Sharing Bank Accounts Can Deepen a Couple’s Relationship
The New York Times: Banking
FEBRUARY 9, 2025
Fewer couples are combining their bank accounts. But that trend may not promote partners overall financial health, experts say.
How to Keep Your Bank from Canceling All Your Accounts
The New York Times: Banking
NOVEMBER 18, 2023
Banks have suddenly shut down the accounts of scores of customers. Here’s how you can avoid becoming one of them.
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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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Banks Offer Bonuses for Customers Opening New Accounts
The New York Times: Banking
SEPTEMBER 13, 2024
Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.”
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Why banks are suddenly closing down customer accounts
The New York Times: Banking
NOVEMBER 5, 2023
Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.
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Quiz: Would You Close This Bartender’s Bank Account?
The New York Times: Banking
DECEMBER 9, 2023
Here’s what bank security employees might be thinking when deciding whether to shut down a customer account after detecting unusual activity.
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Zero Balance Current Account: A Quick Explainer
Razorpay
JANUARY 19, 2024
Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?
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European Central Bank issues statement on framework for assessing capital buffers of other systemically important institutions
JD Supra: Mergers
JANUARY 20, 2025
The European Central Bank has published a statement on its framework for assessing capital buffers of other systemically important institutions.
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Corporate Accounting: Meaning, Importance & Explanation
Razorpay
JULY 25, 2023
Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.
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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen
The New York Times: Banking
JULY 9, 2024
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.
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Accounting Information System (AIS)
Wall Street Mojo
JANUARY 15, 2024
What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?
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A Russian Bank Account May Offer Clues to a North Korean Arms Deal
The New York Times: Banking
FEBRUARY 5, 2024
Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied allied intelligence officials suggest.
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Citi Is Sued by New York State Over Account Transfer Fraud
The New York Times: Banking
JANUARY 30, 2024
New York’s attorney general said the bank failed to protect its customers from hackers who, in some cases, stole their life savings and college funds.
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This bank offers an industry-leading savings account yield above 5%
CNBC: Investing
DECEMBER 8, 2023
The Federal Reserve's rate-hiking cycle has been great news for savers hoping to earn a little money on their cash.
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Help! Ryanair Won’t Send Flight Compensation to a U.S. Bank Account
The New York Times: Banking
JANUARY 3, 2025
After being grounded for 12 hours in Berlin, a mother and daughter were owed both compensation and a rebooked flight. All they got were nonsensical responses from customer service.
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RBI to come out with guidelines regarding fraud account classification
Business Standard - FInance
JUNE 8, 2023
The Reserve Bank will 'shortly' come out with revised guidelines on fraudulent account classification to take into account the recent apex court order that asked lenders to ensure natural justice to a defaulter before labelling him a fraudster.
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Razorpay set to save Indian Exporters $5 Billion, launches MoneySaver Export Account
Razorpay
JULY 25, 2023
But no longer! Introducing Razorpay’s MoneySaver Export Account Razorpay proudly announces the launch of MoneySaver Export Account, an exclusive offering for Indian exporters. MoneySaver Export Account ensures that Indian exporters can offer their global customers a local banking experience, across 200+ countries.
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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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RBI imposes fine on Jammu and Kashmir Bank, Bank of Maharashtra, Axis Bank
Business Standard - FInance
JUNE 23, 2023
The Reserve Bank on Friday said it has imposed a penalty of Rs 2.5 crore on Jammu and Kashmir Bank for non-compliance with certain directions, including one related to 'time-bound implementation and strengthening of SWIFT-related operational controls'. A penalty of Rs 1.45 A penalty of Rs 1.45
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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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Binance Moved Billions Through Two U.S. Banks, Regulators Say
The New York Times: Banking
JUNE 7, 2023
shared new details about how Binance’s accounts at Signature Bank and Silvergate Bank were used to move customer funds quickly through a web of foreign companies.
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NatWest to buy most of Sainsbury’s Bank
The Guardian: Mergers & Acquisitions
JUNE 20, 2024
Deal comes after retailer’s strategic review concluded banking operations could distract from core grocery arm Business live – latest updates NatWest has struck a deal to buy most of Sainsbury’s banking business, adding 1m customer accounts in the latest wave of consolidation in the sector. Continue reading.
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Citigroup Makes (and Then Fixes) an $81 Trillion Mistake
The New York Times: Banking
FEBRUARY 28, 2025
The bank temporarily credited a customers account with trillions of dollars, adding to scrutiny of risk management systems after a series of errors.
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The Role of Investment Banking Courses in Career Progression
OfficeHours
JUNE 2, 2023
There are a lot of reasons why investment banking courses can be beneficial to a junior employee. Because as a junior in investment banking, this is something that you want to experience. So below, I will go over some of the key benefits that investment banking courses can give you over the course of your career. Best of luck!
Alison Rose of NatWest Bank Resigns After Nigel Farage Allegations
The New York Times: Banking
JULY 26, 2023
Alison Rose of NatWest, one of the country’s largest banks, resigned after Nigel Farage, a Brexit firebrand, said his account had been shut because of his political views.
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Freelancing Made Easy: Razorpay Launches MoneySaver Export Account for 15 million Indian Freelancers
Razorpay
JUNE 24, 2024
Razorpay is proud to launch a solution tailored just for our Indian Freelancers – the MoneySaver Export Account , designed to simplify the international payment experience for freelancers, ensuring seamless receipt of payments from clients across the globe. So, what sets the MoneySaver Export Account apart? But fret no more!
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RBI permits banks to undertake compromise settlement of wilful defaults
Business Standard - FInance
JUNE 12, 2023
In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.
