Mexican immigrants working in the U.S. have grown accustomed to surrendering large percentages of
their paychecks to send money back home to their families.
Annually, Mexicans working here send more than $9 billion home to support their loved ones. But
traditionally, too much of their total wages has gone to third-party check cashing outlets that got
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Victor Hernandez waits with his mother to exchange dollars to pesos from his father, who is working in the United
States, at a
currency exchange store in Actopan, Mexico, a town of 40,000 whose residents rely heavily on money earned stateside and wired
to them. Families like Victor's can now benefit from money-wiring programs like IRnet, which costs considerably less than what
migrant workers are used to spending to provide for their families abroad. |
Stability boils down to cash, not reported earnings
By KERRY L. SMITH
With all of the corporate bookkeeping scandals in the air, the professionals who rely upon
accurate numbers could be getting the jitters about what they see. But that's not the case.
Bankers and investment advisors are quick to point out that no matter how inaccurately a company's earnings
are reported, it doesn't really matter to them because those [continue]
A twisted American flag hangs from the main entrance of the WorldCom Inc. corporate
headquarters in Clinton, Miss. WorldCom Inc. uncovered another $3.3 billion in bogus accounting, bringing the total to some
$7.1 billion.
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U.S. Patriot Act designed to prevent terrorism by 'nipping it in the bud'
By VICKI BENNINGTON
In an effort to combat terrorism, the government and other entities, including banks, have taken
many steps.
The United and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism, known as the USA Patriot Act, was passed by Congress and signed into law by President Bush on Oct. 26, 2001, in
direct response to the terrorism of Sept. 11.
Debbie Carbonell, internal auditor, compliance and security officer for Security Bank in Springfield, said
that some sections [continue]
Community banker banks on what counts
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By KURT PRENZLER
ALTON -- In 1991, Mark Repking achieved the "corner office," becoming president and CEO of the
Bank of Alton. But the
detail-oriented accountant didn't lose sight of the forest for the trees. As he looked out his window at the world of
banking, he noticed a trend.
That trend was that giant-fish banks were eating big-fish banks, who were eating small-fish banks, who were
eating [continue]
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