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Big banks post big profits

Oct 13, 2023
The classic way banks make money rests on three words: net interest income.
Big banks JPMorgan Chase, Wells Fargo and Citigroup told investors they netted a combined $22 billion this past quarter.
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The Federal Reserve could help instant payments catch on

Aug 2, 2023
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.
A couple of weeks ago, the Federal Reserve launched FedNow, a new payment service that allows people to send and receive money instantly.
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FedNow payment system launches

Jul 21, 2023
The Federal Reserve's payment system will allow participating banks to transfer money within seconds.
FedNow will allow banks that participate to transfer money within seconds, something other countries have been able to do for years.
Saul Loeb/AFP via Getty Images

Here's what might happen if all that open office space stays empty

One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
Office building vacancies are climbing, property values are sagging. That might have implications for all of the investors tied up in commercial real estate debt.
Andrew Caballero-Reynolds/AFP via Getty Images

The financial consequences of empty offices

Offices are at the epicenter of seismic pandemic shifts, per McKinsey's Aditya Sanghvi. They need to become places where people want to be.
Almost every company is reevaluating its relationship with commercial real estate, says Aditya Sanghvi of McKinsey.
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What’s the right amount of capital for banks to have on hand?

Jul 11, 2023
More than they currently do, says the Federal Reserve’s vice chair for supervision.
It’s always a balancing act for bank regulators to figure out how much capital is enough.
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Regional banks still face challenges after bank runs

Jun 16, 2023
They've been operating under more scrutiny from the federal government and trying to manage the Federal Reserve's higher interest rates.
Silicon Valley Bank was one of the regional banks that failed earlier this year.
Patrick T. Fallon/AFP via Getty Images

Mortgage demand is up, but lenders are more cautious

Jun 14, 2023
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.
Mortgage demand and mortgage supply are moving in different directions.
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Banking crisis may be fueling the rise of so-called "shadow banks"

May 15, 2023
Hedge funds and private equity loans might lend like banks, but they're not regulated like them.
Shadow banks are financial institutions that provide loans but don't take deposits.
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