interest rates

Banks play game of chicken with municipal depositors

02/28/18

A debate is brewing about whether rising rates mean banks must pay more to hold onto deposits from city and county governments — and whether they are worth it. Some would say no question on both counts, while others say it all depends on the financial strategy of the client and how badly the bank needs that client.

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Big banks got huge tax cuts, then hiked cities' interest rates

02/15/18

As U.S. banks were tallying up the billions of dollars in extra profits they'll reap from the sweeping tax cuts signed into law by President Donald Trump, they were quietly delivering unwelcome news to local governments: The interest rates on their loans were about to go up.

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Bank stocks rebound after Monday's wild ride

02/06/18

Bank stocks recovered some of their lost value on Tuesday on extremely high levels of trading volume. The lone exception: Wells Fargo.

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Fears about borrowing costs, rates drive down bank stocks

02/05/18

Bank stocks tumbled on Monday amid a wider sell-off as investors' concerns mounted that wage growth could lead to inflation, higher borrowing costs for businesses and a slowdown in Fed rate hikes.

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Loan growth from tax cuts might take a while

01/16/18

Though business owners are more optimistic about the direction of the economy since the tax law was passed, it's doubtful their borrowing will increase meaningfully until they see more signs of more robust growth, bankers say.

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Fed payments to Treasury fell in 2017 due to interest rate hikes

01/10/18

The Fed said Wednesday that the system paid roughly $80.2 billion to the Treasury in 2017, a 13% drop from a year earlier because of an increase in interest payments to member banks for reserve balances.

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Community banks prepare to fight for deposits

12/21/17

Banks are looking for ways to capture and retain deposits as interest rates rise, including promotional offers and focusing on relationship banking.

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Bankers should resolve to be more paranoid in 2018

12/20/17

The economy is ripe for another downturn in the months or years to come, and banks shouldn’t be lulled into a false sense of security.

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Another warning on bitcoin; Quantum leap

12/15/17

Bank of Canada governor says digital currencies could cause “significant disturbance”; JPM testing quantum computing's abilities.

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Senate panel overwhelmingly approves Powell as Fed chair

12/05/17

Sen. Elizabeth Warren, D-Mass., was the only member of the Senate Banking Committee to oppose the nomination of Federal Reserve Board Gov. Jerome Powell to lead the central bank.

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