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Connecticut banking officials issue alert regarding recent text scams
The state Department of Banking is warning people to be on the lookout for a text scam that urges you to call your bank’s fraud department, but really, it’s scammers. State banking officials say several customers have reported being the target of a text scam that leads you to believe your account is being hacked. But in reality, the...
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Yellen Says Bank Situation ‘Stabilizing,' System Is ‘Sound'
Treasury Secretary Janet Yellen is trying to project calm after recent regional bank failures in California and New York.
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Banking Giant UBS Is Buying Credit Suisse to Avoid More Global Banking Turmoil
Banking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday.
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Banking 101: What Happens to Your Money When You Put It in a Bank?
When you go to the bank and make a deposit, it seems like your money is simply getting stored– ready for you to use, but did you know that it doesn’t remain locked away in the bank? Here’s what happens to that money and how banks use it to make profit.