The number of U.S. banks under foreign company control is now much less than it was 15 years ago, but the assets at some of those banks, particularly those with Canadian company ownership, have grown tremendously. Canadian firms own currently…
Fed Waived its Magic Wand and Rates Stayed the Same
As the Federal Reserve holds out for signs that inflation is moving steadily down toward its 2% goal, the target Fed Funds rate remains between 5.25% and 5.50%. The downside to that is that banks will have to pay more…