Security
The Justice Department unsealed charges Thursday against the alleged leader and a top associate of a Russian cybercriminal gang that U.S. and British officials say developed and distributed malware used to steal at least ...
Dec 5, 2019
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4
Engineering
Silently the eight propellers of the Hermes V8MT drone begin to spin and the large yellow aircraft rises up, locates its direction and moments later disappears into the sky in southern Poland.
Nov 28, 2019
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287
Business
India has granted the country's beleaguered telecom giants a moratorium on spectrum payments until the end of March 2022, offering much-needed respite after the Supreme Court slapped a massive $13-billion bill on the companies.
Nov 21, 2019
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2
Business
Microsoft is hiring former U.S. Attorney General Eric Holder to review its investment in a facial recognition startup that scans faces at Israeli military checkpoints.
Nov 16, 2019
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4
Business
Twenty European banks are working on setting up a pan-European payment system to challenge the dominance of Visa, Mastercard and technology companies such as Google and PayPal, European banking and government sources said ...
Nov 5, 2019
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12
Internet
China has launched an ambitious effort to challenge the US dominance in blockchain technology, which it could use for everything from issuing digital money, to streamlining a raft of government services and tracking Communist ...
Nov 3, 2019
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7
Security
A massive data breach last year at Desjardins credit union has turned out to be bigger than originally thought, affecting all 4.2 million of its customers, Canada's largest banking co-operative said Friday.
Nov 1, 2019
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8
Automotive
Fiat Chrysler and France's PSA Peugeot said Thursday they have agreed to merge to create the world's fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric ...
Oct 31, 2019
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Business
Facebook's controversial plans for a new digital currency will again come under scrutiny of finance officials from Group of Seven economies Thursday, who worry it undermines their hold over the global financial system.
Oct 17, 2019
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2
Business
As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency—one that could allow the government and the central bank to see what people spend their money on, according to analysts.
Oct 15, 2019
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7
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
