How to Keep Your Bank from Canceling All Your Accounts
The New York Times: Banking
NOVEMBER 18, 2023
Banks have suddenly shut down the accounts of scores of customers. Here’s how you can avoid becoming one of them.
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Sharing Bank Accounts Can Deepen a Couple’s Relationship
The New York Times: Banking
FEBRUARY 9, 2025
Fewer couples are combining their bank accounts. But that trend may not promote partners overall financial health, experts say.
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Banks Should Have Better Customer Relations When Closing an Account
The New York Times: Banking
DECEMBER 30, 2023
When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.
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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year
Mergers and Inquisitions
DECEMBER 4, 2024
This partially explains why sports investment banking has become a hot field, with JP Morgan and Goldman Sachs launching their own sports coverage groups. For a long time, sports teams and franchises were not worth that much, so banks rarely put their “A-Teams” on these deals. What is Sports Investment Banking?
Zero Balance Current Account: A Quick Explainer
Razorpay
JANUARY 19, 2024
Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?
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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen
The New York Times: Banking
JULY 9, 2024
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.
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A Russian Bank Account May Offer Clues to a North Korean Arms Deal
The New York Times: Banking
FEBRUARY 5, 2024
Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied allied intelligence officials suggest.
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Banks Offer Bonuses for Customers Opening New Accounts
The New York Times: Banking
SEPTEMBER 13, 2024
Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.”
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Help! Ryanair Won’t Send Flight Compensation to a U.S. Bank Account
The New York Times: Banking
JANUARY 3, 2025
After being grounded for 12 hours in Berlin, a mother and daughter were owed both compensation and a rebooked flight. All they got were nonsensical responses from customer service.
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Quiz: Would You Close This Bartender’s Bank Account?
The New York Times: Banking
DECEMBER 9, 2023
Here’s what bank security employees might be thinking when deciding whether to shut down a customer account after detecting unusual activity.
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Citi Is Sued by New York State Over Account Transfer Fraud
The New York Times: Banking
JANUARY 30, 2024
New York’s attorney general said the bank failed to protect its customers from hackers who, in some cases, stole their life savings and college funds.
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Capital One Is Accused of Cheating Customers Out of $2 Billion
The New York Times: Banking
JANUARY 14, 2025
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.
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Startup Current Account: The Best Way to Bank for New Age Businesses
Razorpay
MARCH 19, 2024
Many startup founders initially feel that they can manage their organisation without having a current account. However, sooner than later, they would realise they require a current account to facilitate streamlined withdrawals, deposits and other business transactions. Let’s get right into it. What is a Startup Current Account?
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Former Wells Fargo Executive Avoids Prison in Sham Accounts Scandal
The New York Times: Banking
SEPTEMBER 15, 2023
Prosecutors had sought a year of incarceration, which they said would be a deterrent to other corporate executives.
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Citigroup Makes (and Then Fixes) an $81 Trillion Mistake
The New York Times: Banking
FEBRUARY 28, 2025
The bank temporarily credited a customers account with trillions of dollars, adding to scrutiny of risk management systems after a series of errors.
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Checking Account – Meaning & How Does it Work?
Razorpay
MARCH 27, 2024
What is a Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills.
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What is a Merchant Account? How to Get a Merchant Account?
Razorpay
DECEMBER 1, 2023
Once you have set up a business account, it is important to set up an online merchant account as well. But what is a merchant account? Let’s read further to learn everything about merchant accounts. Let’s read further to learn everything about merchant accounts. What is a Merchant Account? Wondering why?
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Security Deposits: Your Landlord May Owe You More Than You Think
The New York Times: Banking
JUNE 1, 2024
Landlords are required to put security deposits in interest-bearing bank accounts. How much of that interest goes to you?
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Capital One Customers Complain of Being Locked Out of Accounts
The New York Times: Banking
JANUARY 18, 2025
The company said a technical issue with a third-party vendor was to blame for a disruption with deposits and payment processing that stretched into the weekend.
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What are Corporate Accounts? Meaning, Benefits & Types
Razorpay
MARCH 18, 2024
What is Corporate Account? A corporate account is a bank account one can open in the name of a business. Every small business that is required to pay tax should have a corporate bank account for business banking and its numerous benefits. Explore RazorpayX 2.
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How banks can mitigate cloud security threats
Global Banking & Finance
OCTOBER 7, 2024
Furqan Siddiqui, SOC Operations Officer at Obrela As custodians of sensitive financial data, banks and financial institutions face several cloud security threats that demand security controls and mitigation strategies.
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Alison Rose of NatWest Bank Resigns After Nigel Farage Allegations
The New York Times: Banking
JULY 26, 2023
Alison Rose of NatWest, one of the country’s largest banks, resigned after Nigel Farage, a Brexit firebrand, said his account had been shut because of his political views.
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Bank of America Fined $150 Million Over ‘Junk Fees’
The New York Times: Banking
JULY 11, 2023
The bank double-charged overdraft fees, withheld card perks and opened unauthorized accounts, regulators said. It will repay customers more than $80 million.
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Binance Moved Billions Through Two U.S. Banks, Regulators Say
The New York Times: Banking
JUNE 7, 2023
shared new details about how Binance’s accounts at Signature Bank and Silvergate Bank were used to move customer funds quickly through a web of foreign companies.
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When a Bank Rescinds a Job Offer Because It Canceled Your Credit Card
The New York Times: Banking
JUNE 6, 2024
Then it reviewed his account activity. Last year, JPMorgan Chase wanted to pay Mansoor Shams a low-six-figure salary to work in a marketing role.
