Some banks are lending less in an uncertain economy

Jan 21, 2021
Many businesses are nervous about borrowing right now. And banks aren't earning much on the loans they are making.
The lending decline for some banks comes despite the fact that interest rates are at near-record lows.
Andrew Caballero-Reynolds/AFP via Getty Images

Fed pandemic lending programs a sticking point in COVID relief talks

Dec 18, 2020
Some Senate Republicans want a new COVID relief bill to prohibit the Fed from restarting pandemic lending programs.
The Fed programs include Main Street business loans and purchases of corporate and municipal bonds. Pictured: Fed Chair Jerome Powell at a House committee hearing on Dec. 2, 2020.
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Why big banks are reporting better-than-expected earnings during the pandemic downturn

Oct 14, 2020
Quarterly earnings for big banks like Citigroup and JPMorgan Chase are beating expectations thanks to a soaring stock market.
Citigroup's net income of $3.2 billion, or $1.40 per share, topped analyst expectations for the third quarter.
Justin Sullivan/Getty Images

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

With mortgage delinquencies at a low, can lenders afford to loosen up a bit?

May 14, 2019
Consumer advocates say it's time to loosen restrictions imposed after the housing collapse.
A foreclosure sign.
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Dan Kitwood/Getty Images

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What layoffs in the mortgage industry say about our economy

Nov 16, 2018
It’s been a year of transition for Wells Fargo after a series of scandals in its consumer banking business. The company’s paid billions of dollars in penalties and just announced it’s cutting 900 jobs in its mortgage division. The job cuts are part of a big restructuring plan the bank announced back in September, with […]

Netflix to borrow an additional $2 billion to fund new shows

Oct 24, 2018
The streaming service has already borrowed more than $8 billion to fund original programming. Can it keep borrowing?
Netflix CEO Reed Hastings delivers a keynote address at CES 2016 at the Venetian Las Vegas.
Ethan Miller/Getty Images

Netflix to borrow an additional $2 billion to fund new shows

Oct 24, 2018
The streaming service has already borrowed more than $8 billion to fund original programming. Can it keep borrowing?
Netflix CEO Reed Hastings delivers a keynote address at CES 2016 at the Venetian Las Vegas.
Ethan Miller/Getty Images