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.

Wells Fargo Softens Overdraft Policy

Wells Fargo Softens Overdraft Policy
Wells Fargo Softens Overdraft Policy
November 15, 2017  |  Banking

Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a new overdraft feature...

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FDIC Chief Warns Over Relaxed Banking Regs
FDIC Chief Warns Over Relaxed Banking Regs
November 15, 2017  |  Bank Regulation

Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation who is leaving the government agency, expressed concern that regulators may be doing too much...

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Ally Bank Takes Banking To Alexa
Ally Bank Takes Banking To Alexa
November 15, 2017  |  Innovation

Ally Bank announced Tuesday (Nov. 14) that it is launching a new service that enables customers to conduct banking activities via voice. Get the Full...

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Wells Fargo Cuts Back SMB Card Unit As Part Of Card Processing Restructure
Wells Fargo Cuts Back SMB Card Unit As Part Of Card Processing Restructure
November 15, 2017  |  Banking

About 50 Wells Fargo employees were laid off from its SMB card processing unit as the bank works to restructure the entire unit geared toward...

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ECB Wants Ability To Freeze Bank Withdrawals
ECB Wants Ability To Freeze Bank Withdrawals
November 15, 2017  |  Bank Regulation

The European Central Bank (ECB) steps up efforts to launch a tool that would enable financial regulators to stop customers from withdrawing cash when a...

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Real-Time Payments Successfully Gets Through Its First Test Drive
Real-Time Payments Successfully Gets Through Its First Test Drive
November 14, 2017  |  Real-Time Payments

The U.S.’ first new payment and clearing system in more than 40 years is up and running. At 4:59:40 p.m. on Monday (Nov. 13), $3.50 was...

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China Moves To Expand Financial Center Access
China Moves To Expand Financial Center Access
November 10, 2017  |  Legal & Regulation

Call it the “opening of China,” redux. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Banks Resigned To Role Of Utility, Not Collaborator, For SMBs
Banks Resigned To Role Of Utility, Not Collaborator, For SMBs
November 09, 2017  |  B2B Payments

Thanks to competitive pressure from FinTechs, traditional banks are often pressured to keep pace with innovation and meet evolving needs of their small business (SMB)...

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