Big Banks | Boomers Daily

Barron’s Magazine – March 27, 2023:

The 10 Years Before Retirement Are Critical. How to Be Ready.

While retirement planning is a decadeslong endeavor, the way you handle your final decade before leaving the workforce will have a critical impact on how ready you’ll be when that day finally arrives.

“It hits about 10 years out—this train is coming to me,” says Danielle Byrd Thompson, a financial professional at Equitable Advisors in Washington, D.C. “It’s like a time clock is starting.”

Analysis: At Dollar General, a Record of Overcharging

A Barron’s analysis finds that four states fined the retailer a total of more than $1 million for price inaccuracies in 2021 and 2022.

Preferred Shares Offer a Better Way to Bet On Banks

With fat yields and more safety than common stock, preferred shares can be lifeboats for investors navigating banking’s stormy seas. Why bigger is better for small investors.

Schwab and the Bank Mess: Sizing Up the Firm’s Risks

The brokerage’s stock has plunged by more than a third this year as customers yank cash from low-yielding “sweep” accounts. What’s ahead.

Barron’s Magazine – March 20, 2023:

Banks Survived Another Week—and the Biggest Ones Look Like Winners

The nation’s banking giants will be beneficiaries of the industry’s turmoil. They have cheap stocks, and hefty dividend yields.

First Republic Bank and SVB Both Courted Wealthy Clients. That Wasn’t Enough.

Investors and customers fell in love with these two Silicon Valley banks and their CEOs. Then they fled as the crisis hit.

Why Regulators Didn’t Spot the Risks at Banks—How to Stop the Next Failure

The banking sector is in turmoil. But the causes are very different from 2008.

The Fed’s New Bind

Some economists say the Federal Reserve must pause its interest-rate-rising campaign to help bolster banks, while other economists say that such a pause would indicate the Fed isn’t serious about taming inflation.