DefinitionThe banker’s acceptance, also known as bill of exchange, is a bank draft that requires a bank to pay a holder of an instrument a stated amount on a specified date. This usually occurs with...
DefinitionThe Basel Accords are formed by the three-part banking regulations, namely Basel I, Basel II, and Basel III, set up by the Basel Committee on Bank Supervision (BCBS). They function as a glob...
As part of the government’s strategy to salvage the US economy during the coronavirus pandemic, the Federal Reserve has introduced a bond ETFs program. The program is aimed at supporting credit flow...
When it comes to the finance industry, there are a plethora of companies to choose from. From large multinational corporations to small, specialized firms, the finance field is home to a diverse range...
First Republic Bank has been making headlines recently for all the wrong reasons. The bank, which is known for its high-end clientele and exclusive services, has been accused of engaging in discrimina...
The court’s proceeding was in favor of Hertz Global Holdings Inc. to carry on with its plan to raise cash by selling shares that are potentially worthless. The Friday court bankruptcy hearing was ru...
MasterCard will provide $ 500 million to a group of initiatives aimed at increasing the financial inclusion of black communities in the United States in other to focus on bridging the racial...
After years of creating millions of fake accounts for profit, Wells Fargo agreed to settle claims in February 2020. The bank will pay $3 billion to settle claims linked to its years of fraud, with an ...
Financial startup co-founded by notable political activist, Stacey Abrams, and Lara O'Connor Hodgson, has just received $9.5 million in Series A funding.The funding which was announced last week, was ...
Entertainment legends Jay-Z and Will Smith are investing in a credit building startup to help renters become homeowners in a matter of time. The two business moguls through Roc Nation and Will ...