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.

Prince Charles’ Charity Funded By Company With Russian Ties
Prince Charles’ Charity Funded By Company With Russian Ties
March 05, 2019  |  Security & Fraud

A charity run by Prince Charles received donations from a company used to transfer large amounts of cash from Russia. According to The Guardian, investigators...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >