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Lending

Buying Discover would make Capital One bigger — and give it a payments network

by Stephanie Hughes
Feb 20, 2024
There are only four such networks for credit cards, and building a new one can take decades.
Buying a payments network is a lot easier than starting one, says Andrew Davidson with Comperemedia.
Scott Olson/Getty Images
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Why does a bank sell your mortgage?

by Samantha Fields
Feb 6, 2024
Most are sold into the secondary market, which increases liquidity and makes it easier to get a mortgage at a lower interest rate.
Today, upward of 70% of mortgages are sold into the secondary market, typically bundled with others to create a mortgage-back security. It can be annoying, though, when your servicer changes.
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Banks in Turmoil

Higher interest rates and troubled commercial real estate are piling pressure on regional banks

by Justin Ho
Jan 22, 2024
We'll be getting a sense of how they're doing as they report quarterly results this week.
A view inside a Silicon Valley Bank location in March 2023. Since the collapse of SVB, a lot of small and mid-sized banks have tried to stop depositors from pulling out their money by raising interest rates on deposits.
Noah Berger/AFP via Getty Images
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The business lending environment is tough right now — especially for people of color

by Justin Ho
Jan 15, 2024
The Biden administration has tried to make it easier for business owners to get loans. But high interest rates are a challenge.
Nicole Davis, who owns an accounting firm, said her Black business clients typically have a harder time qualifying for loans, often because they lack generational wealth.
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Banks in Turmoil

Could commercial real estate still tank regional banks?

by Matt Levin
Dec 21, 2023
A new study says that 300 regional banks are at risk of collapse because of the high number of vacancies in office buildings.
The delinquency rate on office loans tripled this year, says Trepp's Stephen Buschbom.
Charly Triballeau/AFP via Getty Images
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With higher interest rates, small businesses and lenders proceed with caution

by Justin Ho
Oct 10, 2023
Only a quarter of small businesses say they're getting the credit they need, according to the National Federation of Independent Business.
Some banks have been more cautious about lending to certain sectors of the economy that aren’t doing so well. That includes commercial real estate.
Alexi Rosenfeld/Getty Images
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It's getting harder to obtain loans. That's exactly what the Fed wants.

by Stephanie Hughes
Jul 18, 2023
Fewer loans means less consumer spending, and less consumer spending means lower inflation.
"Most people's financial wiggle room is pretty small, even before they have to start repaying their student loan," said Matt Schulz at LendingTree.
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Banks in Turmoil

Banking crisis may be fueling the rise of so-called "shadow banks"

by Kai Ryssdal and Andie Corban
May 15, 2023
Hedge funds and private equity loans might lend like banks, but they're not regulated like them.
Shadow banks are financial institutions that provide loans but don't take deposits.
Spencer Platt/Getty Images
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Banks in Turmoil

One way to make banks safer? Make them "narrower."

by Justin Ho
May 12, 2023
Limiting riskier, illiquid investment could make banks and the financial system more stable — but the Federal Reserve isn’t so sure.
A narrow bank could just lock your money away in a vault behind the tellers or park it in a liquid investment. But those options aren't very profitable.
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Banks in Turmoil

Banks are borrowing less from the Federal Reserve

by Nancy Marshall-Genzer
Apr 14, 2023
That's good news, but banks are still borrowing a lot more from the Fed than they typically do.
New central bank data shows that banks borrowed about $9 billion less from the Fed in the week ending April 12, according to Krishna Guha, vice chair of Evercore ISI.
Kevin Dietsch/Getty Images
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