Ice-Cream Bank’s Rocky Road Read the articles: 1) Ice-Cream Bank’s Rocky Road ht

Question

Ice-Cream Bank’s Rocky Road

Read the articles:

      1) Ice-Cream Bank’s Rocky Road

http://online.wsj.com/article/SB10000872396390444433504577649971326432962.html

2)      Pittsburgh ice cream bank owner says regulators are backing off

http://www.wtae.com/news/local/allegheny/Pittsburgh-ice-cream-bank-owner-says-regulators-are-backing-off/19522712

March 29, 2013

3) PayPal Isn’t a Bank, But It May Be the New Face of Banking

Telis Demos; 06/02/16; page C1

http://www.wsj.com/articles/as-banking-evolves-fintech-emerges-from-the-branch-1464806411

If this link does not work, your instructor can provide a pdf. file with this article.

In your initial response to the topic you have to answer all 3 questions.

You are expected to make your own contribution in a main topic as well as respond with value added comments to at least two of your classmates as well as to your instructor.

Share your ideas regarding this article.

1. Is the bank really a bank?

2. Should this bank follow banks’ regulations?

3. Discuss the risks associated with this bank.

Explanation / Answer

1. Is the bank really a bank?

Ans:- Yes , This is really a bank and he follows some banking concept in his ice creame parlour. According to the this articles " Ice-Cream Bank's Rocky Road" Ethan Clay 31 years old man opened Whalebone Cafe Bank . Actually This concept of the Clay banks also some how similiar to banking institution. Actually Bank is an institution where the customer or people deposite and borrow money . Thats the actually defination of bank , For saving deposite bank will give interest to the customer but Clays bank something different from bank but its bank. In his Whalebone Bank he gave the gift card interst which can only use for purchase of icecreame, waffels, coffee etc.

2. Should this bank follow banks’ regulations?

Ans:- If they are following the banking foot path obiviously they should follows some sort of rules & regulation because if the parlour shut down in near futures then some of legal part always protects the customers money what they have deposited and borrow some money from Whalebone Cafe Bank.

3. Discuss the risks associated with this bank.

Ans:- Actually the Whalebone Cafe Bank & Paypal fund may be small but if the institution failed then finally customer will loose the money which is a risk factors associated with customers.

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