Bank of America, HSBC to merge
By Chris O’LearyThe bank of America has announced that it will merge with HSBC in a $6.7bn deal that could result in a global banking conglomerate that includes many of the world’s biggest banks.The merger will bring together a global bank with a U.S. operations and assets that total more than $400 trillion, according to […]
How to invest in a blockchain-powered crypto currency – Cit Bank
Canandaiguas bank has been the target of the recent ransomware attacks, with many of its customers in the United States and Europe having reported being contacted by criminals claiming to be using the bank to obtain money.According to CitBank, the attacks have affected over 2,500 of its clients in the US and its Caribbean region.The […]
U.S. government warns banks of potential cyberattacks
The U.N. Security Council said Tuesday that North Korea’s ballistic missile launches are the biggest threat to global security since the Cold War.The U .N. says the North is testing missiles that can carry nuclear warheads.The latest launches by North Korea came a day after it conducted another test of a long-range rocket that could […]
How Amazon’s ‘Green Dot’ bank works: A simple example
Posted November 04, 2018 08:17:17 The Green Dot bank was a concept by the Indian government to help small and medium-sized businesses.Amazon’s “green dot” bank is a simple example of how Amazon is using the concept to help customers and businesses.The bank uses an Amazon debit card to make payments to a customer.Amazon has set […]
US banks have their own account to store US-issued credit card details
US banks are struggling to maintain the integrity of their US-branded accounts after they were used to store credit card information belonging to customers who were unable to access their bank accounts. According to the Wall Street Journal, the first national bank of Hawaii is the latest bank to sign up to the Sunflower bank account, which allows […]
What are the chances you will get a guaranteed loan from a New Jersey bank?
When a New York-based lender asked me to sign a form for an automatic loan, I was nervous.In order to get a loan, you have to prove you can pay it back in full in a month.The problem is, that form only provides an estimate of the monthly payments, and not any kind of guarantee.The […]
Why are you taking your business out of Italy?
The Football Italian is reporting that the Italian Premier League has decided to end its participation in the Euro 2016 qualifying round for Italy because of the country’s economy and banking system.The report says that there are fears that the country could fall outside the European Union’s jurisdiction and face penalties under the Rome Statute. The […]
Which bank accounts are the most likely to be hacked?
A hacking incident in Bangladesh last year has exposed the vulnerability of hundreds of banks in the world’s largest economy.The Bangladesh National Bank (BNB), which is the country’s biggest, was one of the victims.The country’s central bank said it has discovered the hack.Bankers and other financial institutions in Bangladesh said they had not been targeted, […]
Which of these are the most likely to lose in 2018?
The banks of the US and UK have been hit by the Great Recession and the banking crisis.The US has the highest unemployment rate in the world, while UK unemployment has fallen by more than half over the past two decades.And in both cases, the outlook for the US economy has worsened since the end […]
Why the U.S. is now experiencing the first wave of the Great Recession
A few weeks ago, I was at a conference in New York.It was called the Future of Financial Markets Conference.I had attended a number of similar conferences in the past few years, and I’d seen the same kind of thing happen.It happened all over the place.There were big banks, there were big savings banks, and […]
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