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Larger credit card issuers charge higher rates than smaller ones

Feb 16, 2024
Consumers often choose a familiar name, despite the costs. The CFPB's findings come as credit card debt in the U.S. is rising.
The median interest rate that larger issuers offered to customers with good credit is 28%, according to the Consumer Financial Protection Bureau.
Justin Sullivan/Getty Images

With commercial real estate set for another tough year, some small banks are worried

Jan 17, 2024
Amid high interest rates and vacancy rates, lenders and regulators are concerned about the fallout when borrowers renew their loans.
Plenty of companies are planning to downsize their office space, which worries lenders that have a lot of commercial real estate debt on their balance sheets.
David McNew/Getty Images

Atlanta Fed president: "This economy has even exceeded my expectations of resilience"

Dec 15, 2023
"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."
In the fight to bring down inflation, Atlanta Fed President Raphael Bostic emphasizes being  "patient, cautious and resolute."
Courtesy Atlanta Federal Reserve

Big banks post big profits

Oct 13, 2023
The classic way banks make money rests on three words: net interest income.
Big banks JPMorgan Chase, Wells Fargo and Citigroup told investors they netted a combined $22 billion this past quarter.
Justin Sullivan/Getty Images

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.
Daniel Slim/AFP via Getty Images

FedNow payment system launches

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

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

The financial consequences of empty offices

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

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.
Michael M. Santiago/Getty Images