Swiss Banker Found Guilty of IRS Fraud

Swiss Banker Found Guilty of IRS Fraud

By Sean Patterson March 12, 2014

The Swiss banking system, and Swiss bankers in particular, were portrayed in the 2013 Oscar-nominated Scorsese movie The Wolf of Wall Street as outright corrupt. Though the movie, its events, and its characters are based on real-life events, Jean Dujardin’s …

Bank of America to Cut 16,000 Jobs by Year’s End Bank of America to Cut 16,000 Jobs by Year’s End
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Bank of America will be speeding up its cost-cutting measures and will lay off 16,000 employees by the end of the year. The Wall Street Journal has obtained a “document given to top management” of the bank and is reporting …

Oracle Acquires SelectMinds, Launches More Products Oracle Acquires SelectMinds, Launches More Products

Oracle announced that it is acquiring cloud-based talent sourcing app maker SelectMinds. The company’s apps provide tools for businesses in recruiting, hiring, and employee social connections. “Recruiting candidates through employee referrals is widely acknowledged as the most effective method to …

Would You Do Your Banking On Facebook? Would You Do Your Banking On Facebook?

Can you imagine a world where all of your financial transactions are going through the same account as all of your photos, status updates, videos, game playing, and music discovery? Facebook certainly can, and that looks to be the goal …

Sweden Helps Banks Grow Richer by Limiting Cash Sweden Helps Banks Grow Richer by Limiting Cash
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The prevalence of cash and coins in Sweden is diminishing. The shift to make cash money a thing of the past is a controversial move that has impacted its people tremendously. Limitations of a Cashless World Elderly individuals living in …

Rise of E-Books and Restriction of Content Rise of E-Books and Restriction of Content

PayPal is sparking some tension in the publishing world by requesting that e-book contributors ban books that contain “obscene themes including rape, bestiality or incest.” PayPal notified Mark Coker, founder of e-book publisher and distributor of Smashwords, that it would …

Financial lives of consumers becoming more digital Financial lives of consumers becoming more digital

Cha-ching! In the United States, half of all bill payments made (by households with access to the Internet) are being paid online. Nearly forty percent of mobile banking users have paid a bill using their phone and one out of …

BankSimple Makes Mysterious “Key Hire”
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BankSimple, the startup that’s supposed to disrupt the banking industry, has apparently made an important hire that may or may not have a direct impact on whether that actually happens. 

Mobile Banking Trends Accentuate Mobile Growth in General

Mercatus released the results from an interesting survey about the mobile offerings of banks. According to the firm’s findings, banks that offer mobile financial services can increase their new customers acquisitions by as much as sixty percent.

Countrywide CEO Disgusted By His Customers
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There are lots of rules for being a decent person. None of them apply to banking, as we’ve seen again and again lately. But you’d think a certain level of smarts would accompany the lack of decency required to run a banking institution, and that level of smarts would include an understanding that when your house is on fire, you don’t piss on the firemen.

Talk Show Host Gets Bank Account Hacked

Hackers turn the tables on the talk show host “Top Gear” who made an outrageous claim that no one could do anything evil if their banking information was stolen.

The humor part comes in that when he checked his bank account, someone had done a 500 pound (1000 dollar) donation to diabetes UK.

Mobile Banking Set To Take Off

Over 40 million U.S. consumers will use their mobile phones for banking by 2012, up from around one million in 2007, according to TowerGroup’s "Mobile Banking Evolution: Issues and Considerations for 2008" report.

AdSense Blog Reveals Odd Banking Policy
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An otherwise mild write-up of how Google sends checks to AdSense publishers for their earnings has a strange twist that hints at a relationship with Citibank that defies common banking practices.

Online Banking Preferred By Younger Generation

Banking at a branch still ranks first overall among consumer’s usage, but younger customers are continuing to do their banking online, according to a survey from the American Bankers Association.

Banks Need To Blog

Less than one percent of financial institutions have a blog according to a new report from Javelin Strategy & Research.

Young Adults Favor Online Banking

Consumers born between 1982 and 2000 are accustomed to using the Internet to access financial services, according to Celent Communications "The Millennials, Financial Services and the Web" report.

Self-Service And Online Banking

Over 75 percent of U.S. and Canadian consumers polled said they were more likely to do business with organizations that offered self-service, according to a study from BuzzBack Market Research for NCR.