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 ...

Private creation of dollars accelerated so sharply in early American history you'd think there would have been an ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. I’ll be honest: when I ...

Beyond the interest they earn on loans, they embed charges into services you use every day. Tiny deductions on your balance, hidden spreads on currency purchases and quiet penalties on inactive ...

Are free bank accounts actually free? Free stuff is great, but it often comes with a catch. So are free bank accounts actually free, and if they are, how does the bank make money? What is a “free” ...

When you think about your environmental footprint, what comes to mind first? Maybe the flights you take, the car you drive or whether you choose the train instead. Perhaps it is the plastic you try to ...

SoFi makes money through its lending division. It generates income from net interest and fees on products like student, ...