Faced bindings are great for modern quilts.
Here is a simple tutorial for how I make a faced binding for my modern quilts.
You can download a PDF of the slides so that you can take notes as you watch.CL Shaw Faced Binding Tutorial slides
Hanging Sleeves: I didn’t mention this in the video, but I attach my hanging sleeve to the back of the quilt by sewing the top of the sleeve about 3/8 inch from the top edge. I sew through the facing and backing and just slightly into the batting, being careful not to let my stitches show on front. It’s important to sew into the batting on a larger quilt so that the weight of the quilt will not pull the quilt apart.