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A Better Deal for American Depositors
Category : Press
The financial asset most widely held by U.S. households – bank deposits – is earning a miserly interest rate, far below competitive market rates…
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The Public Option Works
Category : Press
Competition in banking deposit markets is weak but can be strengthened. Because of the weak competition in deposit markets, the Federal Reserve, surprisingly, began competing against banks for the funds…
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The Fed refuses to do business with the safest bank on earth – and depositors pay the price.
Category : Press
“If you live in Connecticut, there’s a new bank in town whose only business goal is to pay its depositors a rate very close to the Federal Reserve’s IOER (interest on excess…
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The Fed wants to veto state banking authorities. But is that legal?
Category : Press
“The Federal Reserve has recently used a once-obscure policy lever to thwart two efforts at financial innovation. In one case, a new credit union hoped to serve marijuana-related businesses; in the second,…
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Why The ‘Narrow Bank’ Regulatory Discussion Signals Upcoming Disruption.
Category : Press
“The global financial crisis reminded banks that,while bad credit can be a cancer- like slow killer, a liquidity crunch can be a sudden executioner. The result was new regulations that…
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The Fed Likes Safe Banks. It’s Not So Sure About This One Though.
Category : Press
“James McAndrews says a fundamental shift in the way the Federal Reserve interacts with the American financial system is coming. Soon. He should know. The former co-director of research at…
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