Amazon Reportedly Wants to Venture into Banking

In its bid to strengthen its relationship with its millions of existing customers, eCommerce giant Amazon is carefully considering a foray into the highly regulated banking industry. While The Wall Street Journal reported the initial talks between Amazon and financial…

You Can Now Do Banking With Amazon Echo Devices

Amazon announced that Capital One will be the first company to provide customers with the ability to interact with their financial information through Alexa-enabled devices like the Amazon Echo, Fire TV, or the new Amazon Tap or Echo Dot. “Starting…

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…

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…

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…

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…

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…

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…

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…

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…