union's executive vice reported
Horizon Credit Union, of Spokane, says it has teamed up with Digital Insight, a unit of big software maker Intuit Inc., to provide customers with online financial management software.Called FinanceWorks, the Quicken-based software helps manage a
Fraud against businesses is costly and grows more rampant during a recession, national research reports say. Still, though the signs usually are easy to spot, oftentimes the crime isn't caught until significant financial damage has been done, fraud
Washington credit unions, once seemingly sheltered from the financial crisis, now are facing one of the biggest challenges to their health since they were formed in the wake of the Great Depression.As a result of a trio of problems, stemming the
A home-mortgage refinancing surge that began in December has caused banks and credit unions here to scramble to meet demand from consumers who want to take advantage of historically low interest rates, though there are signs now that the surge be a
Lounge expands into former Prago space The Lion's Lair bar, located in an about 1,400-square-foot space at 205 W. Riverside, has leased the similarly-sized adjacent space that formerly housed Prago Argentine Caf, and is using it to