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All Posts Tagged Tag: ‘Banking’

Online Banking: Tips To Make Life Easier

Online banking is a convenient option that most banks offer their customers. Online banking allows you to check your balance and pay bills online. If you aren’t a fan of making trips to the bank or are tired of keeping track of your finances with a paper and pen, online banking may be a good option for you. If you …

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Credit Suisse Pleads Guilty to U.S. Tax Evasion

Swiss banking firm Credit Suisse this week pleaded guilty to U.S. tax evasion charges. According to the U.S. Department of Justice, Credit Suisse is the largest bank to plead guilty to such charges in over two decades. The case surrounds a years-long investigation by the U.S. government into a conspiracy to aid U.S. taxpayers in avoiding taxes. The charges allege …

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Swiss Banker Found Guilty of IRS Fraud

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 Swiss banker in the movie (based on real-life banker Jean-Jacques Handali) matches the long-held Hollywood stereotype of a Swiss banker. …

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U.S. Marijuana Policy Needs Overhaul To “Cash Only” Sales

With the Colorado recreational pot explosion slowly gaining the nation’s acceptance, and in the process, proving to the world that recreational marijuana can go off without a hitch, the U.S. Treasury and law enforcement agencies are more accepting of state-sanctioned cannabis businesses. Colorado’s legalization of recreational marijuana sales opened its first pot store on January 1. Although our government isn’t …

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T-Mobile to Offer Pseudo-Checking Accounts to Customers

T-Mobile certainly does not lack in creativity. Though the mobile provider’s new initiative to pay off early termination fees for customers who switch to T-Mobile might not lure every customer away from its competitors, the move has certainly put pressure on AT&T, Verizon, and Sprint. Now it appears that T-Mobile has even larger ambitions in taking on U.S. banks. T-Mobile …

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JPMorgan Scraps Twitter Q&A Over Fiscal Furor

It was a brief idea that lasted all of nine glorious hours: the vice-chairman of US corporate banking giant JPMorgan, Jimmy Lee, announced he would be taking over the @jpmorgan Twitter feed at 1pm today. By last night, however, major news outlets around the world were reporting the idea as completely scrapped because of the thousands of angry, abusive tweets …

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JPMorgan Refunds $389 Million to Customers for Ill-Suited Credit Card Practices

JPMorgan Chase & Co. have had coarse week that has cost them well over $1 billion in fines and refunds. Only hours following the announcement of admission in the London Whale trade devastation, which cost the bank $920 million in fines, JPMorgan made yet another announcement. The bank informed the public that they’d executed a massive reimbursement of over $309 …

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Bank of America to Cut 16,000 Jobs by Year’s End

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 that the layoffs are part of cost-cutting measures that will make the company “a leaner and more focused enterprise. The …

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Oracle Acquires SelectMinds, Launches Retail Mobile PoS, Banking Platform

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 find talent through trusted contacts. Making recruiting efforts efficient and seamless by leveraging social connections and through mobile applications helps …

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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 the company is trying to achieve. It’s been obvious for a while that Facebook will make a major push in …

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Sweden: Cash and Coins are Being Used and Accepted Less

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 rural areas do not have credit cards and do not know how to withdraw cash through their use. This has …

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PayPal Agrees to Ban Books with Obscene 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 limit “the company’s PayPal account unless Smashwords removed from its Web site e-books “containing themes of rape, incest, bestiality and …

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