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As the clean-up begins in earnest after Hurricane Harvey, the storm’s financial impact inevitably comes to mind. Customers have loans and deposits with banks in the region, and they may worry...
Last week’s article about community banks revealed that while they may be large in number, they don’t represent as much of the overall industry in terms of assets. After the article went online,...
Have you ever seen a bank tucked away in some shopping plaza, or just sitting on some lonely street corner? Then you looked at the name of it and thought to yourself: “What is this bank? I’ve...
As I drive around town here in South Florida, I keep seeing more lots being sealed off with chain link fences — and “Financed by Bank So&So” signs slapped on the front. It usually doesn’t take...
Banks aren’t created to provide you with free financial services. They’re here to make money just like any other business. In fact, the U.S. banking industry netted $160.5 billion last year and...
Everywhere you look, something in the real world seems to be getting replaced by something digital. Thankfully, the real world has started to strike back. This week, The Wall Street...
The Dodd-Frank Act – Three words that make the financial industry cringe. Banks, credit unions, and the big dogs on Wall Street have been struggling to keep up with the law, and fighting it on...
Quantum physics and tiny satellites hundreds of miles above Earth will form the basis of the next leap in global communications. “Quantum communications.” That’s what scientists call this...
A couple of days ago, someone came up to me and asked a really interesting question: “What do credit unions do with their money? They’re not-for-profit organizations, so what happens with the...
Since the financial crisis of 2007-2009, government agencies have taken a number of steps to ensure that banks can weather another economic downturn. In a perfect world, the next downturn...