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.

FDIC Study: Banks With Advanced Tech Made More PPP Loans

FDIC Study: Banks With Advanced Tech Made More PPP Loans
FDIC Study: Banks With Advanced Tech Made More PPP Loans
February 11, 2022  |  Digital Banking

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Regulator: China Commercial Banks’ Bad Loan Ratio Drops
Regulator: China Commercial Banks’ Bad Loan Ratio Drops
February 11, 2022  |  International

The ratio of bad loans originated from China’s commercial banks fell 0.02 basis points to 1.73% at end of December compared to the percentage from...

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Central Banks May Take Additional Time to Explore CBDCs
Central Banks May Take Additional Time to Explore CBDCs
February 11, 2022  |  CBDC

The International Monetary Fund (IMF) released a paper on February 9, “Behind the Scenes of Central Bank Digital Currency,” analyzing the experiences of six central...

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BoA: Roughly 3 Million Workers Use Its Corporate Employee Banking, Investing Program
BoA: Roughly 3 Million Workers Use Its Corporate Employee Banking, Investing Program
February 10, 2022  |  Banking

Over 200 of Bank of America’s corporate and commercial clients around the U.S. — totaling 3 million employees — have adopted its Corporate Employee Banking...

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Kenya’s Central Bank Paper Lists CBDC Risks, Invites Public Comment
Kenya’s Central Bank Paper Lists CBDC Risks, Invites Public Comment
February 10, 2022  |  CBDC

In the back and forth over central bank digital currencies (CBDCs), where countries around the globe are focused on how, and even whether, to move...

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What FinTechs Need to Know About Money Mobility
What FinTechs Need to Know About Money Mobility
February 10, 2022  |  Payment Methods

The rise of embedded finance means that just about every consumer-facing app can create an account capable of receiving a deposit and making a payment,...

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Boston Fed Names University of Michigan Provost as Bank President, CEO
Boston Fed Names University of Michigan Provost as Bank President, CEO
February 09, 2022  |  Personnel

The Federal Reserve Bank of Boston has announced its next leader is Susan M. Collins, according to a press release Wednesday (Feb. 9). Get the...

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Texas-Based Amplify Credit Union Debuts Fee-Free Banking
Texas-Based Amplify Credit Union Debuts Fee-Free Banking
February 09, 2022  |  Credit Unions

Amplify Credit Union announced Wednesday (Feb. 9) that it is rolling out fee-free banking, so members won’t pay fees on checking, savings and business banking...

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Regulators Warn Banks to Prepare for a Russian Cyberattack 
Regulators Warn Banks to Prepare for a Russian Cyberattack 
February 09, 2022  |  Cybersecurity

As tension on the ground between Russia and the Ukraine intensifies, the European Central Bank (ECB) has warned financial institutions (FIs) of a possible Soviet...

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