🎂 NGI TALER's amazing partner, @glsbank is turning 50 and they celebrate half a century of socio-ecological #banking on the 1st and 2nd of June at #Bohum!
💡On Sunday at 12:00 CEST, don't miss the workshop organised by @leoo under the title "Wer weiß, was du kaufst? Datenflut beim Bezahlen" presenting the unique benefits of @Taler for #privacy preserving digital payments based on #libresoftware !
'The Diverse Investing Collective has launched a data dashboard that measures how much money is in the hands of gender-diverse and racially diverse portfolio management teams.... The initial version of the dashboard focuses on gender and a second version that will provide data on race and ethnicity in addition to gender will be released later in 2024.'
#FDIC Chair #MartinGruenberg will resign after an outside report found #evidence of a “misogynistic” & “patriarchal” culture at the #banking regulator. #Gruenberg… announced Mon he would resign once President #Biden appoints & the Senate confirms a successor….
An independent investigation led by an outside law firm found rampant instances of #abusive workplace conduct…, incl’g #SexualHarassment, #stalking & inappropriate supervisor-subordinate relationships….
Lawmakers last week grilled #Gruenberg over the allegations. Back-to-back hearings in both the #House & #Senate, initially intended to address #oversight of #financial regulators, last week instead focused heavily on the culture at the #FDIC & Gruenberg’s behavior. Multiple members of #Congress…called for his resignation.
“Marty, you’ve heard me say this to you directly: You should resign,” Sen #TimScott (R-SC), the top #Republican on the #Senate#Banking Cmte, said. “Your employees do not have confidence in you. And this is not a single incident. This spans over a decade+ of your leadership at the #FDIC.”
Sen #SherrodBrown (D-OH), chair of the Banking Cmte, called on Mon for “new leadership” at the FDIC to “fix the agency’s toxic culture & put the women & men who work there —& their mission— first.”
Daten mit "Partnern" Teilen heißt natürlich: Daten verkaufen. Mit Benutzerdaten wird schwunghafter Handel betrieben. Die "Partner" der ersten Stufe verkaufen die Daten weiter, und zwar in beträchtlichem Umfang. So partizipieren plötzlich hunderte andere Firme
@PC_Fluesterer tja #HowPayPalSharesYourData ... 😒 die offizielle Liste von #PayPal selbst, auf der die Darstellung ja basiert, ist mE nicht weniger eindrucksvoll, weil man da auch wirklich im Detail nachlesen kann, an wen und für welche "Zwecke" Daten wie Geburtsdatum, Passport-Number, Wohnadresse, Telefonnummer etc. oder auch einfach "All Account Information." fließen https://www.paypal.com/ie/legalhub/third-parties-list
...querlesen reicht zum Gruseln aus... 👻
I just got emails that sure looked like official messages from my bank saying I'd added a Zelle recipient and sent him a bunch of money.
Of course I didn't click on any of the links; I just went to my bank's website and checked my accounts, and everything is fine. Also: The Zelle messages referenced an account ending in four digits which match none of my bank accounts.
So a warning that fake messages like this are circulating.
Some (qualified) better news on the forced cashless society:
Cash Access UK (set up by the major banks) has committed to have opened 100 community banking hubs by the end of the year. This hubs offer joint services across the constituent banks.
It remains to be seen whether this deal with some of the companies about lack of banking services (including access to cash)... and from a local point of view, when one turns up in the Lune Valley's banking desert.
Well, whether they did or did not, theirs is the first bank to take advantage of the UK's move away from EU regulations (and the scrapping of the cap on bonuses) to reveal that they have now removed their cap on the bonuses Goldman Sachs traders & bankers can earn.
I for one am relieved that untrammelled greed can return to this august institution - after all as Gordon Gecko (albeit a fictional banker) reminded us: greed is good!
Sehe ich das richtig? Bei einigen Sparkassen kostet die Push Nachricht bei Kontobewegung Geld?
Gefühlt sage ich es mir jeden Tag. Ich bin seit dem Knax Konto aus den 90zigern dabei, aber jetzt ist genug. #banking#sparkasse#deutschland
@obrhoff Den kleinen Banken muss es superschlecht gehen, oder alle IT'ler scammen die so richtig hart mit laufenden Kosten. :)
Ich verstehe z.B. auch nicht, wieso ich für mehr als 5 Transaktionen bei der Volksbank Kontoführungsgebühren zahlen soll. Die halten meine Kohle und machen Geld damit, und ich halte Geschäftsanteile, und trotzdem wollen die ~5 EUR/Monat für das Eintragen von Zeilen in eine Datenbank.
Moment. Oder die machen das händisch. Sparkasse mit Push notifications dann auch
Lloyds Bank have decided that to further their 'strategic transformation' they are going to cut staff in their risk management section, because executives at the bank believe they have been 'blocking' some actions towards transformation.
Its classic managerial messenger shooting... banks know that actually they can really take on dangerous risk (and executive earn big bonuses) as in the end the state will effectively bail them out!
@Ryanteck Maybe it's aimed at the older folk who fall for these kinds of scams and are likely to have a purse full of 10p pieces and get irrationally angry when a taxi won't take their Scottish tenner..
I’ve spent over an hour on the phone w/my credit union today for what shouldn’t have been a call in the first place: adding my card to my phone for tap-to-pay. Every other card I’ve added has been a quick, automated process.
Aaaaand by the end of the call, it still wasn’t working.
I really want to support my local credit union, but this is unacceptable. I’ve been trialing Monzo for my pocket money; this may push me over the edge to use it for our joint account as well.
@Mobile_dom yuuuup. I can see the allure of things like the Apple Card; heck, I would probably use it just to opt out of most of the day-to-day banking BS.
If you were a (UK) business with more than 85,000 GBP to stick into savings accounts, how would you handle it?
Related but separate: I vaguely recall a service which keeps an eye on different banks' accounts' rates, and does periodic sweeps to make sure that no single account is outside the #FSCS coverage limit (of 85k) ... but I can't remember its name 🙄 #UkBusiness#Banking#FinancialServicesCompensationScheme#Interest#BusinessBanking#UK#AskFedi#Business#Savings
@ai6yr@jsrailton In as much as banks will automatically set their overdraft fees at that cap...this probably isn't 'technically' incorrect, but even with a cap it is still one of the most expensive ways to borrow and yes, it is predatory and the article is completely tone-deaf.
When this happened in the UK, banks like HSBC doubled the interest rate on overdrafts, as they were around 15-20% but the cap was 40%.
Behind the scenes in #banking, it seems bankers (either ignoring or having forgotten the lessons of the global financial crisis of 2008) are looking for new 'more sophisticated' ways of getting #credit risk off their books, to further enhance their capacity to lend.
At the same time that Basel III (the international banking regulatory mechanism) is tightening up regulations on previous credit risk models, 'innovative' banks are looking for new routes to achieve the same.
