Microfinance is process through which small loans, savings and other necessary financial services are offered to the individuals who do not have access to other sources of capital. The major aim of microfinance is to assist people living under extreme poverty to be financial strong and autonomous. By being financial...
705 words | 3 page(s)
This video brings out what banking is all about. From it, one realizes that banking is a business operation that accepts and ensures that money from its clients is safe. Additionally, these institutions also offer loans at an interest so that they can earn some benefits as their profits. The...
1196 words | 4 page(s)
Bank reconciliations are those effective measures put in place to eliminate accounting fraud. They do ensure that financiers detect errors in banks and accounting by providing clear reports in cashbooks and bank balance strategic position in accordance with bank statement. Particularly, they ensure that bank transactions have been reviewed in...
536 words | 2 page(s)
The article Should Banks Disclose Information about Their Banks by Edward Simpson Prescott discusses on the effects of supervisors disclosing information about the bank to the market. The article disagrees with the argument that the supervisor should easily disclose information about their bank so that the investors can easily access...
900 words | 4 page(s)
The selection of a financial institution to bank with is determined by several variables that include the charges levied on customers. Towards this end, the California Bank and Trust offer the best facility regarding checking system with the account attracting a minimum balance of $50 and maintenance fee of $6....
594 words | 2 page(s)
The World Bank is one of the powerful and influential international financial institutions in the present world. The other institution is the International Monetary Fund (IMF). The World Bank is the world’s leading institution for public development programs in such countries. According to Stein (2008), the institutions lent more than...
939 words | 4 page(s)
OCBC Bank utilizes a proactive approach to talent management that has helped the company achieve a competitive advantage. The financial institution is considered one of the best banks of the world. Currently in Singapore one of every two businesses has a bank account with OCBC. The organization uses various development...
602 words | 3 page(s)
The black market peso trade is a tool used by those engaged in illegal profit making activities. It allows them to evade financial security systems intended to flag illegally obtained American funds. This underground currency exchange is the method of choice for drug cartels. It also provides secondary profits in...
989 words | 4 page(s)
Summary of the Issue The issue identified to be discussed in the article is mobile banking and its impact on the banking industry in different regions of the world. The article first identifies the conditions in the banking industry presently, and this outlines the position of mobile banking in the...
1177 words | 4 page(s)
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