Other Business & Society

The Federal Deposit Insurance Corporation (FDIC) manages the insurance fund that protects bank deposits. Although the FDIC is an agency of the federal government, member banks fund the insurance...

More than 115 banks have failed in 2009, and the total will be higher by the end of the year. This is more than four times the number of failures in 2008. In 2009, many of these failures have...

Ecobank Ghana is part of a West African network of commercial banks. It's one of Ghana's most well-known financial institutions.

Wells Fargo has a long history dating back to the mid-1800s and the settlement of the West. The company grew through acquisitions and mergers with smaller banks and companies. In the 1990s, Wells...

Chase is a bank that has gone through several changes in its history, which goes back to the late 18th century. It now functions as a division of a huge financial services firm.

An Automated Teller Machine, or ATM, seems to take the place of face-to-face banking these days. You can simply walk or drive up to your bank's ATM and do many transactions without ever speaking...

Most banks offer both bank checks and certified checks as guaranteed forms of payments. The differences between the two are subtle, the main difference relating to who signs the check and who is...

Managing your bank account online is convenient, time saving and offers many features that are designed to make life easier, while being accessible 24 hours a day. Online banking offers nearly the...

Wells Fargo began in 1850 with the merger of two transportation companies: Wells and Company, and Butterfield, Wasson and Company, two freight handlers in competition in the eastern United States....

The child of former slaves, Maggie Lena Walker was an American who went on to become a very successful businesswoman. She received an education at the Armstrong Normal School and the Lancaster...

If you're like most folks, you don't leave home without it. American Express? Think again. It's MasterCard, the credit card that makes spending as easy as grabbing a pen. This brand has been...

There are many risks associated with bank loans, both for the bank and for those who receive the loans. A close analysis of risk in bank loans requires understanding what risk means. Risk is a...

Mellon Bank -- now the Bank of New York Mellon Corp. -- was founded in Pittsburgh and grew over a hundred and fifty years to become one of the world's leading asset-management firms. The combined...

TD Waterhouse is a discount brokerage company in Canada. It is owned by U.S.-based Ameritrade, a securities and investment firm. The company has operated under a number of different names since...

Monetary policy is the regulation of a country's money supply by the central bank of a country or region. In the United States, the central bank is the Federal Reserve Board. Monetary policy tools...

The ATM, or Automatic Teller Machine, allows bank customers to withdraw money without the need for a live bank teller. These machines are available all over the world, and customers from one bank...

The transition from the traditional sense of banking toward the convenience of an online system dates back through the 1980s and until the mid-1990s.

Chase is the commercial and retail banking arm of JPMorgan Chase & Co. With roots that go back 200 years, Chase is one of the oldest and largest American financial institutions. With a...

In the history of the stock market, there have been very good days and very bad days. There have been six times in the history of the New York Stock Exchange (NYSE) when prices dropped, causing...

Charge cards and credit cards have a long history. The credit card industry as we know it today, has roots as far back as the very early 1900s. At one time, banks and retailers offered customers...

Local union banks are full-service banks that are often locally owned and managed. In addition, like the Union Bank of California, they may have several branches throughout a state. Many union...

There are a lot of things that take place when you first open a checking account. Some things take a little bit of time to take effect before your account is active. One of the things you will...

As of April of 2009, China owned the three largest banks in the world (in terms of market capitalization). Due to the global financial crisis, this ownership is the direct result of China's...

Money orders have a number of advantages over checks. The biggest benefit to the payee who receives a money order is that it has been paid for, so there's no chance of finding out it isn't good. A...

Obtaining a credit card when you have no credit history can be difficult, especially in today's financial climate. If you have a steady job and pay your bills on time, your chances for qualifying...

Many purchases need checks written for payments. Checks are a very efficient way of payment, instead of carrying large sums around in bags or wallets.

The brick-and-mortar bank is the bank you may use for banking. It is the bank where you go to deposit checks, withdraw money, transfer money, and it's also the bank you use to pay your bills by...

One of the many lessons people learn while growing up is how to prudently handle ones relationship with money. This usually begins with going down to the local bank and opening up a bank account.

This daily habit will take a lot of self discipline, but done over a period of time can become a habit that makes you rich. This technique/daily habit is what most rich people do everyday.

Small businesses, contract workers, and account holders set up and use transaction accounts for the daily business transactions of a business or venture. Like a business or individual checking...

Standard Bank Offshore is the name of Standard Bank's non-South African locations. Standard Bank has many "offshore" branches, including those in the Isle of Man, Jersey in the Channel Islands and...

A certificate of deposit (or CD) is similar to a savings account in that you are paid interest on money deposited in a financial institution. However, you earn higher interest in exchange for...

While terms like "cleared check" and "the check has cleared" are quite common and you've probably encountered them regularly, they may not mean exactly what you thought. Read on for further...

Having a checking account is very useful. You deposit your paycheck or other funds and then simply write a check or use your debit card when you want to withdraw money. It's convenient and a lot...

Losing a job, unusual expenses or a combination of the two can cause you to fall behind on your house payment. While this may happen occasionally, when can a bank foreclose on your home? There...

A personal loan is also known as an "unsecured" loan, which means no collateral is provided upfront by the borrower. If borrowers are able to meet certain criteria, Bank of America does have the...

Fleet Bank was formed by a merger of BankBoston and Fleet Financial group. After a series of mergers and expansions, the company changed its name to FleetBoston and became the dominant banking...

Key Bank is a Cleveland based corporation and has assets over 101 billion dollars. Key Bank is a full service bank that has 986 full service branches. For personal banking, it offers consumers a...

Computers have advanced so much that people rely on them for information, schedules, jobs, and even banking. Online banking provides users with almost all of the essential tools to get their...

Online banking, also known as Internet banking, is a service that allows bank members to access bank accounts and conduct financial transactions via the Internet. Online banking is offered by a...

Learn about Keeping an open bank account for a non-profit organization in this free business startup video from our management and event coordination expert.

The efficiency ratio is an investing term used to describe the productivity of a bank. Basically, it represents how much money the bank must spend to generate each dollar it brings in. Here's how...