What is a bank? A bank is a financial institution authorized to provide service options for customers who want to save, borrow or accrue more money. Banks typically accept deposits from, and offer ...

The money multiplier theory is one of the biggest myths in economics. Many textbooks claim that banks lend out a fraction of deposits, multiplying money through fractional reserve banking. But modern ...

The president has derided Jay Powell, the Federal Reserve’s chair, as “stupid”, a “numbskull” and a “moron” and called on him ...

TD Bank’s U.S. unit faces growth curbs as part of a settlement with regulators and prosecutors. (Zuma Press) TD Bank’s U.S. unit faces growth restrictions from regulators. WSJ’s Vipal Monga spoke to ...