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When a Bank Rescinds a Job Offer Because It Canceled Your Credit Card
The New York Times: Banking
JUNE 6, 2024
Then it reviewed his account activity. Last year, JPMorgan Chase wanted to pay Mansoor Shams a low-six-figure salary to work in a marketing role.
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How This Dealmaker Closes a Business Acquisition Every Week—WITHOUT Using His Own Money!
How2Exit
MARCH 10, 2025
Key Takeaways: Vendor Financing as a Deal-Making Tool – Richmond explains how structuring deals with seller financing, instead of traditional bank loans, helps align interests and often results in better terms for both buyers and sellers. Overcoming Seller Expectations – Many business owners overvalue their companies.
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How Founders Can Get Paid (and Keep the Cash): A Practical Guide
JD Supra: Mergers
MAY 8, 2024
What type of entity you form impacts your taxes, which hits your bank account both immediately (quarterly taxes) and in the long term (at exit). Understanding market trends and effective planning strategies can yield improved financial results for start-ups and growth companies. Starting your start-up.
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06-22-2023 Newsletter: Navigating Layoffs in Investment Banking
OfficeHours
JUNE 22, 2023
Even PE associates are getting let go We’ve had dozens of laid off investment banking analysts and associates reach out to us for how to navigate a tough job market. From Goldman Sachs to Morgan Stanley to Citi and beyond, it seems like even the biggest banks are being impacted by reduced deal flow. Do you want to be a career banker?
10-27-2023 Newsletter: From Investment Banking to Media & Entertainment
OfficeHours
OCTOBER 27, 2023
Transitioning from a career in investment banking to the dynamic world of media may seem like a significant shift. open.spotify.com/show/7aeLSeoDAPHEGZ89UECnmk We are excited to host Rhea Harsoor as she shares her insights and journey from Investment Banking to Media and Entertainment TODAY AT 3PM ET ! How does one go from IB to Media?
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Security Deposits: Your Landlord May Owe You More Than You Think
The New York Times: Banking
JUNE 1, 2024
Landlords are required to put security deposits in interest-bearing bank accounts. How much of that interest goes to you?
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RBI imposes Rs 85 lakh penalty on Central Bank of India for non-compliance
Business Standard - FInance
MAY 26, 2023
lakh on Central Bank of India (the bank) for non-compliance with certain provisions of norms related to frauds classification and reporting. The Reserve Bank had conducted statutory inspection for supervisory evaluation of the bank with reference to its financial position as on March 31, 2021.
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SBI launches 34 Transaction Banking hubs nationwide to drive growth
Business Standard - FInance
JULY 1, 2023
State Bank of India, on Saturday, launched 34 Transaction Banking Hubs at 21 district centres across the country with an aim to provide quick and efficient Transaction Banking solutions to customers.Dinesh Khara, the chairman of the SBI, inaugurated the hubs, on the occasion of the 68th foundation day of the bank.As
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Does Your Book Move With You To The New Firm?
H. Friedman Search
FEBRUARY 8, 2024
In other words, are these accounts that you inherited when joining this firm, or are they accounts that you brought to the firm? Were they accounts that you had difficulty moving and finally moved, or were they reluctant to move? They most likely are accounts and clients that you have been serving throughout your career.
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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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10-11-2023 Newsletter: How to win in Investment Banking? From Analyst to VP
OfficeHours
OCTOBER 11, 2023
We cover topics like private equity, investment banking, switching careers, and how to grow in your job. OfficeHours is an online platform that provides 1-on-1 coaching, training, and advice to help you land a job in competitive finance careers including investment banking, private equity, growth equity, venture capital, and hedge funds.
2023 Joint Report on Multilateral Development Banks' Climate Finance
European Investment Bank
SEPTEMBER 20, 2024
The 2023 Joint Report on Multilateral Development Banks’ Climate Finance provides a comprehensive overview of climate finance commitments by MDBs. Overall, the report aims to promote transparency, accountability, and collaboration in climate finance.
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The Collapse of Silicon Valley Bank: The Start of Great Financial Crisis 2.0?
Mergers and Inquisitions
MARCH 13, 2023
In 24 hours, it went from “We’re fine, but we took some losses and need additional capital” to “The FDIC is taking over, the government has guaranteed uninsured deposits, and there might be additional bank runs and a financial crisis or three.” It’s the second-biggest bank failure in U.S. Silicon Valley Bank did not “fail” in 24 hours.
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RBI imposes Rs 2.2 crore penalty on Indian Overseas Bank for non-compliance
Business Standard - FInance
JUNE 2, 2023
Reserve Bank on Friday imposed a penalty of Rs 2.20 crore on state-owned Indian Overseas Bank (IOB) for non-compliance of income recognition and other deficiencies in regulatory compliance. The Chennai-based bank failed to make minimum mandatory transfer of a sum.
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Chinese bank was told to wire authorities $11mn after founder disappeared
Financial Times - Banking
SEPTEMBER 10, 2024
Opaque payment relating to China Renaissance chair Bao Fan leaves auditors wondering how to account for it
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Corporate Finance Jobs: Cozy Careers, But Bad “Plan B” Options
Mergers and Inquisitions
OCTOBER 30, 2024
Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. not banks or investment firms). What Are Corporate Finance Jobs?
Technology making up almost a quarter of banks’ overall expenditure as compliance demands mount, finds report
The TRADE
JANUARY 9, 2024
The largest investment banks globally have continually increased investment in technology over the last few years, with technology now accounting for 20% of these banks’ overall expenditure, a Coalition Greenwich report has found. Elsewhere, the report addressed the changing revenues of these banks in recent years.
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