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 Could Face Enforcement Action for Charging Excess Fees

Wells Fargo Could Face Enforcement Action for Charging Excess Fees
Wells Fargo Could Face Enforcement Action for Charging Excess Fees
November 30, 2017  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) warned Wells Fargo in a scathing letter that it is mulling lodging formal enforcement actions against...

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FairFX Steps Into SMB Banking, Global Payments
FairFX Steps Into SMB Banking, Global Payments
November 29, 2017  |  B2B Payments

FairFX is stepping deeper into the world of business banking with plans to launch a small business (SMB) current account, reports said Tuesday (Nov. 28)....

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Today In Data: Ridesharing, Employee Theft And American Spending
Today In Data: Ridesharing, Employee Theft And American Spending
November 28, 2017  |  Today In Data

It seems individuals will always find a way to get the most out of things, be it expecting innovative technology that will solve their problems...

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Bankers Press For More Lenient Leveraged Lending Guidelines
Bankers Press For More Lenient Leveraged Lending Guidelines
November 28, 2017  |  B2B Payments

Reports in Reuters say bankers and investors are calling on regulators to relax Leveraged Lending Guidelines as they seek to regain market share lost to...

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The Economy Is Strong — But Borrowing Isn’t Booming As Expected
The Economy Is Strong — But Borrowing Isn’t Booming As Expected
November 27, 2017  |  Banking

While 2017 was supposed to be a banner year for financial institutions, loan growth at banks is slowing in a way that banks can’t quite...

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China Eyes Open Markets, Wide Shut
China Eyes Open Markets, Wide Shut
November 23, 2017  |  Investments

On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. Get...

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China Urges Local Governments To Halt New Internet Microlender Approvals
China Urges Local Governments To Halt New Internet Microlender Approvals
November 22, 2017  |  Legal & Regulation

China is regulating micro loans on the internet, with a high-level Chinese government agency issuing a notice urging provincial governments to halt approval of new...

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Artificial Intelligence: FIs’ Friend Or Foe?
Artificial Intelligence: FIs’ Friend Or Foe?
November 22, 2017  |  Artificial Intelligence

Artificial intelligence (AI) doesn’t walk and talk like C3P0 of “Star Wars” (many would say: “Thank God”). It doesn’t mask murderous intentions with a calming...

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