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Debanking
De-banking, more commonly spelled debanking, also known within the banking industry as de-risking, is the closure of people's or organizations' bank accounts by banks that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the bank. Examples of this include the enforcement of anti-corruption and anti-money laundering laws, the closing of bank accounts of sex workers, and people considered to be politically exposed persons. The closure of accounts is generally performed without giving a reason and without the prospect of appeal. De-banking can have severe consequences for individuals, as it cuts them off from many activities in society. By country United Kingdom Following the Nigel Farage Coutts bank scandal in 2023, in which Coutts & Co. removed politician and broadcaster Nigel Farage as a client, the UK Government launched an investigation of de-banking practices within the UK banking industry. The Financial Conduct Authority repo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marc Andreessen
Marc Lowell Andreessen ( ; born July 9, 1971) is an American businessman and former software engineer. He is the co-author of Mosaic, the first widely used web browser with a graphical user interface; co-founder of Netscape; and co-founder and general partner of Silicon Valley venture capital firm Andreessen Horowitz. He co-founded and later sold the software company Opsware to Hewlett-Packard; he also co-founded Ning, a company that provides a platform for social networking websites. He is an inductee in the World Wide Web Hall of Fame. Andreessen's net worth is estimated at $1.9 billion as of January 2025. Early life and education Andreessen was born in Cedar Falls, Iowa, and raised in New Lisbon, Wisconsin.Simone Payment, ''Marc Andreessen and Jim Clark: The Founders of Netscape'', The Rosen Publishing Group, 2006, p. 15. . He is the son of Patricia and Lowell Andreessen, who worked for a seed company. In December 1993, he received his bachelor's degree in computer sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Account
A bank account is a financial account maintained by a bank or other financial institution in which the financial transaction A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, Service (economics), services, or assets for payment. Any transaction involves a change in the status of the finances of two or mo ...s between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawn from the accounts in accordance with their terms and conditions. The financial transac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Joe Rogan Experience
''The Joe Rogan Experience'' is a podcast hosted by American comedian, presenter, and UFC color commentator Joe Rogan. It was initiated on December 24, 2009, on YouTube by Rogan and comedian Brian Redban, who was its sole co-host and producer until 2012 when Jamie Vernon, who would eventually take over production, was hired to co-produce. By 2015, it was one of the world's most popular podcasts, regularly receiving millions of views per episode, and including a wide array of guests, including business magnate Elon Musk, whistleblower Edward Snowden, Senator Bernie Sanders, astrophysicist Neil deGrasse Tyson and President Donald Trump. From December 2020 to February 2024, the podcast was exclusively available on Spotify, with highlights uploaded onto the main ''Joe Rogan Experience'' YouTube channel. The podcast was originally recorded at Rogan's home in California, before moving to a private studio in Woodland Hills, Los Angeles. Production was relocated to Austin, Texas afte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oxfam
Oxfam is a British-founded confederation of 21 independent non-governmental organizations (NGOs), focusing on the alleviation of global poverty, founded in 1942 and led by Oxfam International. It began as the Oxford Committee for Famine Relief in Oxford, UK, in 1942, to alleviate World War Two related hunger and continued in the aftermath of the war. Oxfam has an international presence with operations in 79 countries and 21 members in the Oxfam Confederation in Australia, Asia, Europe, the Middle East, North and Latin America and the Caribbean. Since 2005, Oxfam International has been involved in a series of controversies as it expanded, especially concerning its operations in Haiti and Chad. There have been criticisms of its management of operations in the UK as well. History Founded at 17 Broad Street, Oxford, as the Oxford Committee for Famine Relief by a group of Quakers, social activists, and Oxford academics in 1942 and registered in accordance with UK law in 1943 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Center On Cooperative Security
The Global Center on Cooperative Security is an independent, nonpartisan, not-for-profit research and policy institute based in New York, Washington D.C., London, Brussels, and Nairobi. The Global Center works to improve multilateral security cooperation through policy research and issue-area projects throughout the world. History The Global Center on Cooperative Security (Global Center) was born out of a recognition that addressing violent extremism requires innovative approaches that are equitable, non-violent, and shaped by those who are most affected by conflict and injustice. The Global Center was originally founded in 2004 by Alistair Millar as a project of the Fourth Freedom Forum, and has since established itself as a standalone organization. Staff Currently, Eelco Kessels serves as the Executive Director of the Global Center. The Global Center's staff include a number of scholars and practitioners with expertise in multilateral security policy. Richard Barrett (counter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Operation Choke Point
Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering. This operation, disclosed in an August 2013 ''Wall Street Journal'' story, was officially ended in August 2017, and the Federal Deposit Insurance Corporation (FDIC) settled multiple lawsuits by promising to Congress additional training for its examiners and to cease issuing "informal" and "unwritten suggestions" to banks. Details Some merchant categories the FDIC listed as being associated with high-risk activity include (until the FDIC revised the policy in July 2014): Results In April 2014, Four Oaks Bank settled with the Department of Justice for engaging in the types of activities that Operation Choke Point was intended to stop. According to the complai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Underbanked
The underbanked is a characteristic describing people or organizations who do not (or volunteer to not) have sufficient access to mainstream financial services and products typically offered by retail banks and thus often deprived of banking services such as credit cards or loans. The underbanked can be characterized by a strong reliance on non-traditional forms of finance and micro-finance often associated with disadvantaged and the poor, such as cheque cashers, loan sharks and pawnbrokers. Many people who are classified as underbanked may also have a language barrier, such as migrant workers, be unable to access banking facilities due to distance, such as the elderly, or simply feel uncomfortable using automated teller machines. The underbanked are a distinct group from the ''unbanked'', who are characterized by having no banking facilities at all. Distribution Small countries have fewer banking provisions than large countries, even allowing for the smaller size of their ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unbanked
The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available. Causes Some reasons a person might not have a bank account include: * Lack of access via a nearby bank branch or mobile phone * Minimum balance fees * Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timingThe Unbanking Of America - ''Think'' interview with economist Lisa Servon * No access to government-issued ID, which is required to open a bank account *To avoid delinquent debts, such as creditors seizing the account in judgements, or the government collecting back taxes or child support The unbanked in the United States The ''unbanked'' are descr ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Know Your Customer
Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations. KYC processes are also employed by companies of all sizes for the purpose of ensuring their proposed customers, agents, consultants, or distributors are anti-bribery compliant and are actually who they claim to be. Banks, insurers, export creditors, and other financial institutions are increasingly required to make sure that customers provide detailed due-diligence information. Initially, these regulations were imposed only on the financial institutions, but now the non-financial industry, fintech, virtual assets dealers, and even non-profit organizations are included in regulations in many countries. Requirements In the United States, the Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deplatforming
Deplatforming, also known as no-platforming, is a boycott on an individual or group by removing the platforms used to share their information or ideas. The term is commonly associated with social media. As early as 2015, platforms such as Reddit began to enforce selective bans based, for example, on terms of service that prohibit "hate speech". A famous example of deplatforming was Twitter's ban of then-US President Donald Trump shortly after the January 6 United States Capitol attack. History Deplatforming of invited speakers In the United States, the banning of speakers on university campuses dates back to the 1940s. This was carried out by the policies of the universities themselves. The University of California had a policy known as the Speaker Ban, codified in university regulations under President Robert Gordon Sproul, that mostly, but not exclusively, targeted communists. One rule stated that "the University assumed the right to prevent exploitation of its presti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service has over 5,500 journalists working across its output including in 50 foreign news bureaus where more than 250 foreign correspondents are stationed. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
