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.

North Korea Sidesteps UN Sanctions To Help Its Economy

North Korea Sidesteps UN Sanctions To Help Its Economy
North Korea Sidesteps UN Sanctions To Help Its Economy
December 28, 2018  |  Cross-border Payments

North Korea, hurt by U.S. and U.N. sanctions, has found creative workarounds to aid the country’s economy, according to a report in The Wall Street...

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Wells To Pay $575M Over Customer Abuse Claims
Wells To Pay $575M Over Customer Abuse Claims
December 28, 2018  |  Bank Regulation

Wells Fargo, implicated in a far-reaching banking scandal where it was accused of creating fake accounts and charging customers for services they didn’t sign up...

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Lloyds Tells Brokers To Go Digital In 2019 Or Go Home
Lloyds Tells Brokers To Go Digital In 2019 Or Go Home
December 21, 2018  |  Banking

Lloyd’s of London has announced that it might impose a ban on insurance brokers who refuse to digitalize their business in 2019. Get the Full...

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Russian Bank Throttles Visa, Mastercard Post Sanctions
Russian Bank Throttles Visa, Mastercard Post Sanctions
December 20, 2018  |  Cross-border Payments

Promsvyazbank, the Russian state bank that was hit by sanctions by the U.S., has lowered its security deposits that go to Visa and Mastercard, reported...

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London FinTech Raises $4M For ‘Social’ Bank
London FinTech Raises $4M For ‘Social’ Bank
December 17, 2018  |  Innovation

A financial technology company called B-Social has raised £3.2 million ($4 million) in funding from undisclosed but high net-worth entities, according to reports. Get the...

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EBA: No-Deal Brexit Would Hurt UK Payment Firms
EBA: No-Deal Brexit Would Hurt UK Payment Firms
December 16, 2018  |  Economy

Payment providers in the U.K. are not fully prepared for the chance of a no-deal Brexit, warned the European Banking Authority late last week. Get...

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Robinhood Retreats From Checking, Savings Products
Robinhood Retreats From Checking, Savings Products
December 16, 2018  |  Bank Regulation

Robinhood, the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from...

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BBVA, Porsche Complete $170M Loan Via Blockchain
BBVA, Porsche Complete $170M Loan Via Blockchain
December 14, 2018  |  Loans

One of the largest banks in Spain, Banco Bilbao Vizcaya Argentaria (BBVA), has completed a $170 million (€150 million) loan with Porsche Holding using blockchain...

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