What is a bank? A bank is a financial institution authorized to provide service options for customers who want to save, borrow or accrue more money. Banks typically accept deposits from, and offer ...

Interest is one of the ways lenders make their money, and it’s what makes it worth it for them to give out loans. If you’re borrowing money, interest is the cost the bank charges you for the service.

Understanding how bank interest rates work is crucial for making informed financial decisions. Whether you're saving or borrowing, knowing the difference between active and passive rates can ...

A client of mine, John, called last month asking what he should do with some extra cash sitting at a local bank. I asked what “extra” meant and what he wanted to accomplish. He paused for a moment and ...

Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and ...

Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Penny ...

Key insight: Generative AI shifts effort downstream, creating hidden productivity costs. What's at stake: Missed controls can cost banks time, reputation and millions annually. Supporting data: Forty ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The FDIC wants to change how ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Some Birmingham banks are partnering with local tech ...

Key takeawaysUS banks are prioritizing tokenized versions of familiar products, including deposits, funds and custody, rather than launching new crypto-native assets.Most onchain bank activity is ...