Category: Banking

Citigroup Posts Best Quarter Since Late 2007

Citigroup Posts Best Quarter Since Late 2007

Citigroup became the latest bank to post better than expected results for its first quarter. The bank on Friday said net income of $1.6 billion, compared with a loss of $5.11 billion in the quarter a year ago. Citigroup’s problems are far from over, but it had its best quarter since late 2007.

World Top Ten Banks Accused Of Laundering Money For Iran

World Top Ten Banks Accused Of Laundering Money For Iran

Lloyds admitted it laundered $300 million and agreed to pay a $350 million fine and open its books to investigators. If records show that the bank knew it was helping Iran break international law or foster terrorism, Lloyds could face criminal prosecution, authorities said.

Safe Online Banking Transaction In 6 Simple Steps

Safe Online Banking Transaction In 6 Simple Steps

Banking is more sensitive business than the other. The online banking makes it more sensitive because all the information and financial transactions take place online. Reports of rampant Internet fraud and identity theft have...

Is Interest The Only Aspect Of A Loan?

Is Interest The Only Aspect Of A Loan?

After consumers complete the loan application and have chosen a loan type, the lender provides several documents to borrowers that disclose important aspects of the loan. When it comes to borrowing money, it is...

Which Business Bank Account Is Best For Me?

Which Business Bank Account Is Best For Me?

In your lifetime, you will use plenty of banking products that were previously not available to the ordinary person. Whether you are starting out with a small company or whether you run an established...

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