A new way to invest in medical research is moving through Congress

The LOANS bill would make BioBonds available to researchers ready to move their emerging therapies into clinical trials.
Venture capital is the traditional funding mechanism for medical research companies, says Jason Menzo, CEO of Foundation Fighting Blindness. BioBonds would provide another revenue stream with less risk for investors.
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Banks may become more selective about who gets loans

Mar 21, 2023
The collapse of SBV could lead to increased scrutiny around potential risks for banks.
After the collapse of Silicon Valley Bank and Signature Bank, financial institutions may become more selective about who gets loaned money.
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Could the Fed's new emergency bank lending program encourage risky behavior?

The Fed's new program may incentivize banks to take more risks, says analyst Joseph Wang.
The Fed's freshly created Bank Term Funding Program could reduce the incentives for banks to follow good practices, says analyst Joseph Wang.
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Who's responsible for paying the failed banks’ depositors?

Mar 14, 2023
The money’s coming from a fund run by the FDIC that derives most of its revenue from banks.
The Federal Deposit Insurance Corporation, which insures bank deposits, said it will shoulder the load of covering deposits at the failed Silicon Valley and Signature banks.
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For Community Development Financial Institutions, new rules are on the way

Mar 7, 2023
The Treasury is changing the certification process for the first time in more than two and a half decades.
New requirements by the Treasury Department would tighten the mission of CDFIs by requiring money to go toward the most financially underserved groups.
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Banks are weighing environmental, social issues when investing. Some states punish them for it.

Mar 3, 2023
ESG considers environmental, social, and corporate governance factors along with profitability. Republican opponents call it "woke investing."
Republican-controlled states are increasingly targeting investment strategies that consider environmental, social, and corporate governance factors.
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One big bank halts new fossil fuel investments. Will others follow?

Dec 29, 2022
HSBC said it will stop investing in new oil and gas fields. Climate activist Bill McKibben calls it a welcome first step.
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For public good, not for profit.

When community banking means easier access to loans

Dec 22, 2022
Institutions like the NYC-based Carver Federal Savings Bank emphasize community development as a core part of their missions.
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No noon meetings: Citigroup tries to address burnout

Oct 20, 2021
Along with protecting the lunch hour, the bank also suggested meetings should be no more than 45 minutes.
Bloomberg reports that Citigroup told staff to reduce meeting times and avoid lunchtime meetings.
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How the birth of the index fund revolutionized the investing world

Oct 12, 2021
In his new book, journalist Robin Wigglesworth looks at the cast of characters who kickstarted the index fund and how it's grown into the trillion-dollar business it is today.
In an excerpt from his new book, "Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever," journalist Robin Wigglesworth tracks the growth of the index fund from invention through to today.
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