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Explained | The current banking crisis in the US and Europe

BankBazaar

Some of the factors that contribute to the strength of the Indian banking system is its robust regulatory framework, diversified banking sector and deposit insurance. To prevent bank runs, many countries have established deposit insurance programs that guarantee a certain level of protection for depositors’ funds.

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FDIC issues cease and desist letters alleging false or misleading representations about deposit insurance on crypto-related products

CFPB Monitor

On August 19, 2022, the FDIC issued cease and desist letters to five crypto companies, alleging they made false and misleading statements about FDIC deposit insurance and demanding immediate corrective action. The five companies are FTX US, Cryptonews.com, CryptoSec.info, SmartAsset.com, and FDICCrypto.com. Part 328, Subpart B.

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What is a Certificate of Deposit (CD) and How Do They Work?

Ublocal

During times of market volatility, like those we’re experiencing today , many individuals interested in building their nest egg, or saving for a specific goal, look for alternatives that offer less risk and more stable returns than traditional stocks and stock-based accounts. But first, let’s discuss what they are, exactly.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. And S&L’s had long-term, lower yielding mortgages funded by shorter term deposits. trillion failed. The old borrow short, lend long strategy.

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Simple ways to help you manage the rising cost of living

Qudos Bank

Having the right strategies and services in place could empower you to save, budget, and invest for a strong financial future. For example, compare unit prices at the supermarket, switch to home-brand products, and seek out grocery specials to reduce your weekly spending. We also offer calculators for your budget and savings plans.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. But it’s clear that the company remains very focused on building financial services products that support its core strategic goal: increasing participation in the Amazon ecosystem. Rumors: What will Amazon do next?

Cards 101
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Payment Products – 14 Ways Banks Will Make Money

South State Correspondent

In the future, banks will make money on payment products by DELAYING settlements. This article delves into 14 products that banks have that will create more customer and franchise value. The Five Pillars of The Payment Product Revolution. Customized Payment Orchestration.

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