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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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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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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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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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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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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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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Quarterly Review of Shareholder Activism – Q3 2022
The Harvard Law School Forum
OCTOBER 19, 2022
Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A. A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System (discussed on the Forum here ) by Leo E. Strine, Jr. Targets in the Crosshairs.
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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. In FY2022-23, IMGC doubled its market share in South India accounting 30 per cent of all originations in the region.
What is a Neobank? Everything you should know
Razorpay
JUNE 18, 2023
Long waiting times, security issues, and fixed working hours are a few of the problems plaguing legacy financial institutions today. Ease of Use The process of opening an account at a traditional bank is long and frustrating. Users can create their accounts on their mobile phones, sitting on their sofas at home.
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The tough task facing the Australian securities regulator
Bronte Capital
APRIL 30, 2021
Australia has several jurisdictional issues that make it a haven for corporate criminals. Feature one: compulsory privatised pensions (called superannuation) Australians are forced to save almost ten percent of their salary into lock-box savings accounts that they cannot touch until retirement. I personally have been a beneficiary.
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Statement of Cash Flow
Wall Street Mojo
JANUARY 17, 2024
Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period. read more.
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Accrued Interest Formula
Wall Street Mojo
JANUARY 4, 2024
Accrued interest Accrued Interest Accrued Interest is the unsettled interest amount which is either earned by the company or which is payable by the company within the same accounting period. Still, the same is not received or paid in the same accounting period. And the loan is payable every month.
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Offline UPI Payment – How To Make UPI Payment Without Internet?
Razorpay
MAY 15, 2024
You can transfer money, request funds, change your UPI PIN, and check your account balance anytime and anywhere. It is a nationwide service in collaboration with 83 leading financial institutions and 4 telecom service providers. You will see a list of all accounts registered with your mobile number on the screen.
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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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What is Banking?
Razorpay
JUNE 8, 2023
A bank is any financial institution that helps people and businesses store, invest and borrow money. Apart from being a safe place to keep money, banks also provide savings accounts that give the account owner interest on their deposit so that the money is not sitting idle. What is Banking? How do Banks Work?
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How to raise first equity finance for your business
Growth Business
JUNE 29, 2023
The objectives you set for the business will dictate the type of finance you should raise: the two key options being equity (selling shares in your company) and debt (borrowing from a bank or financial institution). If growth and sale are not part of your plan, then an equity raise is not the right choice for you.
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What Is eMandate: Meaning and How Does It Work?
Razorpay
MARCH 21, 2024
eMandate is a digital payment service initiated by RBI and the National Payments Corporation of India (NPCI). eMandate is a digital payment service initiated by RBI and the National Payments Corporation of India (NPCI). This ensures that the payer is the owner of the bank account and agrees to the terms and conditions of the e-mandate.
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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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Certificate of Deposit (CD)
Wall Street Mojo
JANUARY 18, 2024
Certificate of Deposit Explained A certificate of deposit account is a kind of fixed tenure investment instrument offered by banks, credit unions, and brokers working for a financial entity. Usually, a CD is understood as a kind of savings account that offers a higher interest rate than an ordinary savings account.
Interest Rate Swap | Examples | Uses | Swap Curve
Wall Street Mojo
JANUARY 17, 2024
Financial institutions with good credit ratings offer swap facilities to clients and charge fees from brokers. Usually, financial institutions with very high credit worthiness are the ones that offer the swap market to clients who may be investors or other financial institutions. read more and loans.
The 11 Concepts And Ideas I Learned From Interviewing ChatGPT On How To Buy A Business.
How2Exit
FEBRUARY 23, 2023
When considering buying an existing business, it is important to take into account the size of the business. Small and medium-sized businesses (SMBs) are typically characterized by their relatively small number of employees, revenue, and market share compared to large corporations.
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SWOT Analysis: A Framework to Analyze Strengths, Weaknesses, Opportunities and Threats
Peak Frameworks
MAY 23, 2023
The 2008 financial crisis was a significant threat to many financial institutions in the U.S. Practical Application of SWOT Analysis in Finance SWOT Analysis is a versatile tool, equally applicable in Investment Banking, Private Equity, and Corporate Finance. Consider the acquisition of LinkedIn by Microsoft in 2016.
What is Commercial Paper? Definition and Key Characteristics
Peak Frameworks
OCTOBER 17, 2023
Commercial paper is a financial instrument that helps corporations with short-term funding and liquidity needs, such as payroll or accounts payable. Characteristics of Commercial Paper Commercial paper has a few distinct features that can make it attractive for corporations: 1.
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How to Cancel NACH Mandate? – All About eNACH Cancellation
Razorpay
NOVEMBER 19, 2024
NACH mandate cancellation is an important process that every account holder should understand. The e-NACH represents the digital version of NACH developed by the National Payments Corporation of India (NPCI). This authorisation allows the automatic debiting of specified amounts from the customer’s bank account on scheduled dates.
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What is a Payment Aggregator? – How It Works and Types
Razorpay
JANUARY 3, 2024
Not every business has the ability to partner with such a huge number of institutions, so payment aggregators essentially act as a middleman between individual businesses and financial institutions. If a portal partners with a payment aggregator, it will be called a merchant and can create sub-merchant accounts for AMCs.
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Grenke's audit statement
Bronte Capital
MAY 21, 2021
The words of the release outlined what the key issue was - trust in a financial institution. In this situation it is particularly important that the judgements required for accounting and measurement purposes are not influenced by considerations that are not appropriate. The stock rose sharply. Lease receivables’.
