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Banks

FedNow payment system launches

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

by Sabri Ben-Achour , Alex Schroeder and Erika Soderstrom
Jul 20, 2023
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
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The financial consequences of empty offices

by David Brancaccio , Alex Schroeder and Erika Soderstrom
Jul 13, 2023
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.
Justin Sullivan/Getty Images
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What’s the right amount of capital for banks to have on hand?

by Stephanie Hughes
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.
Michael M. Santiago/Getty Images
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Banks in Turmoil

Regional banks still face challenges after bank runs

by Lily Jamali
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
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Mortgage demand is up, but lenders are more cautious

by Justin Ho
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.
Joe Raedle/Getty Images
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Banks in Turmoil

Banking crisis may be fueling the rise of so-called "shadow banks"

by Kai Ryssdal and Andie Corban
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.
Spencer Platt/Getty Images
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Banks in Turmoil

Who's on the hook for money the FDIC paid uninsured depositors?

by Kimberly Adams
May 12, 2023
The agency wants the country's largest banks to split the cost of refilling its coffers. But smaller banks aren't sure they're in the clear.
After stepping in to rescue depositors after recent bank failures, the Federal Deposit Insurance Corp. wants to replenish its insurance fund. Above, the agency's logo at a First Republic Bank branch.
Patrick T. Fallon/AFP via Getty Images
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Banks in Turmoil

One way to make banks safer? Make them "narrower."

by Justin Ho
May 12, 2023
Limiting riskier, illiquid investment could make banks and the financial system more stable — but the Federal Reserve isn’t so sure.
A narrow bank could just lock your money away in a vault behind the tellers or park it in a liquid investment. But those options aren't very profitable.
Evening Standard/Getty Images
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Race and Economy

Native-serving financial institutions "fill gaps," but new federal rules could undermine them

by Savannah Maher
May 10, 2023
Community development financial institutions are mostly concerned about a ban on extended-term mortgages and balloon payments.
When Joshua Iron Shell decided to start his own roofing business, a Native CDFI helped him get his finances in order and secure a loan.
Courtesy Joshua Iron Shell
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