Finance News

Adoption Of Technology In Rural Banking How Government Can Help

Adoption Of Technology In Rural Banking How Government Can Help

Imagine a rural farmer, miles away from the nearest town, executing a complex banking transaction with a few taps on a mobile phone. Sound like science fiction? Not anymore. The adoption of technology in rural banking is bridging gaps and bringing the future to the most remote areas. So, how can the government pitch in …

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Banking For Small Businesses

Banking For Small Businesses: 6 Best Financial Options

When launching a startup finding banking for small businesses can be a challenge, choosing the right bank feels a bit like choosing the right life partner. It’s about trust, understanding, and a little bit of spark. For the budding entrepreneur, navigating the maze of small business banking options can be overwhelming. So, let’s simplify it, …

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wells fargo

Sen. Warren Accuses Wells Fargo CEO Of Dodging Questions

CEO Charles Scharf told Burr that the bank’s answers to fraud-related queries about Zelle were “misleading, insulting, and useless.” The Massachusetts Democrat, who chairs the Senate Banking Committee, says that customers at Wells Fargo who use Zelle report fraud or scams more than twice as high as other big banks. She said Wells Fargo also …

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stocks

Berkshire Hathaway Talks Stocks As Other Companies See Movement As Well

Despite recent recession fears, Berkshire Hathaway’s third-quarter operating profits were up. Meanwhile, Warren Buffett continued to buy his stock at a moderate pace. The Omaha-based company made a total of $7.761 billion in the third quarter, up 20% from last year’s period. Insurance-investment income increased to $1.408 billion this year, up from $1.161 billion in …

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bitcoin

Federal Authorities Seize $3.36 Billion Worth of Bitcoin

On Monday, the Department of Justice announced that it had seized $3.36 billion in stolen bitcoin in a previously unannounced raid on the residence of James Zhong. Friday, Zhong pleaded guilty to wire fraud. This act is punishable by up to twenty years in prison. According to the Department of Justice, U.S. authorities seized about …

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Inflation Reduction Act

The European Union Has Serious Issues With Biden’s Inflation Reduction Act

CNBC reported on an EU document that shows that the bloc has “serious concerns” about the U.S. Inflation Reduction Act, which “breaches international trade rules.” The Inflation Act stated it would use $1.5 billion of its funds to improve its national laboratories. However, the EU saw this act in a different scope. U.S. Secretary of …

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