Business
Antivirus software entrepreneur John McAfee has been charged with evading taxes after failing to report income made from promoting cryptocurrencies while he did consulting work, made speaking engagements and sold the rights ...
Oct 6, 2020
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6
Business
The European Commission on Thursday unveiled plans to regulate cryptocurrencies, proposing rules that could limit the development of Facebook-backed Libra and similar projects.
Sep 24, 2020
2
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Computer Sciences
Cornell University systems engineers examined data from a busy New York state food bank and, using a new algorithm, found ways to better distribute and allocate food, and elevate nutrition among its patrons in the process.
Sep 17, 2020
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9
Electronics & Semiconductors
"Alexa, who is hacking into my system?"
Business
Facebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform.
Aug 11, 2020
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5
Business
Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserve on Thursday revealed details of its own instant payments system.
Aug 6, 2020
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59
Business
Google is expanding its push into financial services amid a nationwide shift toward online banking.
Aug 4, 2020
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7
Robotics
With every droplet that we can't see, touch, or feel dispersed into the air, the threat of spreading COVID-19 persists. It's become increasingly critical to keep these heavy droplets from lingering—especially on surfaces, ...
Jun 30, 2020
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121
Business
The Dutch government on Friday approved a 3.4-billion-euro ($3.8-billion) bailout to prop up KLM through the coronavirus pandemic.
Jun 26, 2020
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8
Business
Philippine authorities are investigating immigration records that show the ex-chief operating officer of collapsed payments provider Wirecard entered the country this week before leaving for China, the Filipino justice secretary ...
Jun 26, 2020
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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
