El Salvador president says half a million using new bitcoin wallet
There are now more than half a million people using El Salvador's bitcoin wallet, President Nayib Bukele announced.
Sep 14, 2021
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Business
There are now more than half a million people using El Salvador's bitcoin wallet, President Nayib Bukele announced.
Sep 14, 2021
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Business
El Salvador on Tuesday became the first country to use bitcoin as legal tender, alongside the US dollar. But how will it work?
Sep 9, 2021
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Security
Colombian officials say they have arrested a Romanian hacker who is wanted in the U.S. for distributing a virus that infected more than a million computers from 2007 to 2012.
Jun 30, 2021
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Business
The European Union unveiled plans Thursday for a digital ID wallet that residents could use to access services across the 27-nation bloc, part of a post-pandemic recovery strategy that involves accelerating the shift to an ...
Jun 3, 2021
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Business
Financial regulators in China summoned 13 internet companies on Thursday to call for changes to their fintech operations, the central bank said in a notice, as Beijing ramps up scrutiny on monopolistic practices in the country's ...
Apr 29, 2021
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Business
Turkish authorities arrested four people Monday on fraud charges in connection with an investigation into a local cryptocurrency trading platform—the second to be probed in recent days.
Apr 26, 2021
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Business
Turkey issued an international arrest warrant on Friday for the founder of a cryptocurrency exchange who fled with a reported $2 billion in investors' assets, state media reported.
Apr 23, 2021
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Business
Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.
Apr 12, 2021
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Engineering
Perched high up in the Western Ghats, adjacent to Kerala's famed Periyar wildlife sanctuary, is a 126-year-old dam that has dangerously outlived the 50 years of life intended for it by colonial British engineers.
Feb 9, 2021
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Security
Ukrainian authorities said Wednesday they have uncovered a group of hackers who stole data from banks in the United States and several European countries causing an estimated $2.5 billion in damage.
Jan 27, 2021
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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