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What is Payment Processing? How It Works and Its Advantages
Razorpay
MAY 6, 2024
These actions involve secure gateways, banks and consumer accounts to facilitate the exchange of funds for goods and services. It serves as a bridge between the merchant’s point of sale and the financial institution. What is Payment Processing? It plays a pivotal role in safeguarding sensitive information.
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What is a Neobank? Everything you should know
Razorpay
JUNE 18, 2023
Traditional banking, which has been the go-to for hundreds of years now, has not been able to keep up with today’s tech-savvy customers. Long waiting times, security issues, and fixed working hours are a few of the problems plaguing legacy financial institutions today. So are they really better than traditional banks?
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What is Banking?
Razorpay
JUNE 8, 2023
What is Banking? A bank is any financial institution that helps people and businesses store, invest and borrow money. Banks provide services like deposits, loans, and investment options. Banks in India are regulated by the Reserve Bank of India (RBI), which is the central banking authority of the country.
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nCino Acquires Sandbox Banking to Help Financial Institutions Achieve Better Data Alignment and System Interoperability
Global Newswire by Notified: M&A
FEBRUARY 11, 2025
Market-leading data integration technology enables nCino to accelerate project timelines and offer increased connectivity and data sources across onboarding, loan origination, account opening and more Market-leading data integration technology enables nCino to accelerate project timelines and offer increased connectivity and data sources across onboarding, (..)
How Bank Reconciliation Helps Businesses?
Razorpay
MAY 17, 2023
Bank reconciliation refers to the process by which the bank account balance of a business entity is reconciled with the amount recorded by financial institutions in the latest bank statement. What is a Bank Reconciliation Statement? It is to make sure all transactions are properly accounted for.
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Core Banking Solution (CBS)
Razorpay
MAY 27, 2024
What is Core Banking Solution? A core banking solution (CBS) is a software used by banks to manage primary operations. It is a centralized system that allows customers or businesses to carry out transactions from any branch rather than only from the branch where the account was opened.
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What to Know About Writing Checks While Preventing Fraud
The New York Times: Banking
JANUARY 7, 2024
Should you keep a separate checking account for writing checks? Is there a specific pen you should use? We answer some reader questions.
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The Top 3 Mistakes To Avoid With Your 401(k)
The New York Times: Banking
JULY 27, 2024
Here is what experts say are the costliest stumbles people make with their retirement savings accounts — and how to get back on course.
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Lebanon Freezes Accounts of Riad Salameh
The New York Times: Banking
AUGUST 15, 2023
The action comes days after a U.S.-led led coalition accused Riad Salameh of decades of corruption to enrich himself at the expense of his country.
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RBI directive on one-time-settlement with defaulters can derail banks: MP
Business Standard - FInance
JUNE 22, 2023
The RBI circular permitting banks to enter into a one-time settlement with wilful defaulters poses a significant risk to the stability of financial institutions in the country, the CPI MP Binoy Viswam has said. This circular poses significant risks to the stability of our financial system," he said.
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High-Yield Savings Accounts Are Still a Good Deal
The New York Times: Banking
NOVEMBER 22, 2024
Interest rates have been falling, but deposits are earning more than inflation.
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Offline UPI Payment – How To Make UPI Payment Without Internet?
Razorpay
MAY 15, 2024
This service, based on the USSD code *99#, lets you perform various mobile banking transactions without an active Internet connection. You can transfer money, request funds, change your UPI PIN, and check your account balance anytime and anywhere. Enter your bank’s IFSC code in the text field as requested.
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What is Private Banking and How Does It Work?
Razorpay
DECEMBER 15, 2024
What is Private Banking? Private banking is a personalized financial and wealth management service provided by banks to high-net-worth individuals (HNWIs). Unlike retail banking, which caters to the general public, private banking focuses on delivering banking services for affluent individuals and businesses.
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Check Fraud Is Rising and the Thieves Are Winning
The New York Times: Banking
DECEMBER 9, 2023
Although check usage has declined in the last couple of decades, check fraud has risen sharply, creating a problem for banks — and customers trying to pay their bills.
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IMGC to focus on strengthening partnerships with finance institutions: CEO
Business Standard - FInance
JUNE 13, 2023
India Mortgage Guarantee Corporation (IMGC) would focus on strengthening partnerships with banks and financial institutions, a top official said on Tuesday. The company is backed by marquee investors -- Enact MI, Sagen (Brookfield Group), National Housing Bank, IFC (World Bank Group), And Asian Development Bank.
What is Payment Gateway and How does It Work?
Razorpay
JUNE 20, 2023
It acts as a secure bridge between the customer’s payment method (such as a credit card or digital wallet) and the merchant’s bank account, facilitating the authorisation and processing of transactions. Step 2: Website directs customer to payment gateway where they enter bank/card details.
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The State Had One Woman’s Unclaimed Funds. It Turned Out to Be a Windfall
The New York Times: Banking
MARCH 23, 2024
A financial firm told an account owner that it had turned over her money to the state. When she filed a claim, something strange happened.
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Despite the dominance of voice trading, electronification is the natural path for Peru
The TRADE
FEBRUARY 29, 2024
During the last few years, there has been a notable increase in financial institutions and corporates in Peru accessing offshore liquidity through electronic platforms, with transparency and high liquidity for G10 currencies some of the main drivers that promoted an increase in market activity.
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I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers
The New York Times: Banking
DECEMBER 23, 2024
Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.
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