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Ms. King's responsibilities included collecting contributions from employers, paying claims to beneficiaries and maintaining bank accounts.
The Guardian story, by highlighting the fact that some of the Clinton Foundation's donors have been maintaining bank accounts in Switzerland, has focussed attention on its sources of financing rather than its makeover or its philanthropic activities.
Inflation is low – just 1.8% on the latest reading – but there are obvious dangers in maintaining Bank rate at emergency levels when the economy is expanding at 4% or so and the housing market has taken off, thereby creating risks to stability if borrowers over-extend themselves.
trade association representing licensed money-service businesses (MSBs), says his 40 members–responsible for $14 billion in remittances last year have trouble maintaining bank accounts.
"Currently, under federal banking laws, many legal, regulated legitimate marijuana businesses operating legally according to state law are prevented from maintaining bank accounts and accessing financial products like any other business such as accepting credit cards, depositing revenues, or writing checks to meet payroll or pay taxes.
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They were tasked both with maintaining banks "safety and soundness" and with protecting consumers from fraud and deception.
In order to maintain bank profits, the systemic risk to the global economy remains.
Nor did they maintain bank accounts, a hurdle to payment by wire transfer.
The other group is people who moved to the United States and maintained bank accounts in their home countries.
As consumers do more banking online and on their mobile phones, it is becoming less important to maintain bank branches on every street corner.
The prosecutor's office maintains bank accounts that hold fines and forfeiture money, which are then turned over to the city or state as required by the law.
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