UBS and Credit Suisse: The Next Shoe to Drop in the Financial Crisis of 2023?
Mergers and Inquisitions
MARCH 22, 2023
Insure the Deposits – But this is expensive and is available only up to a certain per-account limit in most countries, such as CHF 100,000 in Switzerland and $250,000 in the U.S. Create a “free” national bank that offers checking/saving accounts for everyone. OK, But What Was the Catalyst for the Run on Credit Suisse?
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What is the SWIFT Banking System? (Definition, Benefits, Challenges)
Peak Frameworks
SEPTEMBER 19, 2023
For instance, If John in New York wants to send money to Emma in Paris, his bank, says JPMorgan Chase, will send a SWIFT message to Emma's bank in Paris detailing the amount, account number, and other vital details. Corporations: Large multinational corporations utilize SWIFT for their international dealings, especially in trade finance.
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Demystifying International Payments: A Comprehensive Guide
Razorpay
OCTOBER 31, 2023
Whether you’re an entrepreneur running a small e-commerce store or a multinational corporation engaging in large-scale global transactions, understanding the intricacies of international payments is essential. With currency coverage, a range of currencies are offered and supported by a payment service provider or financial institution.
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How Fintech is Revolutionising the Small Business Landscape
Razorpay
AUGUST 10, 2023
Gathering capital Tax compliances Accounting and regulatory compliances Time management amidst high growth Detailed financial insights for better decision making Do you see a pattern? Insuretechs like Acko and GoDigit Insurance have managed to make personal and corporate insurance more approachable than ever. What is RazorpayX?
Business 52
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What is Leadership? Examples in Finance and Key Traits
Peak Frameworks
JUNE 27, 2023
This decision effectively insulated Goldman Sachs from significant losses during the financial crisis and cemented its place as a resilient financial institution. Integrity In the financial world, the importance of integrity in leadership cannot be overstated.
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Audit Engagement Letter
Wall Street Mojo
JANUARY 4, 2024
Many corporations utilize varied audit engagement letter templates tailored to their specific needs. The audit, a routine practice for many banks and financial institutions , involves a thorough review and assessment of bank statements, balance sheets, and financial reports.
Bullet Bond
Wall Street Mojo
JANUARY 18, 2024
Banks and financial institutions Financial Institutions Financial institutions refer to those organizations which provide business services and products related to financial or monetary transactions to their clients. Bullet Bonds are the most common and widely issued bonds across the globe.
What is PCI DSS Compliance? 12 Basic Requirements and Compliance levels
Razorpay
AUGUST 13, 2024
Regulatory Alignment Striving for PCI DSS compliance ensures the security of payment card data and prepares businesses to comply with other regulations like HIPAA (Health Insurance Portability and Accountability Act) and SOX (Sarbanes-Oxley Act). It sets a strong foundation for overall regulatory alignment. Is PCI DSS mandatory?
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The Full Guide to Healthcare Private Equity, from Careers to Contradictions
Mergers and Inquisitions
NOVEMBER 1, 2023
In terms of mobility , you could easily join a healthcare investment banking team , move to a portfolio company in a corporate development role, or potentially even move into venture capital if you’ve had some life sciences exposure. in biology. If you have an M.D.
Hard Landing
Wall Street Mojo
JANUARY 17, 2024
When a sharp slowdown after a rapid growth period materializes, an expansionary monetary policy withdrawal results in a financial crisis , a decline in investors’ confidence, or a stock market crash. The two primary reasons behind the boom were a large number of speculative investments and excessive borrowing from financial institutions.
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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
Deals could be done on a corporate level (i.e., Recruiting and Daily Life as an Analyst or Associate in Sports Investment Banking Sports investment banking is not particularly specialized, so you don’t get extra points for having “industry experience” in the same way you might in an oil & gas , mining , or financial institutions group.
Post-Merger Integration Playbook: A Step-by-Step Guide to Successful M&A Transactions
Devensoft
JUNE 13, 2023
Cultural risks: When integrating organizations, there may be clashes between different corporate cultures, work styles, and communication methods. Financial Institutions : Banks, investors, and other financial institutions that have a stake in the organization’s financial performance and stability are important stakeholders.
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Tech unicorns UK – complete guide to the billion-dollar club
Growth Business
AUGUST 22, 2023
Now, the company boasts 18 million users, offering bank accounts, overseas transfers, crypto exchange and features like early salary payments – supporting over 30 in-app currencies. Transport Bio: With over 2,000 partner fleets, Gett provides different transportation options in one place allowing you to book a taxi for corporate teams.
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UPI for Current Account: How to Register and How it Works?
Razorpay
JANUARY 29, 2025
Digital payment system has revolutionised banking methods for current account holders. They can now link their business accounts to UPI (Unified Payment Interface) to enable instant, seamless money transfers directly through mobile applications. What is UPI for Current Account? How to Create a UPI ID For A Current Account?
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What is e-Mandate? Meaning, Registration and How Does It Work?
Razorpay
APRIL 10, 2025
It was introduced by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI). e-Mandate Key Takeaways The financial institution you want to pay through e-Mandate must be registered with the National Payments Corporation of India (NPCI) to offer NACH services. Use Cases of e-Mandate 1.
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What Is an ACH Debit and How Does It Work?
Razorpay
JANUARY 27, 2025
It revolves around the concept of pulling funds directly from a payer’s bank account, as authorised by the account holder. ACH debit is a type of electronic payment that allows a business or individual to withdraw funds directly from a payer’s bank account. Here’s a breakdown of how ACH debits work: 1.
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