Banking, Economics and Financial Institution

How does fractional reserve banking grow the economy?

Global Banking & Finance

JANUARY 3, 2024

How does fractional reserve banking grow the economy? Fractional Reserve Banking (FRB) is a cornerstone of modern economies, playing a pivotal role in facilitating economic growth and development. This banking system empowers financial institutions to leverage their assets, create credit, and stimulate economic activity.

Bank

Lebanon Detains Riad Salameh, Former Head of Central Bank

The New York Times: Banking

SEPTEMBER 4, 2024

Riad Salameh, once seen as an international financial wizard, is the subject of multiple inquiries and has attracted blame for the country’s economic crisis.

Economics

How does the bank make a profit?

Global Banking & Finance

JANUARY 22, 2024

How does the bank make a profit? In the complex landscape of finance, banks play a pivotal role in facilitating economic growth by providing a multitude of services. However, have you ever wondered how these financial institutions actually make a profit?

Profitability

Profitability Bank Banking Financial Institution

Russia’s Wartime Spending Raises Fears of an Economic Bubble

The New York Times: Banking

JULY 31, 2023

The economic strength has helped to maintain popular support for Vladimir Putin’s war, but some have warned the state-led spending is threatening the country’s financial stability.

Economics

Economics Financial Institution Government Banking

Bank of England Holds Rates Steady Amid Signs of Weakening Economy

The New York Times: Banking

NOVEMBER 2, 2023

Britain’s central bank said that interest rates would need to remain high for an “extended” period, and that economic growth was expected to be flat over much of the next two years.

Bank

Bank Banking Economics Financial Institution

European Central Bank Leaves Rates Unchanged as Price Pressures Ease

The New York Times: Banking

DECEMBER 14, 2023

percent, the bank said economic growth was expected to remain “subdued” in the short term. Although the inflation rate has fallen to 2.4

Bank

Bank Banking Economics Financial Institution

Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates

The New York Times: Banking

MARCH 29, 2024

Jerome Powell said that strong economic growth gives Federal Reserve officials room to be patient, and he emphasized the institution’s political independence.

Economics

European Central Bank Cuts Rates for Second Time in Three Months

The New York Times: Banking

SEPTEMBER 12, 2024

percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy. The reduction, to 3.5 percent from 3.75

Bank

Yellen Says Stable Financial System Is Key to U.S. Economic Strength

The New York Times: Banking

FEBRUARY 5, 2024

The Treasury secretary will offer an upbeat assessment of the economy on Tuesday, a year after the nation’s banking system faced turmoil.

Economics

Economics Bank Banking Financial Services

China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks

The New York Times: Banking

OCTOBER 11, 2024

The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.

Bank

Bank Banking Finance Finance

People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending

The New York Times: Banking

SEPTEMBER 14, 2023

The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.

Bank

Bank Banking Business Financial Institution

Bank of Japan Raises Interest Rates for Second Time Since 2007

The New York Times: Banking

JULY 30, 2024

The closely watched move by the Bank of Japan could bolster the country’s beleaguered currency.

Bank

Bank Banking Financial Institution Stock

China’s GDP Grew in 2023, but Economic Strains Lurk

The New York Times: Banking

JANUARY 16, 2024

Gross domestic product expanded 5.2 percent, as China worked to export more to make up for weak demand, high debt and a steep property contraction at home.

Economics

Economics Debt Financial Institution Manufacturing

Central Banks Around the World Are Cutting Rates

The New York Times: Banking

SEPTEMBER 18, 2024

Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.

Bank

Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes

The New York Times: Banking

AUGUST 10, 2023

The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.

Economics

Bank of England Holds Rates Steady but Signals Gradual Easing

The New York Times: Banking

SEPTEMBER 19, 2024

The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.

Bank

Powell Faces Economic Crossroads as He Prepares to Speak at Jackson Hole

The New York Times: Banking

AUGUST 22, 2024

Jerome Powell, the Federal Reserve chair, will deliver remarks as inflation cools and growth holds up — but as labor market weakening threatens to interrupt the soft landing.

Economics

Economics Financial Institution Banking Bank

Russia’s Central Bank Raises Rates to 16 Percent

The New York Times: Banking

DECEMBER 15, 2023

The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.

Bank

Foreclosures in China Soar, Threatening to Choke Off Bank Profits

The New York Times: Banking

NOVEMBER 4, 2024

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.

Profitability

Profitability Bank Banking Financial Institution

Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.

The New York Times: Banking

APRIL 11, 2024

Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy.

