Tag: bank

March 20, 2018 admin123@ No comments exist

Blockchain Algorithms that allow cryptocurrencies to be traded & verified over a computer network without a central ledger.  Initially sceptical, banks now exploring the tech to speed up back-office settlement systems Guessed the Word?      Series 21 (4/7)         [pic: kindfolk]

February 14, 2018 admin123@ No comments exist

Safe deposit box Film characters store what they like.  But banks’ prohibited items can include cash.  And drugs, chemicals, guns, knives, ammunition, banned items, anything offensive, immoral, obscene, indecent, defamatory, slanderous or used in terrorism Guessed the Word?       Series 19 (6/7)         [pic: Igor Shubin]

April 28, 2017 admin123@ No comments exist

  LIBOR  London Interbank Offered Rate The world’s most important no.  Sets interest rates globally.  Changes daily. Based on estimates from a group of banks worldwide, of the lowest rate at which they can borrow. Started 1969 – for the 1st time, London banker, Minos Zombanakis, got a GROUP of banks to lend $80m at a…

March 12, 2017 admin123@ No comments exist

Neo-banks New digital-only branch-less ‘banks’ (eg. Atom, Monzo, Starling, Tandem) are not actually banks in the traditional sense – beware! They use apps to provide low-cost money management (lending, investing, shopping) from other providers, including traditional banks    What’s the Word?   Series 2 (10/10)  [photo: JordanHoliday]