Toshiba says it will 'support' $15 bn takeover bid
Troubled Japanese conglomerate Toshiba said Thursday it will "support" a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners.
Mar 23, 2023
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Business
Troubled Japanese conglomerate Toshiba said Thursday it will "support" a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners.
Mar 23, 2023
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Security
You have just returned home after a long day at work and are about to sit down for dinner when suddenly your phone starts buzzing. On the other end is a loved one, perhaps a parent, a child or a childhood friend, begging ...
Mar 20, 2023
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Security
The European Central Bank will next year test eurozone lenders' defences against cyberattacks, a top official said Thursday, as the risk of hacking attempts is seen to have increased since the pandemic and Russia's invasion ...
Mar 9, 2023
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Business
Like many other countries, the UK has developed a plan for a central bank digital currency (CBDC). A digital pound would essentially act like an online form of cash suitable for everyday payments. It would not earn any interest ...
Feb 24, 2023
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Security
The German government announced the appointment Tuesday of the European Central Bank's head of IT systems to lead the national cybersecurity agency, months after her predecessor was removed following reports of possible problematic ...
Feb 7, 2023
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Computer Sciences
Researchers at the Max Planck Institute for Biological Cybernetics in Tübingen have examined the general intelligence of the language model GPT-3, a powerful AI tool. Using psychological tests, they studied competencies ...
Feb 6, 2023
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Energy & Green Tech
Replacing traditional biomass-burning cookstoves across sub-Saharan Africa could save more than 463,000 lives and US $66 billion in health costs annually, according to a new analysis of the most socially optimal cooking technologies ...
Feb 3, 2023
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Machine learning & AI
Artificial intelligence is increasingly being rolled out all around the world to help make decisions in our lives, whether it's loan decisions by banks, medical diagnoses, or US law enforcement predicting a criminal's likelihood ...
Jan 27, 2023
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Consumer & Gadgets
Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.
Jan 18, 2023
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Business
Traditional banks in New Zealand have long served as gatekeepers of customers' data. This is about to change with the arrival of what's called "open banking," set to arrive in New Zealand by 2024.
Dec 29, 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