Advertisement feature for When it comes to finding the right bank to serve your business, it is easy to assume that the big names are your only options So-called “high street” banks are very visible in the business space. Many offer free periods of current account banking for new start-ups, or for companies transferring their banking from another provider. And most will also offer loans for businesses that are looking for financing. Hence, it can be tempting to use the bank that holds your current account when you need to borrow money. But according to some financial experts, there could be better deals available on loans and current accounts, so businesses may do better to look beyond traditional loan financing when trying to find the best ways to grow their businesses. Which business current account is best for you? In the same way as it pays to do a bit of homework before choosing an individual current account that suits your needs, it is worth making a list … [Read more...] about Could sticking with your bank be harming your business?
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Fifth Third Bank’s proposed acquisition of Chicago-based MB Financial could mean 20 percent of the combined company's local branches close by the end of next year.A cost-saving move aimed at eliminating “branch overlap” resulting from the $4.7 billion merger, the proposed closures would accelerate a broader trend: Banks nationwide are steadily closing branches as customers shift to online banking.The growth of digital banking and the widespread use of smartphone banking apps has led to an 8 percent decline in the number of U.S. branch banks since 2009, according to a report last year from commercial real estate firm JLL. The report projects a 20 percent reduction in branch locations over the next five years.“Increasingly, you can do just about everything you can do in a branch on your phone,” Bankrate.com senior analyst Robert Barba said Tuesday. “We’ll see fewer branches as a result of that.”The merger of Cincinnati-based Fifth … [Read more...] about Fifth Third-MB merger accelerates trend of bank branch closures
Paul Manafort. Thomson Reuters Jeffrey Yohai, the former son-in-law of Paul Manafort, has reportedly cut a plea deal with the Justice Department that requires him to cooperate with other criminal probes. The agreement could add to the legal pressure on Manafort, who is facing two indictments brought by Special Counsel Robert Mueller in his probe of alleged Russian meddling in the 2016 presidential election. Yohai has not been specifically told how he will be called on to cooperate as part of his plea agreement, but two people familiar with the matter say they consider it a possibility that he will be asked to assist with Mueller’s prosecution of Manafort. The guilty plea agreement, which is under seal and has not been previously reported, could add to the legal pressure on Manafort, who is facing two indictments brought by Special Counsel Robert Mueller in his probe of alleged Russian meddling in the 2016 presidential election. Manafort has been indicted in federal … [Read more...] about Paul Manafort’s former son-in-law cuts a plea deal and will cooperate with the government
NEW YORK (Reuters) - The former son-in-law of Paul Manafort, the one-time chairman of President Donald Trump’s campaign, has cut a plea deal with the Justice Department that requires him to cooperate with other criminal probes, two people with knowledge of the matter said. President Trump's former campaign manager Paul Manafort departs U.S. District Court after a motions hearing in Alexandria, Virginia, U.S., May 4, 2018. REUTERS/Jonathan Ernst The guilty plea agreement, which is under seal and has not been previously reported, could add to the legal pressure on Manafort, who is facing two indictments brought by Special Counsel Robert Mueller in his probe of alleged Russian meddling in the 2016 presidential election. Manafort has been indicted in federal courts in Washington and Virginia with charges ranging from tax evasion to bank fraud and has pleaded not guilty to the charges. Jeffrey Yohai, a former business partner of … [Read more...] about Exclusive: Manafort’s former son-in-law cuts plea deal, to…
Germany is a banking powerhouse, with established names like Deutsche Bank, Commerzbank, KfW and DZ Bank all calling Germany home. With these big names, though, come a lot of differences in the banking structure. So how do you know where to start? We walk you through the ins and outs of making your way through the German banking system. Know the lingo The first step to banking is knowing the lingo. Geldautomat, for example, is extremely important: ATM. Photo: DPA Before you embark on navigating the complicated waters of banking in Germany, it’s important to know the lingo. Here are some of the important German-specific words that you will need to know before you set foot inside a German bank. EC-Karte – This is an EC card, essentially the same as a debit card, that is the most accepted form of credit payment by most German retailers. IBAN and BIC- Much like in other places in Europe, your … [Read more...] about What to know about starting your personal banking in Germany