Jennifer Tescher of CFSI on the Financial Health Crisis

The Center for Financial Services Innovation (CFSI), led by its CEO and Founder Jennifer Tescher, has had a significant impact on the financial services industry since its founding in 2004. They are the foremost experts on the concept of financial health and LendingClub is proud to be a member of their Financial Health Network. The… Continue reading Jennifer Tescher of CFSI on the Financial Health Crisis

How psychotherapy improves poor mothers’ finances

IN 2005 and 2006, in northern Pakistan, some 900 pregnant women took part in an unusual experiment. All were in their third trimester and suffering from depression. Most families in the area rely on subsistence farming. Almost none of the women worked outside the home. This kind of life is hard. Perinatal depression (depression around… Continue reading How psychotherapy improves poor mothers’ finances

Central banks should consider offering accounts to everyone

A RECESSION strikes. Central banks leap into action, cutting interest rates to perk up investment. But what if, as now, there is not much cutting to do, with rates already at or close to zero? In such cases the manual calls for purchases of government bonds with newly printed cash—quantitative easing, or QE—swelling the reserves… Continue reading Central banks should consider offering accounts to everyone

Why even bears about the government-bond market can find merit in Treasuries

JOHN KENNETH GALBRAITH, a quotable economist, observed that one of the deeper mysteries is why, in a falling market, there is still a buyer for every seller. It is a conundrum that bond investors must now contemplate. Since January the yield on a ten-year Treasury bond has risen (and thus bond prices have fallen) with… Continue reading Why even bears about the government-bond market can find merit in Treasuries

American firms reveal the gulf between bosses’ and workers’ pay

HOW much should company bosses be paid relative to their employees? It depends who you ask. Plato argued that the richest members of society should earn no more than four times the pay of the poorest. John Pierpont Morgan, a banker from America’s gilded age, reckoned that bosses should earn at most 20 times the… Continue reading American firms reveal the gulf between bosses’ and workers’ pay