The concept actually has a long and contentious history.
The classic way banks make money rests on three words: net interest income.
Many small banks have been hesitant to offer instant payments, even though they’ve been available for years. But the central bank’s FedNow service could cause more banks to give instant payments a try.
The Federal Reserve's payment system will allow participating banks to transfer money within seconds.
One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
Offices are at the epicenter of seismic pandemic shifts, per McKinsey's Aditya Sanghvi. They need to become places where people want to be.
More than they currently do, says the Federal Reserve’s vice chair for supervision.
They've been operating under more scrutiny from the federal government and trying to manage the Federal Reserve's higher interest rates.
Mortgage applications rose last week, thanks in part to a dip in mortgage rates, according to a new report. But credit availability has been falling.
Hedge funds and private equity loans might lend like banks, but they're not regulated like them.