banks News

Pot Sellers, Shunned by Banks, Stash Cash; a ‘Recipe for Disaster’

The U.S. cannabis business has a very particular cashflow problem — too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia (D.C.) for medical use and in 15 of them and in …

Boom or Bust? Welcome to the Freewheeling World of Crypto Lending

LONDON, Aug 26 — It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong? …

Bank Crimes Fell in 2010

Banks had more than $43 million stolen from them in 2010, while about $8 million of the amount was recovered. Overall there was about a seven percent drop in crimes against banks in 2010, according to the FBI. Most violations …