US central bank to study Facebook virtual currency

The US Federal Reserve has created a "working group" that is coordinating with government agencies and other central banks to consider the implications of Facebook's planned virtual currency Libra, chairman Jerome Powell ...

The ATM at 50: How it's changed consumer behavior

An automated teller machine. The cash machine. In Britain, a cashpoint. ATMs, known for spitting out $20 bills (and imposing fees if you pick the wrong one), turn 50 years old this year. They're ubiquitous—and possibly ...

Narcissistic CEOs at American banks took great risks, study shows

Banks that were led by a more narcissistic – that is, highly self-loving and self-appraising – CEO before the collapse of the US banking industry in September 2008 suffered more severe consequences of that systemic shock. ...

Bitcoin's 'blockchain' tech may transform banking

The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionize the sector.

Study suggests banks could learn from monkeys to avoid collapse

(Phys.org) —All jokes about monkey business aside, primate social networks provide valuable lessons that could help predict and prevent catastrophes like the global financial crisis of 2008, report researchers at the University ...

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