The Narrow Bank would take deposits but not make loans
Tag: stalls
The Fed stalls the creation of a bank with a novel business model
TEN years on from the financial crisis, the structure of American banking has not changed. At its core are government-guaranteed, and therefore cheap, deposits that banks put to work, primarily through lending. Deposits have become more important for bank funding in recent years; governments have become increasingly fussy about how the money is lent out. […]
As coal stalls, Wyoming considers new environmental clean-up rules
Enlarge / GILLETTE, Wyo.: A truck loaded with coal is viewed from the Eagle Butte Coal Mine Overlook which is operated by Alpha Coal. The area is a large producer of coal. Gillette uses the moniker of “The Energy Capital of the Nation”. (Photo by (credit: Matt McClain/The Washington Post via Getty Images) On Wednesday, […]
Pound to euro exchange rate: Sterling TUMBLES again after high street spending stalls
Pound to euro exchange rate has taken yet another hit after a bad performance from the UK high street. Consumer spending is down, most likely thanks to the current wage squeeze being experienced by many Britons. It has fallen from 1 GBP to 1.120 EUR to only 1.110 this week. TorFX currency analyst Laura Parsons […]
Calgary Airport converts handicap parking to Lexus-only stalls
At the YYC Calgary International Airport, travelers found that the usual accessible parking spots (referred to handicap or disability parking here in the U.S.) near the doors had been painted over, no longer saved for the people who need them. Instead, they were reserved for Lexus drivers as part of a marketing campaign. Understandably, the […]
Twitter’s stock plunges as user growth stalls
Enlarge / Traders at the New York Stock Exchange beneath a monitor displaying Twitter’s stock symbol in 2016. (credit: Michael Nagle/Bloomberg via Getty Images) Several years ago, Twitter seemed like it would be the social media darling of the decade. Founders had dreams of being the first Internet company to reach one billion users, making […]
