Review Mortgage Lenders

Bank One

Banking 1

Introduction to how banks make money and the value they (potentially) add to society.

One of Asia's largest banks says bitcoin is 'a ponzi scheme'

Instead, Gledhill said, it currently makes more sense for the bank to focus on its electronic transactions of government-backed currencies.

He is hardly the first to take a negative stance on the digital token.

Eventually, Gledhill predicted, bitcoin pricing will become "very cheap because that's how it will scale," adding that there's no current pricing advantage for DBS.

DBS is Southeast Asia's largest lender and a big believer in emerging technologies. Earlier this year, the bank said it launched a cloud-based e-learning management system powered on artificial intelligence for its employees.

Bitcoin isn't going to help DBS bring in customers, deposits or wealth management so "right now, it's watch and learn," Gledhill said.

The cryptocurrency has been volatile in recent weeks , slumping to $5,507 Sunday after hitting a record high of $7,879 last week.

In response to Gledhill's remarks, Matthew Roszak, co-founder and chairman of Bloq, a blockchain enterprise software company, came to bitcoin's defense.

New director for Channel One Regional Food Bank

Virginia Merritt, who has been the Executive Director of Legal Assistance of Olmsted County for five years, will take over the job in January 2018.

“We have selected an incredible individual who will confidently lead Channel One well into the future,” says Channel One board chairman Jim Bressi. “She is a strong advocate, dedicated, determined and a highly respected leader in many public service areas. She has a tremendous amount of enthusiasm, possesses effective team building skills and most significantly, she has the confidence to lead Channel One as we address the challenges that our clients face each and every day.”

Merritt joined the United Way of Olmsted County’s Board of Directors in 2015 and has been honored for her work helping battered women.

“I am excited to join the dedicated staff and volunteers at Channel One Regional Food Bank and look forward to working with Channels One's staff, board of directors, partners, volunteers, and the community to feed people and change lives,” says Merritt. “Channel One has a long history of serving those in need and has created innovative programs to deliver food and nutrition to low-income people in the community. I look forward to helping Channel One to continue to achieve its mission well into the future.”

What happens if one bank closes your account but you have 10 others?

Lets say one bank closes your account due to overdraft that hasn't been paid and they report you to the credit bureau that regulates banks which means you can't open another account.

You can be arrested for over drafting and leaving, a bank account.

Most banks don't mess around with this.

If arrested, they will get restitution and court costs, and so will the court.