banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Brexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits

Brexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits
Brexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits
March 03, 2019  |  Europe

Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of customers. While national...

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Wells Fargo Reaches $240M Settlement For Fake Accounts
Wells Fargo Reaches $240M Settlement For Fake Accounts
March 01, 2019  |  Banking

Wells Fargo has reached a $240 million settlement with U.S. shareholders over the scandal involving its bank employees opening up millions of unauthorized customer accounts. According...

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Korea Regulator To Force Banks To Play Nice With FinTech Firms
Korea Regulator To Force Banks To Play Nice With FinTech Firms
February 27, 2019  |  Regulation

Korea’s Financial Services Commission is gearing up to roll out new rules that would require banks in Korea to open up their payment systems to...

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Definition Of ‘Small Business’ Left Uncertain Amid Aussie Bank Reforms
Definition Of ‘Small Business’ Left Uncertain Amid Aussie Bank Reforms
February 27, 2019  |  B2B Payments

Australia’s banking industry continues to address misconduct at the largest of the nation’s institutions, with small business banking at the center of many of the...

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Fed Promises Thorough Scrutiny Of BB&T’s SunTrust Buy
Fed Promises Thorough Scrutiny Of BB&T’s SunTrust Buy
February 27, 2019  |  Partnerships / Acquisitions

The Federal Reserve Chairman has vowed that U.S. regulators will conduct a “thorough” review of BB&T Corp.’s planned merger with its rival SunTrust. Get the...

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SEC Initiates Danske Investigation
SEC Initiates Danske Investigation
February 22, 2019  |  Banking

Amid the regulators looking into its Estonian money laundering scandal, the U.S. Securities and Exchange Commission (SEC) has reportedly initiated an investigation into Danske Bank. The...

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Ant, Tencent, Xiaomi Seek Hong Kong Digital Banking Licenses
Ant, Tencent, Xiaomi Seek Hong Kong Digital Banking Licenses
February 22, 2019  |  Digital Banking

As Hong Kong gears up to roll out digital banking licenses, a few of the largest banks in the world are set to compete with...

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FinTech Firms Now 38 Pct Of Personal Loan Market
FinTech Firms Now 38 Pct Of Personal Loan Market
February 21, 2019  |  Loans

FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting an all-time high...

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Building Digital Power While Breaking Down Barriers
Building Digital Power While Breaking Down Barriers
February 21, 2019  |  Today In Data

The latest numbers out of the payments and commerce world show eCommerce and other retail gains for a major U.S.-based player, while another company –...

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