Banking Articles

These Banking articles will give you the news and information you need to stay up to date in the ever changing Banking industry.

February 24, 2014 – 1,387 views
Banker Resource
The US government has issued rules permitting banks to legally offer financial services to marijuana businesses licensed by the state. This first-time ruling released on Friday includes the guidance to limit the priorities of federal enforcement to eight categories of crimes. This guidance was issued last August by the Justice Department. Full Story 
February 18, 2014 – 1,583 views
Michael R. King - Gammage & Burnham, P.L.C.
The Affordable Care Act "will raise effective tax rates on earnings from labor and thus will reduce the amount of labor that some workers choose to supply," according to the Congressional Budget Office. (The Budget and Economic Outlook: 2014 – 2024, February 2014.) ("CBO 2014 Outlook".) Full Story 
February 17, 2014 – 1,596 views
Banker Resource
The Doctrine of Deepening Insolvency is a theory within the law that prolongs a corporation or company's life beyond the scope of insolvency. This prolongation results in increased debt, decreased reputation and dissipation of current and fixed assets. As of now, these damages are seen by the judicial authorities as a cause of action against the people who made it happen, which in most cases is the management and professional advisers. The company can recover damages with the help of its... Full Story 
February 14, 2014 – 1,418 views
Banker Resource
The Justice Department was recently sued by a public interest group for its settlement of a record $13 billion with JPMorgan Chase & Co. The group has argued that the deal signed for resolving investigations related to faulty mortgage investment between the two was unconstitutional as none of the courts reviewed it. Full Story 
February 14, 2014 – 1,382 views
Banker Resource
Hacking websites is the thing of the past because these hackers have taken fancy to Bitcoins now. According to the spokesperson of one of the main trade organizations of Bitcoins, unknown computer hackers have been sending 'mutated' code lines in the Bitcoin programs that are responsible for running this virtual currency. Full Story 
February 6, 2014 – 1,301 views
Banker Resource
Major retailer, Target, had their data breach become a huge problem for themselves along with their customers, with personal information of a whopping 70 million people compromised between November 27 and December 15. An earlier estimate had put that number at 40 million, but that seems to have shot up now... Full Story 
February 3, 2014 – 1,580 views
Banker Resource
As Marijuana has been legalized in almost twenty states in the US, there is a lot of dependence on banks to help lawful businesses maintain their money. In the current scenario, these businesses keep their money in cash and store it away in rooms and safety vaults. The main problem the US government has with regard to this practice is that the money accrued is prone to security threats such as... Full Story 
January 29, 2014 – 1,420 views
Banker Resource
The arrest of CEO of BitInstant, Charlie Shrem, left everyone in the industry shocked. US government agents arrested Shrem under the charges of money laundering for customers of Silk Road which is an online drug bazaar. BitInstant is a Bitcoin exchange company... Full Story