Gone are the days of the Clydesdale Bank when it had a reputation of being the businessman's bank, when it looked after its customers and sometimes staff too, when it could make profits without effort, when it could afford to innovate and to effectively become the first bank with an online counter system.
However, the new system will allow the bank that first receives the cheque to create an electronic image for transmission through the system.
For example, if a consumer goes into the Gap to make a purchase and the First National Bank of Omaha's computer system is down, the Gap will be unable to make the sale.
Chase did create a new federal bank regulatory system and printed federal money for the first time since the Revolutionary War.
WSJ: Checks & Balances | Museum of American Finance | Of Debt and Taxes | By Mark Yost
The first is financial: the euro zone needs a region-wide system of bank supervision, recapitalisation, deposit insurance and regulation.
It has an excellent central bank, run by the capable Tito Mboweni, decent transport and a first-world legal system.
The first senior position he took at the bank in 1990 was as a director in the financial and payment system department.
But the news, far from reassuring anyone, sparked a run on Northern Rock, Britain's first bank run since the 1860s, and caused all manner of wild worries about the whole British banking system.
The Bank of Japan is doing its best to fix the first part of this problem, flooding the banking system with reserves.
In France, for instance, Minitel, the telephone-based interactive system, allowed customers to bank online from the early 1980s, a decade before the first American pioneers.
A. before joining First Chicago (now part of JPMorgan Chase ), where he helped the bank move from an old mainframe computer system to modern servers.
应用推荐