Economics

Economics Financial Institution Banking Bank

Harvard University Investment Banking Placement (Using Data)

Peak Frameworks

AUGUST 29, 2023

Harvard ranks #3 on our investment banking target school list , behind only UPenn and Georgetown. We make explicit note that this target school list is an investment banking list and many of Harvard's students opt to go directly to the buyside, which would hurt their placement here. hires into the top investment banks.

Investment Banking

Investment Banking Bank Banking Investment

European Central Bank Raises Rates for a 10th Time

The New York Times: Banking

SEPTEMBER 14, 2023

In its battle to control inflation, the bank raised its key interest rate to the highest level on record but suggested that rates have reached their peak.

Bank

Powell Says Strong Economic Data ‘Could Warrant’ Higher Rates

The New York Times: Banking

OCTOBER 19, 2023

The Federal Reserve may need to do more if growth remains hot or if the labor market stops cooling, Jerome H. Powell said in a speech.

Economics

Economics Financial Institution Banking Bank

Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

The New York Times: Banking

AUGUST 15, 2023

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.

Economics

Economics Financial Institution Government Trading

Russia’s Central Bank Raises Rates to 15 Percent to Curb Inflation

The New York Times: Banking

OCTOBER 27, 2023

The jump, from 13 percent, would bring a long period of “tight monetary conditions” in order to ease price pressures, the bank said.

Bank

European Central Bank Is Studying A.I. as a New Tool

The New York Times: Banking

SEPTEMBER 28, 2023

Artificial intelligence may help policymakers understand inflation and regulate big lenders, the central bank said.

Bank

China’s Stock Markets Rebound on Promises to Help Businesses

The New York Times: Banking

OCTOBER 14, 2024

Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.

Economics

Economics Business Stock Government

G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

The New York Times: Banking

OCTOBER 23, 2024

The economic lifeline is expected to be disbursed by the end of the year.

Economics

Economics Financial Institution Government Banking

Economics Textbooks Are Finally Getting a Vital Update

The New York Times: Banking

JANUARY 17, 2024

The Great Recession changed how the Fed steers the economy, but textbooks are still catching up.

Economics

Economics Financial Institution Government Banking

Bank of England Keeps Interest Rates at 5.25%, a 15-Year High

The New York Times: Banking

DECEMBER 14, 2023

The British economy has showed signs of slowing down, with inflation dropping below 5 percent in October, but the bank gave no sign of a rate cut anytime soon.

Bank

World Bank Projects Weak Global Growth Amid Rising Interest Rates

The New York Times: Banking

JUNE 6, 2023

A new report projects that economic growth will slow this year and remain weak in 2024.

Economics

How the Jackson Hole Conference Became an Economic Obsession

The New York Times: Banking

AUGUST 24, 2023

Investors and economists are watching the event this week closely. How did a remote Wyoming conference become so central?

Economics

Economics Investors Financial Institution Trading

Bank of Japan Takes Another Step Away From Easy Money

The New York Times: Banking

OCTOBER 31, 2023

The Bank of Japan said it would be more flexible in how it managed government bond yields, citing rising inflation.

Bank

Bank Banking Government Management

Credit Markets Are Creaking, Creating Economic Uncertainty

The New York Times: Banking

JULY 26, 2023

Analysts warn that bankruptcies and defaults could jump as the world adjusts to higher interest rates.

Economics

Economics Financial Institution Debt Stock

Hard Landing

Wall Street Mojo

JANUARY 17, 2024

Hard Landing Meaning Hard landing refers to a significant economic downturn or slowdown following a period of fast or rapid growth. Nations must prevent it to avoid a significant drop in economic growth. Moreover, it may lead to prolonged economic stagnation and even recession.

Economics

Economics Bank Banking Debt

Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates

The New York Times: Banking

NOVEMBER 14, 2024

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

Bank

China Stocks Surge After Government Measures to Boost Economy

The New York Times: Banking

OCTOBER 7, 2024

The government has fired up investors by encouraging banks to lend more to buyers of stock and real estate, but economists say more stimulus is needed.

Government

Government Stock Bank Banking

China Cuts Interest Rates and Mortgage Down Payments

The New York Times: Banking

SEPTEMBER 23, 2024

The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.

Banking

Banking Bank Financial Institution Economics

Interest Rates Fall, but Central Banks Are No Longer in Lock Step

The New York Times: Banking

SEPTEMBER 19, 2024

Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.

Bank

European Central Bank Raises Interest Rates to Highest Level Since 2001

The New York Times: Banking

JUNE 15, 2023

Inflation is “projected to remain too high for too long,” the central bank said as it raised interest rates by a quarter-point, its eighth consecutive increase.

Bank