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Banks

Economic Pulse

How banks use Big Tech's deposits to fund the fossil fuel industry

by David Brancaccio and Jarrett Dang
Jun 22, 2022
Some tech giants have pledged to decarbonize operations. But their cash contributes to climate change, says environmentalist Bill McKibben.
Longtime environmental activist Bill McKibben says banks are worsening climate change by financing carbon-intensive projects, and much of the cash comes from tech giants.
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Commercial lending could rebound this year

by Justin Ho
Jan 14, 2022
Business lending has been sluggish throughout the pandemic. But there are signs that commercial lending is starting to pick up again.
Some businesses are currently taking advantage of low interest rates for loans.
Justin Sullivan via Getty Images
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Big banks set to give investors good earnings news

by Andy Uhler
Jan 10, 2022
Bank investors expect continued strength in 2022 because yields on loans could rise along with Federal Reserve rate hikes.
Bank profits may increasingly be driven by trading, investment and cryptocurrency rather than consumer lending.
Justin Sullivan via Getty Images
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Some big Wall Street banks reverse their back-to-office plans — again

by Meghan McCarty Carino
Jan 3, 2022
They've been among the most aggressive employers when it comes to bringing workers back into face-to-face contact.
Despite investment banking companies' preference for in-person work, omicron has complicated the return-to-office plans of JPMorgan, Citigroup and Goldman Sachs.
Johannes Aisele/AFP via Getty Images
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New lender aims to boost access to credit for Native farmers, ranchers

by Savannah Peters
Dec 20, 2021
Indigenous agricultural producers say they've had it with the federal government's loan programs.
The Native American Agriculture Fund’s financial institution will support the tribe-owned community banks that many Indigenous producers use.
Cavan Images via Getty Images
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Demand for bank loans isn't strong. Housing loans are the exception.

by Justin Ho
Oct 15, 2021
Consumers and businesses have used pandemic benefits to pay down loan balances.
While pandemic relief helped individuals and businesses pay the bills, demand for residential loans has remained strong this year.
Joe Raedle via Getty Images
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How might a Federal Reserve digital currency work?

by Nancy Marshall-Genzer
Oct 7, 2021
People without access to a regular bank account might be able to have one with the Fed, but that also raises privacy concerns.
The Federal Reserve Building in Washington, D.C.
Chip Somodevilla/Getty Images
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How Afghanistan's money exchangers "grease the economy"

by Kai Ryssdal
Sep 23, 2021
The informal network of exchangers are making money available in ways banks can't, says Cambridge research fellow Nafay Choudhury.
“Given the instability in the country, money exchangers are going to become very important, again, in playing an important role to meet financial needs,” says Nafay Choudhury, research fellow at the University of Cambridge.
Javed Tanveer/AFP via Getty Images
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Why are some large banks taking a hard line on workers returning to the office?

by Meghan McCarty Carino
Jul 16, 2021
Unlike the tech sector, the finance world is putting a big emphasis on face time.
People wait to use an ATM outside a Chase branch in New York City.
Cindy Ord/Getty Images
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Banks pump up shareholder payouts as Fed ends pandemic limits

by David Brancaccio , Rose Conlon and Meredith Garretson
Jun 30, 2021
Dividend hikes and stock buybacks are on the way.
Wells Fargo, for instance, is doubling its dividend and plans to buy back $18 billion in stock.
Spencer Platt/Getty Images
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