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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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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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Just how safe are credit unions?

Jun 2, 2023
They have been known to fail, but generally they take less risk with their money than banks. Experts say make sure your deposits are insured.
Both credit unions and banks are generally safe, but credit unions may take less risk with the money you've deposited.
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Who's on the hook for money the FDIC paid uninsured depositors?

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

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.
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Have short sellers been tanking bank stocks? Group wants SEC to investigate

May 5, 2023
Short selling's legal. Misrepresenting a firm's finances for profit isn't.
Short sellers bet against First Republic Bank. The American Bankers Association is urging the Securities and Exchange Commission to see if market manipulation was involved.
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Why Jamie Dimon is the CEO that bridges Wall Street and Washington

Emily Flitter of The New York Times explains how the head of JPMorgan became one of the key people trying to shore up the banking system.
"It's not like Jamie Dimon has dictatorial control over the situation the way John Pierpont Morgan Sr. did, but there are some incredible similarities," says New York Times reporter Emily Flitter. Above, the JPMorgan Chase CEO.
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For public good, not for profit.

Apple's savings account upends traditional banking — or does it?

May 4, 2023
The accounts certainly look traditional, except they also come from a non-banking global brand.
An Apple logo is displayed at store in Shanghai on May 10, 2019.
Hector Retamal/AFP via Getty Images

Why 2008 financial crisis regulations didn't prevent the recent bank failures

May 3, 2023
Three major bank failures in two months. What happened to all those regulations?
"SVB was among the large regional banks that really should have been engaging in stress testing and wasn’t," said Columbia Law professor Kathryn Judge.
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Fed raises key interest rate but hints it may pause amid bank turmoil

May 3, 2023
The Fed’s rate increases over the past 14 months, aimed at quelling inflation, have elevated the cost of loans and heightened the risk of a recession.
The Federal Reserve signaled that it may pause its series of rate hikes, which have made borrowing more expensive in a bid to quell inflation. Above, Fed Chair Jerome Powell in March.
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