Tag: Banking Failure
Did your card get declined at the coffee shop? Surprise right? You contacted your bank and were surprised to learn that your bank account is currently being investigated. So, you might be wondering what triggered this investigation. Well, in this article, we’re going to share the specific factors that can lead to an investigation and […]
Frozen bank accounts can cause serious issues for account holders, delay important payments, and even cause credit issues for years to come. And, while most people have backup bank accounts to avoid these problems, a frozen bank account can still wreak havoc on personal and business banking. Fortunately, it’s possible to avoid having your accounts […]
Have you had an account closed recently? Or, are you concerned that an account is about to be closed? Well, regardless of your current account status, understanding the reasons for account closure can prevent it from happening again. And, by being prepared, you can even ensure you never lose access to your money… even if […]
Your bank’s financial health matters…a lot. And that’s why you need to know what to look out for before a bank fails. If you keep money at a troubled bank you should be worried. If that bank fails, you (and your deposit) are caught in a mess. And getting out of it is a nerve-racking […]
Last week, we asked GlobalBanks subscribers if they had any questions about banking during the COVID-19 outbreak. As it turns out, the current crisis and the resulting economic impact have people worried about banking. Very worried. As you’ll see below, COVID 19 banking concerns range from specific banks to financial systems, and currencies to bank […]
Lots of people are wondering how they can keep money safe during the COVID-19 crisis. And it makes sense. Governments and banks around the world are facing massive uncertainty right now. Fear and panic are everywhere thanks to COVID-19 and what this could mean for countries, economies, and people. Needless to say, these are unprecedented […]
Exactly 25 years ago today, on February 26th, the world watched as the Barings Bank failure took place in front of our eyes. Barings Bank was one of the most prominent and well-respected banks in the history of the world collapsed. At the time of the Barings Bank failure, Barings was Britain’s oldest merchant bank […]
There are a lot of people who are currently questioning whether their money is safe at a bank during a recession. It’s a very real concern and one that needs to be discussed. Whether your money is safe with a bank during a recession comes down to a few key factors. We’re going to share […]
I’m just as surprised as you are that I’m writing about Cuba’s banking sector. But here I am, writing from my balcony in Havana. While I’ve traveled to a lot of different countries over the years, Cuba never made the cut. So I decided to make a stopover while I was visiting banks in the […]