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Banking

Here's a powerful position at the Fed you likely don't know about

by Nancy Marshall-Genzer
Sep 21, 2021
What is the vice chair for supervision? Only the top banking cop at the Fed ... but the job description can still be vague.
The Federal Reserve building in Washington, DC.
DANIEL SLIM/AFP via Getty Images
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About a quarter of Americans have no emergency savings

by Amanda Peacher
Jul 21, 2021
A Bankrate.com survey found that while the pandemic has afforded some the opportunity to save money, many low-income households could not.
Around 25% of Americans report having no emergency savings, up from 21% in 2020, per a new Bankrate.com survey.
Hugh Pinney via Getty Images
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With child tax credit payments coming, FDIC wants more people to use banks

by Florian Martin
Jul 14, 2021
A disproportionate number of Black and Latinx Americans don’t have bank accounts. Studies show they could be losing money.
The Federal Deposit Insurance Corp. is trying to reduce the proportion of Americans who lack accounts, leaving many to pay check-cashing fees.
Justin Sullivan/Getty Images
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Big banks' second-quarter earnings come with caveats

by Amanda Peacher
Jul 13, 2021
Remember: this economy is very unusual.
The headquarters of Goldman Sachs in New York City. The bank reported second-quarter earnings today that blew past Wall Street expectations, posting a net profit of almost $5.5 billion.
Johannes Eisele/AFP via Getty Images
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Why does Citibank want to open more branches in the age of online banking?

by Justin Ho
May 17, 2021
Mostly, it's about marketing.
Physical bank branches are good for building relationships with customers whom the bank hopes will buy more services over time.
Andrew Caballero-Reynolds/AFP via Getty Images
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Walmart wants to be your bank

by Kristin Schwab
Jan 12, 2021
It's making a bet that people will want to bank where they already get their groceries, pet care and prescriptions.
Walmart is creating a bank that may strengthen its position in retailing.
Scott Olson/Getty Images
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Why commercial lending fell last quarter despite low interest rates

by Justin Ho
Dec 2, 2020
The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.
Johannes Eisele/AFP via Getty Images
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U.S. households had better bank access in 2019, FDIC says. And then the pandemic happened.

by David Brancaccio , Erika Beras and Alex Schroeder
Oct 20, 2020
A higher unemployment rate and economic turmoil means the number of unbanked households could rise again.
Justin Sullivan/Getty Images
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rural America

Rural bank branches more scarce than ever

by Kimberly Adams
Dec 3, 2019
The Federal Reserve found that over 40% of rural counties lost bank branches in the five years to 2017.
Saul Loeb/AFP/Getty Images
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ATM withdrawal fees are getting pricier

by Justin Ho
Oct 3, 2019
Charges are especially high for using out-of-network machines.
Overdraft fees are at an all-time high, according to Bankrate.
Mario Tama/Getty Images
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