In Latin America, Brazilian fintech firms rule
When Brazilian sisters Daniela and Juliana Binatti quit their jobs to launch a new financial technology—or fintech—product, colleagues called them a pair of upstart nuts.
Sep 5, 2023
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Business
When Brazilian sisters Daniela and Juliana Binatti quit their jobs to launch a new financial technology—or fintech—product, colleagues called them a pair of upstart nuts.
Sep 5, 2023
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2
Energy & Green Tech
Kenya unveiled Friday plans to roll out electric motorbikes across the country under a green transport scheme to reduce carbon emissions and pollution.
Sep 1, 2023
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Business
The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a year of relatively few such listings.
Aug 23, 2023
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7
Business
Bank of Ireland apologized on Wednesday after fixing a technical issue that allowed customers to withdraw or transfer more money than was in their accounts.
Aug 16, 2023
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Other
The minister charged with an overhaul of Japan's digitized system to assign a number to everyone living in the country has apologized, as doctors protested glitches with health insurance and local governments begged Thursday ...
Jul 6, 2023
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Business
Can you trust Erica, or Sandi or Amy to increasingly control parts of your financial life without giving you inaccurate information or sending money to the wrong place?
Jun 6, 2023
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Consumer & Gadgets
From his office overlooking the Schuylkill River, Paul Melchiorre is puzzling over which new billion-dollar tech giants could rise from this economic slowdown.
May 25, 2023
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Business
The United States announced charges on Tuesday against several Chinese and Russian nationals accused of stealing trade secrets and violating sanctions by seeking to export sensitive technology.
May 16, 2023
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Automotive
Mercedes-Benz said Friday its net profits rose by 12 percent in the first quarter to 4.0 billion euros, buoyed by demand for its vans and priciest premium cars.
Apr 28, 2023
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Indian software giant TCS reported a weaker-than-expected increase in first-quarter profits Wednesday, as global banking turmoil and economic uncertainty weighed on its US market.
Apr 12, 2023
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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