The Farm Credit System in America, established by Congress in 1916, is a cornerstone of agricultural finance, providing a stable and reliable source of credit for the agricultural community. In recent years, the system has shown a strong commitment to young and beginning farmers, with 65,900 new
The Securities and Exchange Commission (SEC) recently imposed hefty fines on prominent financial institutions Wells Fargo, Merrill Lynch, and LPL Financial for a series of compliance failures. These penalties arose from inadequate implementation of written policies and anti-money laundering (AML)
Financial planning is essential for consumers across all income levels, particularly those in the traditionally underserved subprime segment. As technology continues to break down barriers, financial planners have new opportunities to overcome affordability and outreach challenges within the
Bench, the accounting startup founded in 2012, which had managed to secure a remarkable $113 million in investments from prominent backers such as Shopify and Bain Capital Ventures, surprisingly declared bankruptcy despite holding $2.8 million in cash. The apparent inability to manage their
A career in banking is multifaceted, offering lucrative, stable, and promising opportunities across different functions such as customer service, operations, investment banking, risk management, and financial analysis. The banking industry plays a pivotal role in the economy, ensuring the smooth
Open Banking, introduced in the UK in 2018 as part of the implementation of the Second Payment Services Directive (PSD2), has brought about a significant transformation in the financial landscape. This innovative approach addresses the longstanding inefficiencies in traditional payment systems,
