Why the Banks See Bitcoin as their Number One Enemy
This is an incredible rate and it brought up the idea that the virtual currency could really succeed. But Bitcoin is a currency that has gained a lot of enemies. Companies that want to operate using the virtual currency struggle to create bank accounts ...
Sydney Morning HeraldAustralia flooded with fake $50 notes so good they fool banks
Sydney Morning Herald
Organised crime syndicates are flooding Australia with counterfeit $50 banknotes, costing businesses and consumers millions of dollars. More than 33,000 fake $50 notes were removed from circulation in 2014-15, triple the number detected just two years ...
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Lansing State Journal14 local banks affected as Huntington acquires FirstMerit
Lansing State Journal
LANSING – The 14 FirstMerit Bank locations in Greater Lansing are set to become Huntington Bank locations after Huntington buys out its Ohio rival later this year. Columbus, Ohio-based Huntington signed a definitive merger agreement with Akron-based ...
QuartzMore phones, few banks and years of instability are transforming Somalia to a cashless society
The Hormuud Telecommunication Company, a Somali firm established in 2002 during a lull in violence, introduced mobile banking in the East African country around six years ago. Now, it is one of at least three companies offering mobile money transfers ...
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Reserve Bank of India firm on single subsidiary for foreign banks
The Reserve Bank of India is sticking by its proposal that foreign banks run their operations in India as a single wholly owned subsidiary (WoS), spurning a suggestion by overseas lenders that they be granted dual licenses. Large foreign banks, which ...
New York TimesCut Compensation at Investment Banks, Then Take Cover
New York Times
Not a single one of the leading American investment banks – supposedly the best in the world – trades above its book value. They trade like utilities. Goldman trades at 0.86 times its book value; Morgan Stanley trades at 0.74 times its book value; and ...
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