With rising interest rates, and plenty of cash on hand, banks may be looking to lend

Apr 13, 2022
Banks are starting to offer "teaser rates" to get consumers in the door.
People walk past the JP Morgan Chase  Building on Park Avenue. An influx of deposits during the pandemic have put many banks in position to lend.

Could China's payments system be a SWIFT workaround for Russia?

China's system is known as the Cross-Border Interbank Payments System, or CIPS for short.
China's CIPS interbank payments system is seen as a possible avenue for Russia after it was cut off from the more widely used SWIFT system.

Louis DeJoy on why he’s slowing mail and raising prices at the USPS: “We have no money”

Nov 17, 2021
The Postmaster General explains his controversial plan for the future of the Postal Service.
Postmaster General Louis DeJoy testifies during a hearing before the House Oversight and Reform Committee in 2020.
Tom Williams/Getty Images

Here's a powerful position at the Fed you likely don't know about

Sep 21, 2021
What is the vice chair for supervision? Only the top banking cop at the Fed ... but the job description can still be vague.
The Federal Reserve building in Washington, DC.
DANIEL SLIM/AFP via Getty Images

About a quarter of Americans have no emergency savings

Jul 21, 2021
A Bankrate.com survey found that while the pandemic has afforded some the opportunity to save money, many low-income households could not.
Around 25% of Americans report having no emergency savings, up from 21% in 2020, per a new Bankrate.com survey.
Hugh Pinney via Getty Images

With child tax credit payments coming, FDIC wants more people to use banks

Jul 14, 2021
A disproportionate number of Black and Latinx Americans don’t have bank accounts. Studies show they could be losing money.
The Federal Deposit Insurance Corp. is trying to reduce the proportion of Americans who lack accounts, leaving many to pay check-cashing fees.
Justin Sullivan/Getty Images

Big banks' second-quarter earnings come with caveats

Jul 13, 2021
Remember: this economy is very unusual.
The headquarters of Goldman Sachs in New York City. The bank reported second-quarter earnings today that blew past Wall Street expectations, posting a net profit of almost $5.5 billion.
Johannes Eisele/AFP via Getty Images

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Physical bank branches are good for building relationships with customers whom the bank hopes will buy more services over time.
Andrew Caballero-Reynolds/AFP via Getty Images

Walmart wants to be your bank

Jan 12, 2021
It's making a bet that people will want to bank where they already get their groceries, pet care and prescriptions.
Walmart is creating a bank that may strengthen its position in retailing.
Scott Olson/Getty Images

Why commercial lending fell last quarter despite low interest rates

Dec 2, 2020
The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.
Johannes Eisele/AFP via Getty Images