All eyes on Twitter as Musk era opens
Elon Musk began Friday his first full day leading Twitter, with critics and fans anxious to see how the world's richest man will run one of the most prominent social media platforms.
Oct 28, 2022
1
13
Business
Elon Musk began Friday his first full day leading Twitter, with critics and fans anxious to see how the world's richest man will run one of the most prominent social media platforms.
Oct 28, 2022
1
13
Business
In looking for ways to pay for his takeover of Twitter, Elon Musk has offered up money sourced from his own personal assets, investment funds and bank loans, among others.
Oct 28, 2022
0
29
Business
People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are getting into, the central bank said Wednesday, as it looks to prevent clueless investors from bankrupting ...
Oct 26, 2022
1
4
Business
South Korean computer chipmaker SK Hynix said Wednesday it might be forced to sell its manufacturing operations in China if a U.S. crackdown on exports of semiconductor technology and manufacturing equipment to China intensifies.
Oct 26, 2022
0
3
Business
Amazon is implementing a hiring freeze on the corporate side of its retail business for the rest of the year, according to a New York Times report, becoming the latest company to pause hiring plans amid growing concerns about ...
Oct 5, 2022
0
35
Business
The politician tapped to help Japan keep pace with the digital age has his work cut out for him.
Sep 30, 2022
0
3
Business
Sierra Leone is to delay the phaseout of its old currency until next spring, the central bank said.
Sep 16, 2022
0
26
Business
A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.
Sep 7, 2022
0
5
Business
The founder of cryptocurrency exchange Thodex, suspected of having fled Turkey with the assets of his clients, has been arrested in Albania, the Turkish interior ministry said on Tuesday.
Aug 30, 2022
0
25
Other
Under a blazing sun in Mali's capital, Amadou Menta leant over to measure a gutter then jotted down the results on a mapping app on his smartphone.
Aug 29, 2022
0
16
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