Crypto's $270 billion meltdown gives way to an uneasy calm
Even by the white-knuckle standards of the cryptocurrency universe, it was a standout week.
May 16, 2022
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Internet
Even by the white-knuckle standards of the cryptocurrency universe, it was a standout week.
May 16, 2022
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Business
The DiBiCoo project has launched the Biogas and Gasification Matchmaking Platform, a free online hub connecting countries that import and export biogas and biomethane technologies. The platform serves as a database for stakeholders ...
May 2, 2022
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Internet
A new form of security identification could soon see the light of day and help us protect our data from hackers and cybercriminals. Quantum mathematicians at the University of Copenhagen have solved a mathematical riddle ...
Apr 28, 2022
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Business
Since going public in 2013, Twitter has only occasionally turned a profit, even if it has a commanding role in politics and culture worldwide.
Apr 26, 2022
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Security
Nearly a week into a ransomware attack that has crippled Costa Rican government computer systems, the country refused to pay a ransom as it struggled to implement workarounds and braced itself as hackers began publishing ...
Apr 22, 2022
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Business
Even for the richest person on the planet, buying Twitter was always going to be a challenge—a highly complex financial transaction now made even trickier by a defensive "poison pill" move from the platform's board.
Apr 16, 2022
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Business
U.S. President Joe Biden recently signed an executive order that calls on several agencies to work towards a regulatory framework for certain types of digital assets, potentially laying the groundwork for a U.S. central bank ...
Apr 6, 2022
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Consumer & Gadgets
Could your smartphone be spying on you?
Apr 4, 2022
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Business
As the first quarter of 2022 winds down, the IPO parade is ending with a whimper— there were no initial public offerings this week and just one last week.
Apr 1, 2022
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Business
US President Joe Biden has ordered the federal government to look into creating a digital dollar, a move with the potential to reshape how money is moved and used around the world.
Mar 10, 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