Being a bank customer and navigating everyday financial transactions can bring you into contact with basic banking terms and plenty of financial jargon. Do you know the difference between APR and APY?

Traditional bankers won’t like this column. But you know what? Too bad. Many people don’t like their own banks, and many people aren’t being served well by our banking system. I’m intrigued by recent ...

When someone says "loans create deposits," usually that means at least that the marginal impact of new lending will be to create a new asset and a new liability for the banking system. But in our ...