Europe's Credit Suisse is in trouble. Could its problems infect the rest of the financial system?

Mar 15, 2023
The bank, much larger than SVB, found problems in its financial reporting. Its Saudi funders ended support, but Swiss officials may step in.
Credit Suisse, an institution with global reach, has had problems prior to the current turmoil in the banking industry.
Fabrice Coffrini/AFP via Getty Images

Bank rules rollback contributed to SVB's failure, critics say

Mar 13, 2023
The rollback of Dodd-Frank reforms exempted many of the country's largest banks from stricter regulations put in place after 2008.
Customers line up to retrieve funds from a Silicon Valley Bank in Santa Clara, California, on Monday. President Joe Biden partially blamed the rollback of Dodd-Frank banking regulations for SVB's failure.
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When community banking means easier access to loans

Dec 22, 2022
Institutions like the NYC-based Carver Federal Savings Bank emphasize community development as a core part of their missions.
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High interest rates mean anxiety for borrowers, but a "great new story" for savers

Nov 22, 2022
Laurie Stewart, CEO of Sound Community Bank in Seattle, says she's seen a "real uptick in demand for deposits."
The Federal Reserve's rate hikes continue, but mortgage rates are trending downward.
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A Nobel Prize-winning economist's view of bank runs and deposit insurance

Oct 19, 2022
Professor Philip Dybvig, co-winner of this year's Nobel Prize in Economic Sciences, co-authored a seminal paper on how deposit insurance can help prevent financial crises.
Philip Dybvig jointly won the 2022 Nobel Prize in Economic Sciences for his research on bank runs, deposit insurance, and financial regulation.
Courtesy Washington University in St. Louis

What are your options after sending money by accident? It depends.

A recent court case involving Citi brought the issue of accidental payments into the spotlight.
While there are legal protections for consumers around accidental payments and fraud, banks have a spotty record of following them, says Carla Sanchez-Adams of the National Consumer Law Center.
Courtesy Steven Byeon

Black, Hispanic and poorer families pay the price for being "unbanked"

Aug 22, 2022
Low-income, Black, and Hispanic Americans are much more likely to lack a bank account or use alternative financial institutions like payday lenders.
A new report from the Joint Economic Committee in Congress finds that Black, Hispanic, and poorer Americans are much more likely to be considered "unbanked" or "underbanked".
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For public good, not for profit.

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.
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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.
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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.
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