China's shadow banking system thrived in the years after the global financial crisis, until reined in by regulators since 2013. Nevertheless, new forms of shadow banking are emerging.

The summer months allow most of us a chance to slow down and catch up -- on relaxation, on chores and with a bit of scheduling and focus, on our money goals.

I'm surprised at just how little teens know about basic banking these days. I recently opened a checking account for my 18-year-old at our credit union. It was a real eye-opener. Here's what I'll go over with my teenager about basic banking.