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Regulators close The Bank of Georgia in the 7th bank failure of 2015 + MORE Oct 3rd
Regulators are closing a small Georgia bank, marking the seventh failure of a federally insured bank this year.
The Bank of Georgia, based in Peachtree City, Georgia, was closed Friday, the Federal Deposit Insurance Corp. said.
Fidelity Bank, a subsidiary of Fidelity Southern Corp., agreed to buy $2.... More »
Visa vs. Mastercard: What are the differences—and do they matter? Aug 21st
A frequent question we hear at MoneySense is: Which is better—Visa or Mastercard? When looking for a credit card, there are all sorts of things to consider. What is the interest rate? Can you collect rewards points or cash back for making purchases? Is there a bonus for signing up, and what perks .... More »
Credit Memo vs. Debit Memo: What’s the Difference? Apr 8th
If you pay close attention to your bank statements, you may notice an item labelled, “credit memo”, from time to time. But without more information, it’s hard to know what the credit memo is for; why you received extra money in your account. The same goes for “debit memos.” Businesses also.... More »
At midday: TSX rises with commodities + MORE Oct 19th
Energy, banks push Wall Street higher, Intel limits gains
.... More »
Researchers: Asian bank hacks may be linked to North Korea May 27th
NEW YORK, N.Y. – Cybersecurity researchers said North Korea might be connected to a recent attack that resulted in the theft of over $100 million from the Bangladeshi central bank and the attempted thefts of millions more from other Asian banks.
If the finding holds up, the attacks would amoun.... More »
Thousands in Moldova protest for reforms, investigation into $1.5 billion missing from banks
– canadianbusiness.com
CHISINAU, Moldova – Thousands have protested against Moldova’s government, saying it has failed to implement reforms to bring the country closer to the European Union.
Protesters also called on the government to investigate the disappearance of $1.5 billion from the state-owned Savings Bank, and the private banks Unibank and the Social Bank, in November 2014 before elections.
Thousands of people demonstrated in Chisinau on Sunday, waving Moldovan and EU flags yelling “Down with the thieves!” and “We want the billions back!” There were no reports of violence.
Mouldovan officials have recently launched an investigation into the disappearance of the money. Moldova’s currency has lost 20 per cent value this year.
The current government is backed by communists, who favour a slower approach to reforms. Moldova signed an association agreement with the EU last year.
The post Thousands in Moldova protest for reforms, investigation into $1.5 billion missing from banks appeared first on Canadian Business – Your Source For Business News.
Protesters also called on the government to investigate the disappearance of $1.5 billion from the state-owned Savings Bank, and the private banks Unibank and the Social Bank, in November 2014 before elections.
Thousands of people demonstrated in Chisinau on Sunday, waving Moldovan and EU flags yelling “Down with the thieves!” and “We want the billions back!” There were no reports of violence.
Mouldovan officials have recently launched an investigation into the disappearance of the money. Moldova’s currency has lost 20 per cent value this year.
The current government is backed by communists, who favour a slower approach to reforms. Moldova signed an association agreement with the EU last year.
The post Thousands in Moldova protest for reforms, investigation into $1.5 billion missing from banks appeared first on Canadian Business – Your Source For Business News.
