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.

RBS Goes On The Defensive In Small Biz Scandal

RBS Goes On The Defensive In Small Biz Scandal
RBS Goes On The Defensive In Small Biz Scandal
February 09, 2018  |  B2B Payments

The Royal Bank of Scotland (RBS) has gone on the defensive in the ongoing saga surrounding its alleged mistreatment of small business (SMB) customers. Get...

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Goldman Sees Crypto Crash, Few Currencies Left Standing
Goldman Sees Crypto Crash, Few Currencies Left Standing
February 07, 2018  |  Bitcoin

Like companies caught up in the 1990s dot-com bubble, the head of Goldman Sachs’ Global Investment Research unit believes most cryptocurrencies will likely fail and...

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Treasury Sec. Says Pot Companies Should Be Banked  
Treasury Sec. Says Pot Companies Should Be Banked  
February 07, 2018  |  Bank Regulation

U.S. Secretary of the Treasury Steven Mnuchin appeared to support pot companies storing their money in banks, testifying that the Treasury doesn’t want the marijuana...

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States Press Regulators To Simplify FinTech Licensing
States Press Regulators To Simplify FinTech Licensing
February 06, 2018  |  Bank Regulation

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting...

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UK FIs Take Another Step To Compete With FinTechs
UK FIs Take Another Step To Compete With FinTechs
February 06, 2018  |  B2B Payments

Several U.K. banks have reportedly standardized the onboarding process for new small business (SMB) customers, adhering to regulators’ efforts to ease bank-switching, another move by...

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Equifax Gives Lenders Access To SMB Data
Equifax Gives Lenders Access To SMB Data
February 06, 2018  |  B2B Payments

Soon after news emerged that the Consumer Financial Protection Bureau (CFPB) would be pulling back its investigation into Equifax Inc. and the data breach that...

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China Slams Door On Crypto Trading Sites  
China Slams Door On Crypto Trading Sites  
February 06, 2018  |  Regulation

China dealt bitcoin and cryptocurrency trading a major blow on Monday (Feb. 5) after it blocked all websites that enable cryptocurrency trading and initial coin...

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Business Lending Standards Loosen In Q4 2017
Business Lending Standards Loosen In Q4 2017
February 06, 2018  |  Loans

The Federal Reserve revealed in its quarterly survey on Monday (Feb. 5) that loan officers in banks around the U.S. eased lending standards for businesses...

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Banks Shutter Branches At Their Fastest Rate In Decades
Banks Shutter Branches At Their Fastest Rate In Decades
February 06, 2018  |  Banking

It has been a banner run for closing bank branches, according to reports in The Wall Street Journal, as the mass exodus of consumers to various...

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