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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...
Digital is the future of everything. And banks should have been at the front of the line. They have the most to gain. It has not worked out that way. The simple reason is fear. Bankers...
Roughly 10 years ago, we suffered the largest slowdown in the U.S. economy since the Great Depression. Bear Sterns was given away at fire-sale prices, as was Countrywide Home Loans and many other...
Today we have what seems to be a limitless number of options to choose from for our personal finances. Savings and checking accounts, mortgages, and auto loans from various financial institutions...
Just like with most financial institutions, credit unions know that lending is one of the driving forces behind growth. The more loans they give out, the more money they can make — which can...
Insurance companies typically don’t elicit much sympathy from the public. We see them as either predatory, thieves or, at the very least, on par with lawyers as businesses that we rarely choose to...
The Federal Reserve approved its second interest rate hike of 2017 last week. It decided to bump the rate by an additional 0.25% to a new target rate of 1.25%. In the aftermath of this move, let’s...
Last week I talked about declining number of banks and how this downward pattern may leave us with fewer options to choose from. But our latest round of ratings gives us some encouraging news...