Digital minister aims to wrest Japan out of analog doldrums
The politician tapped to help Japan keep pace with the digital age has his work cut out for him.
Sep 30, 2022
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3
Business
The politician tapped to help Japan keep pace with the digital age has his work cut out for him.
Sep 30, 2022
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3
Business
Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said.
Sep 16, 2022
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26
Business
A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.
Sep 7, 2022
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Business
Amid the continuous noise about cryptocurrencies, it's often hard to pick out what really matters. However this month, if all goes to plan, the energy-hungry digital sector will undergo its biggest shake-up in years.
Sep 5, 2022
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Business
Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector.
Sep 5, 2022
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Software
The invention of the world wide web in 1989 eventually brought about life-changing tools for everyone who can access it. Some of these tools, such as online banking, shopping and communication, have vastly improved the accessibility ...
Sep 1, 2022
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Business
The founder of cryptocurrency exchange Thodex, suspected of having fled Turkey with the assets of his clients, has been arrested in Albania, the Turkish interior ministry said on Tuesday.
Aug 30, 2022
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Other
Under a blazing sun in Mali's capital, Amadou Menta leant over to measure a gutter then jotted down the results on a mapping app on his smartphone.
Aug 29, 2022
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16
Business
A federal jury has convicted a one-time Twitter employee and Walnut Creek resident of acting as an unregistered agent for a foreign government and unlawfully using Twitter information, authorities said.
Aug 22, 2022
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10
Consumer & Gadgets
Mobile devices use facial recognition technology to help users quickly and securely unlock their phones, make a financial transaction or access medical records. But facial recognition technologies that employ a specific user-detection ...
Aug 12, 2022
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A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:
Because of the important role depository institutions play in the financial system, the banking industry is generally regulated with government restrictions on financial activities by banks varied over time and by location. Current global bank capital requirements are referred to as Basel II. In some countries, such as Germany, banks have historically owned major stakes in industrial companies, while in other countries, such as the United States, banks have traditionally been prohibited from owning non-financial companies. In Japan, banks are usually the nexus of a cross-share holding entity known as the "keiretsu". In Iceland, banks followed international standards of regulation prior to the recent global financial crisis that began in 2007.
The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.
A Bank's main source of income is interest paid on loans. A bank pays out at a lower interest rate on deposits and receives a higher interest rate on loans. The difference between these rates represents the bank's net income. Banks also generate non-interest income from service fees for Retail and Business banking products, transactional fees, or other non-traditional services such as Trust and Wealth Management consulting, Insurance, Cash Management services, Mortgage loan closing costs and points.
This text uses material from Wikipedia, licensed under CC BY-SA