Items tagged with banking:
News & Updates:
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Professor Lisa Servon provides an insightful meditation on the human issues that stand behind a recent push for Philadelphia to ban cashless stores. She juxtaposes her own financial stability with her customers from RiteCheck to show how a reliance on cash is a symptom of a larger system of economic disenfranchisement faced by many Americans. -
White House drafts proposal to use social media to identify abuse of disability insurance; Trump requests $8.6 billion for border wall in 2020 budget; Central banks change course to prevent recession; Retail sales up in January. -
The Federal Reserve announces that it looks to loosen regulations on Wall Street; Lawmakers try and build bipartisan support for the restructured trade deal with Canada and Mexico with a replacement NAFTA bill; Philadelphia becomes the first major city to ban cashless stores; Jobless claims fall last week; U.S. productivity rose 1.9% in the fourth quarter. -
Under the Trump administration, bank mergers are getting approved at a faster rate; The Trump administration faces a pivotal decision that would determine if states can receive exemption from the Medicaid expansion mandate; Trump to sign a compromise for the federal budget funding; Consumer prices remain unchanged in the month of January; The federal deficit falls to $14billion.
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In a discussion on the board practices of the Federal Reserve, Wharton Professor Peter Conti-Brown provides a historical account of the rotational voting system implemented by the Federal bank.
