federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

Banks’ Low Interest Rates Costing Them Deposits

Banks’ Low Interest Rates Costing Them Deposits
Banks’ Low Interest Rates Costing Them Deposits
October 23, 2018  |  Banking

The country’s four largest banks reported a combined 5 percent drop in U.S. deposits that earned no interest in the third quarter, compared with a...

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Invoice Fraud Hits Microsoft?
Invoice Fraud Hits Microsoft?
October 19, 2018  |  B2B Payments

Invoice fraud — changing details so that money is routed to fraudsters’ bank accounts — may have hit Microsoft through one of its own employees. Elsewhere,...

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Retail Sales Reach $509B In September
Retail Sales Reach $509B In September
October 15, 2018  |  Retail

Falling short of economists’ expectations, retail store and restaurant sales grew by only 0.1 percent from August to September to reach a seasonally adjusted figure...

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Tech Stocks, Quickly Falling From Investors’ Favor?
Tech Stocks, Quickly Falling From Investors’ Favor?
October 11, 2018  |  Economy

At this writing at least, it ain’t over yet – the selling, that is. Get the Full Story Complete the form to unlock this article...

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Rate Hikes Hint At Credit-Card Debt Trap
Rate Hikes Hint At Credit-Card Debt Trap
October 10, 2018  |  Economy

Now, it seems, interest rates have garnered some, well, interest. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Behind Stock Selloff And Yield Rise, Hints At Consumer Impact?
Behind Stock Selloff And Yield Rise, Hints At Consumer Impact?
October 05, 2018  |  Economy

Stock gains – they yield for yield gains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Fed Backs Community Bank Regulatory Overhauls
Fed Backs Community Bank Regulatory Overhauls
October 04, 2018  |  B2B Payments

The U.S. Federal Reserve caught the attention of the financial services market this week with Fed Governor Lael Brainard’s speech Wednesday (Oct. 3) on the...

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In Singapore, Cross-Border Mobile Payments Via…Via 
In Singapore, Cross-Border Mobile Payments Via…Via 
October 04, 2018  |  B2B Payments

In further cross-border inroads in Asia, Singtel debuts Via, while Ripple finds traction with xRapid and issues thoughts on blockchain in payments. Plus, the Fed...

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