Posted on March 2nd, 2010
With visions of an ATM in every neighborhood in China, foreign
banks and investment firms are queuing up to join the 'China
Club.'
Moneybags Communism
The initiation fee for the 'China Club' is straightforward and
pure moneybags communism: invest cold hard cash in its largely
insolvent state-owned banks, put your reputation on the line,
reassure nervous foreign investors about upcoming IPO's, and
share your risk management, corporate banking and other
expertise with eager Chinese executives. ...
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Finance
Posted on March 1st, 2010
Successful Forex traders and other professionals in the
industry who have accumulated a significant wealth, often wonder
how to establish secret foreign bank accounts with their choice
of currency. The best way to establsih and mainatin secrecy in
banking is to eliminate paper trail.
The only way to eliminate a paper trail is to go in to your new
bank personally or through a lawyer and open your account with
untraceable cash or a commodity like gold. As many banks around
the world are required ...
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Finance
Posted on February 28th, 2010
During the last twenty years, banks have offered a number of
improvements in the area of being customer-friendly. The old 9
AM ' 2 PM 'banker's hours' are gone, replaced by a schedule that
makes it easy for most people to visit when the bank is open.
Automatic teller machines are ubiquitous, making it easier to
obtain cash even when the banks are closed. And the debit card
has made it easier than ever to pay for an item ' you don't even
have to write a check anymore. Such conveniences come with ...
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Finance
Posted on February 27th, 2010
So you have a mortgage, and you need to refinance to get your
interest rates low. Most people simply walk into their bank, ask
to refinance, and then end up paying more money long term than
they would have otherwise. Some banks would like everyone who is
refinancing to remain ignorant, but I am here to tell you what
banks don't want you to know. Refinancing can be very
beneficial, but one has to understand the terms of the deal, and
be very careful when choosing a bank.
One mistake many people ...
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Finance
Posted on February 26th, 2010
Wholesale banking is often defined as banking services which are provided between merchant banks and other financial institutions. Although, wholesale banking is also a term referred to the wide range of financial services that are provided by financial institutions to various businesses and corporations as well as the government. Retail banking and wholesale banking are two different things. Wholesale banking focuses more on corporate style entities and high-value transactions, while retail ...
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Finance
Posted on February 25th, 2010
The process of Internet banking is much similar to conventional banking. The major difference is that online bank is more convenient and processes take place by means of your computer and an Internet connection. Account and details is accessed, payments are made, and statements are reconciled online. Internet banks have been competent in giving consumers more agreeable interest rates on savings accounts and credit cards, too
Internet Banking versus Conventional Banking
The many days of ...
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Finance
Posted on February 24th, 2010
<a href=http://www.zootweb.com/additional_information/automated_decisioning.html>Automated Decisioning</a> has transformed mortgage lending and small business lending forever. In the 90's the banking system did away with the paper trails and went digital. This created a competitive edge for all banks to keep up with the speed of automation. Banks were forced to re-think the way they did business, and how to embrace technology to their advantage. With automated decisioning, POS ...
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Finance
Posted on February 24th, 2010
Despite taking all the necessary steps to avoid database corruption, you may find yourself having to repair MDB files that contain all the Access data. If you suspect that the MDB file you are dealing with is corrupt, the first thing you should do is to make a copy of the corrupted MDB file ' make sure that you do so while Access is not running. You should also be careful that you do not overwrite any backups that you may have taken previously. This will allow you to recover some data from the ...
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Computers
Posted on February 23rd, 2010
Most of us need to transact with the banking institutions to handle our finances. While some of us have the expertise and time to stand physically at the bank and seek information, some of us do not want to waste time by ensuring our physical presence at the bank premises. This is where the online banking services come into the picture. Financial life is not as easy to run as one think from the far shores. Until you get wet and drowned in the deep waters, you do not have the real experience ...
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Finance
Posted on February 22nd, 2010
In a paperless world, you might think identity theft would run rampant. But it's really not that bad. With so many banks, credit card companies and stores going totally electronic, they've all taken steps to increase online security and help prevent identity theft.
At my bank - Bank of America - Online Banking security is taken very seriously. They've got tons of measures in place to help prevent identity theft and keep their customers' accounts protected and secure.
Online Banking Security: ...
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Finance