The Fed compared banks based in Puerto Rico with a control group of U.S. banks on the mainland to better understand how extreme weather disasters affect bank stability and their ability to lend. #NewsismyBusiness
When fully available, instant payments will provide benefits such as when rapid access to funds is useful, or when just-in-time payments help manage cash flows in bank accounts. #NewsismyBusiness
Head of Center for a New Economy among speakers in natural disasters and resiliency panel.