Banks

Banks have invested trillions of dollars since the Paris Agreement went into effect.

Many are struggling with high deposit rates and shaky commercial real estate portfolios. Some seek to bulk up as a solution.

Regulators are more watchful, and banks are trying to be more resourceful.

Regional lender New York Community Bancorp swapped out its CEO last week following the revelation of what it called “material weaknesses in the company’s internal controls.

Rising interest rates have cranked up the interest banks are paying depositors. But banks also have a lot of cash stuck in low-interest bonds and loans they made before the Federal Reserve started raising interest rates.

Consumers often choose a familiar name, despite the costs. The CFPB's findings come as credit card debt in the U.S. is rising.

Amid high interest rates and vacancy rates, lenders and regulators are concerned about the fallout when borrowers renew their loans.

"Wage growth now is greater than inflation," Bostic says. "But I don't think people feel like they've caught up all the way and that's just going to take some time."

The concept actually has a long and contentious history.

The classic way banks make money rests on three words: net interest income.