People have been seeking safety for their money during the pandemic. With fewer things to spend it on, the cash piles up.
The post-crisis financial policy has a downside.
Startup Beam says it will offer high rates that are FDIC insured with no fees. Some in the industry say the math doesn't work.
A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.