The Reincarnation of the Bank Branch
Since COVID-19, large U.S. banks have continued closing branches while community banks have steadily opened new ones, particularly in rural and underserved markets. After years of decline, bank branch growth has finally resumed, with three consecutive quarters of net branch…
The “Modernization” of Mutual Banking
Conversions and consolidation have gradually been decreasing the numbers of our nation’s mutual banks for years. As a result, the Federal Reserve has proposed its first major update since 1993 to the rules governing the mutual holding companies and mutual…
“Will Deliver Price Stability” …Eventually
Fed Chair Kevin Warsh reiterated the Fed’s commitment to returning inflation to its 2% target but left rates unchanged as he emphasized patience and noted that tighter market conditions are already helping. Warsh has launched five task forces to review…