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Banks

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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Bank CEOs will likely face social issue questions from Congress

by Justin Ho
May 26, 2021
The bank leaders may be asked about diversity and lending practices during the pandemic.
Kena Betancur/AFP via Getty Images
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The pros and cons of leaving bank auto pay on autopilot

by Nancy Marshall-Genzer
May 11, 2021
Pros: fast and convenient. Cons: getting billed twice, trouble unsubscribing from a service and losing track of payments.
Auto pay works well for fixed payments, but it can be dangerous for bills with fluctuating amounts.
fizkes via Getty Images
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House approves cannabis banking bill

by Nancy Marshall-Genzer
Apr 20, 2021
Most banks shy away from letting cannabis businesses open accounts, fearful they could run afoul of federal laws.
Cannabis is still illegal under federal law, and most banks shy away from letting cannabis businesses open accounts, because the cash could be considered proceeds from illegal activity.
Drew Angerer/Getty Images
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FDIC campaigns to get the unbanked to open accounts

by Justin Ho
Apr 7, 2021
Over 7 million Americans don't have bank accounts. One big incentive to opening one: direct deposit of federal relief payments.
There are plenty of reasons why disadvantaged communities might avoid the banking system, but one benefit is the ability to deposit relief money.
Justin Sullivan/Getty Images
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BNY Mellon announces it will offer cryptocurrency services

by Justin Ho
Feb 12, 2021
Mainstream banks may offer a layer of legitimacy to cryptocurrency that is appealing to big institutional investors.
Storing cryptocurrency like Bitcoin hasn’t always been easy. People have to worry about hackers and keep track of passwords for their digital wallets.
Dan Kitwood/Getty Images
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Why is the price of silver soaring?

by David Brancaccio , Nova Safo , Victoria Craig and Alex Schroeder
Feb 1, 2021
Individual investors are apparently fueling the increase. It's a similar strategy to what we've seen with GameStop stock.
Retail investors are now targeting big banks who have bet against the price of silver.
Bet_Noire via Getty Images
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COVID-19

Some banks are lending less in an uncertain economy

by Justin Ho
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
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