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Banks Should Have Better Customer Relations When Closing an Account

The New York Times: Banking

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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European Central Bank issues statement on framework for assessing capital buffers of other systemically important institutions

JD Supra: Mergers

The European Central Bank has published a statement on its framework for assessing capital buffers of other systemically important institutions.

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Banks Offer Bonuses for Customers Opening New Accounts

The New York Times: Banking

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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Zero Balance Current Account: A Quick Explainer

Razorpay

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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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.

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Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?

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When a Bank Rescinds a Job Offer Because It Canceled Your Credit Card

The New York Times: Banking

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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