Business
El Salvador will soon become the only country in the world accepting bitcoin as legal tender, a cutting-edge but potentially risky new avenue for its large expat community to send money back home.
Jun 22, 2021
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4
Business
One after another, grocery stores are shutting down in rural Sweden, leaving villagers to travel miles to buy food. But a new type of shop has sprung up in their wake: unmanned supermarkets in mobile containers.
May 23, 2021
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Business
Bitcoin's value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter.
May 19, 2021
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Energy & Green Tech
Renewable power investors continue to outpace fossil fuel investors across the globe, signaling a decline for investment in fossil fuels.
Mar 18, 2021
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Security
The SolarWinds hacking campaign blamed on Russian spies and the "grave threat" it poses to U.S. national security are widely known. A very different—and no less alarming—coordinated series of intrusions also detected ...
Mar 7, 2021
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Business
Tesla helped push bitcoin to an all-time high Monday after the carmaker announced a $1.5 billion investment in the digital money and plans to accept the cryptocurrency from customers buying its electric vehicles.
Feb 8, 2021
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Security
Google says it believes hackers backed by the North Korean government have been posing as computer security bloggers and using fake accounts on social media while attempting to steal information from researchers in the field.
Jan 27, 2021
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5
Security
New Zealand's central bank said Sunday that one of its data systems has been breached by an unidentified hacker who potentially accessed commercially and personally sensitive information.
Jan 10, 2021
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Business
The price of the cryptocurrency bitcoin soared past $40,000 for the first time on Thursday, rising $10,000 in just five days.
Jan 7, 2021
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5
Chinese regulators have ordered Ant Group, the world's largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country's ...
Dec 27, 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
