If you stroll into a Bank of America branch today and put $25,000 into a basic savings account, how much interest would you make in a year? The answer: just a few bucks. Barely enough for a cup of ...
Hope that the Federal Reserve may soon lower interest rates in September is fueling a new leg to this year’s rally in large US bank stocks. They surged last Friday after Federal Reserve Chair Jerome ...
JPMorgan, Bank of America and Wells Fargo see few signs of trouble among their consumer clients.
The national average savings account pays just 0.39% APY, according to the FDIC. And for checking accounts it's way lower -- a paltry 0.07% APY on average. So if you've got $10,000 parked in one of ...
The writer is a senior fellow of the Hoover Institution and a professor of finance at Stanford Graduate School of Business ...