Quarterly bank earnings may tell a bigger story about the U.S. economy right now

Jul 13, 2020
Banks touch many sectors of the economy, that may be struggling — or thriving — during the COVID-19 pandemic.
Chris Hondros/Getty Images

Citi plans to buy PPP loans from minority-owned lenders

May 21, 2020
The arrangement would allow minority-owned lenders to take PPP loans off of their balance sheets.
Citi says it will purchase $50 million in loans from minority-owned lenders.
Bruce Bennett/Getty Images

Big banks pledge overdraft relief so customers reap full benefits of COVID-19 checks

Apr 16, 2020
Big banks say they’ll give customers a temporary break on negative balances.
Stimulus checks are fair game for private debt collectors. But big banks are offering relief for negative balances.
Joe Raedle/Newsmakers

How does the Fed find an extra $2.3 trillion?

Turns out it's much more akin to printing money than it is to borrowing.
The central bank announced yesterday it's making more money available to counteract the economic effects of the pandemic.
Karen Bleier/AFP via Getty Images

Why small business loans for COVID-19 relief may be delayed

The federal government's guidelines for banks only went out Thursday night — hours before the program was supposed to start.
Can banks really start writing emergency loans to small businesses today as expected?
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Why financial startups are choosing human first names

Nov 13, 2019
In an attempt to seem more trustworthy than big banks, financial startups are giving themselves folksy first names.
Carl Court/Getty Images

CFPB is taking a fresh look at bank overdraft fee rule

Jul 2, 2019
The Consumer Financial Protection Bureau is reviewing a 2009 rule that regulates how banks charge customers who overdraw their checking accounts.
Saul Loeb/AFP/Getty Images

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A tale of two payment apps

Apr 26, 2019
Venmo and Zelle look like they should be competitors. But the two payment apps serve very different audiences.
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How the vest became Wall Street's bulletproof armor

Apr 19, 2019
The fleece vest has become ubiquitous in the finance world. Manufacturers are taking note.
Jeff Bezos, chief executive officer of Amazon, arrives for the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. 
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As relaxed regulations spur credit union memberships, banks cry foul

Apr 3, 2019
The two sides will meet soon in federal appeals court.
At the Move Your Money March in the downtown Los Angeles financial district in 2011, Occupy movement members called for people to move their money from banks to credit unions.
David McNew/Getty Images