“Although the over 18-month wait TNB has endured is concerning, it does not approach the 30-year mark. If TNB had been waiting 30 years for a decision, I would have…
CONTINUE READINGProviding better options to hold money safely is desirable and feasible; failure to do so is a serious but fixable flaw in the legal architecture of money and payments in…
CONTINUE READINGNarrow banks are depository institutions, entities, or facilities whose main purpose is to offer nonbanks overnight investments that are, directly or indirectly, fully backed by central bank liabilities.
CONTINUE READINGTraditional banks borrow money and fail when they can’t repay. The result, as the Great Recession showed, is potential economic devastation requiring massive taxpayer bailouts. If the Great Recession taught…
CONTINUE READINGNarrow banks would funnel cash to the Fed to get its rate – money managers are intrigued…
CONTINUE READINGFed overreaching by attempting to rewrite its chartering authority, TNB says; investment firm DE Shaw also reveals intentions to launch a narrow bank…
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