The Woodbury Banking Company Closed by Regulators

The Woodbury Banking Company, a tiny bank located in Woodbury, Georgia, was closed today by Georgia state regulators. The FDIC, appointed as receiver, sold the bank to United Bank, Zebulon, Georgia, in order to protect...

HIGHEST AND LOWEST ATM WITHDRAWAL LIMITS AT CHASE, WELLS FARGO AND 14 OTHER BANKS

Using an ATM is the second most popular way for Americans to bank, with 75 percent of customers using this method, according to the Federal Reserve’s Consumers and Mobile Financial Services 2016 report. So knowing...

Payroll Card Regulations in New York Are Struck Down

A New York State effort to more tightly regulate the prepaid cards on which many employees receive their wages was struck down by a review board, which ruled that the state’s Labor Department exceeded its...

Top Challenges Facing The Banking Industry Right Now

How is the traditional banking industry keeping up with today’s constantly changing technology landscape? Not very well it seems, according to the video, “Addressing Start-up Competition,” by SAP and IBM. Banks are facing challenges in several...

THINGS TO CONSIDER ABOUT WHERE AND HOW YOU BANK TODAY

Disruption is everywhere. From how you get news to get around town and buy groceries, virtually every basic service has been reimagined, redesigned and refitted for a digital world — and banking is no exception....

Coming up this week: Jobs Friday, the Fed, bitcoin and more

Jobs, jobs, jobs While the market will occupy itself will all sorts of news over the week, the most important comes Friday. That's the day the Bureau of Labor Statistics presents its nonfarm payrolls count for...

What Booming Markets Are Telling Us About the Global Economy

The stock market reached yet another new high on Wednesday, the latest development to make a mockery of what savvy economic commentators thought they knew about the world. Consider how things looked one year ago. The...

Deutsche Bank to Raise $8.5 Billion and Reorganize Some Operations

LONDON — Deutsche Bank said on Sunday that it planned to raise an additional $8.5 billion in capital, reorganize its retail business in Germany and combine its markets business with its corporate and investment bank...

TIPS AND TERMS TO KNOW BEFORE OPENING YOUR FIRST ACCOUNT

It’s time to open a new bank account. Perhaps you’re getting your first job after years as a college student who didn’t have much use for a bank. Or perhaps your parents set up an...

U.S. Justice Department targets executives in Wells Fargo probe –sources

WASHINGTON, March 3 (Reuters) - A U.S. Justice Department probe into a phony accounts scandal at Wells Fargo & Co is asking whether executives hid details from the company board and regulators as the problem...

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