Category Archives: Banking

Banking

Why Banking In Panama Makes Sense

Banking demands lots of trust between the bankers and the depositors. The most popular view about trust though is that this is built only when there aren’t any obstacles that would cause it to be impossible for constant and immediate communication. For this reason, long distances involving the banker and the depositor are probably not very favorable to build such shared trust.

With the internet, anyone is able to connect, exchange paperwork, and even accomplish financial transactions in real time. For this reason, it has become possible for individuals and banks to establish working relationships even when they’re separated by thousands of miles. Individuals and firms coming from any part of the globe are now able to link up with the Panama banking sector.

Panama is among the handful of countries in Central America that has a stable peace and order situation. It possesses an attractive economy and its financial industry is considered as among the best in the area. The Panamanian federal government is extremely supportive of the banks. The laws and regulations which cover the banks and their procedures clearly safeguard the interest of the depositors and of the bankers as well.

Panama banking secrecy laws are exceptional and are also thought to be probably the most extensive and most trusted in all of Latin America. Depositors are, therefore, guaranteed protection from unscrupulous individuals and groups who wish to obtain information about their accounts. The country’s attorneys are generally experts in these laws and therefore are highly capable of protecting the interests of depositors and banks.

To open an account in any reputable bank in Panama, a depositor from abroad might need to go to the nation one time and for a rather short period. The reason for this is that both the bank and the depositor may instantly start building trust for each other by essentially meeting in person. A meeting will happen and forms will be filled out.

During the entire process, a foreign depositor, whether individual or corporate, will not need to bother about the details. A Panama banking attorney will be there to aid the individual or the corporation’s representative. The lawyer, however, has to be employed first from among the country’s top rated law firms that concentrate on the banking sector. The law firm may be contacted online.

As soon as an account has been opened, the depositor can instantly reap the benefits of quite a few services supplied by the bank. The attorney that assists the depositor just might provide legal and corporate services also that will establish the relationship with the bank on a sturdy and legal ground. Besides bank introduction services, this will also ensure directors and nominees services, asset protection and privacy among others.

For corporations, starting an account in Panama banking firms could take about two weeks. However, even while this process is still undergoing, the corporate account holder can be assured of its protection already. Though this is needed to present all the right information, confidentiality is constantly upheld.

Panama is now being considered the stablest company in South America and is quickly emerging as a financial powerhouse. However, getting into this economy requires having someone with the know how and authority to operate within. Without Panama lawyers or a maritime law firm on you side you will either miss the opportunity to invest in this growing economy or worse yet loose money from not knowing the system.

Banking

Personal Banking In Florida Made Simpler & Quicker

Personal banking, Personal touch banking Florida, Personal touch banking Jacksonville

In an ever demanding world, only those banks can survive that deliver instant service to their customers across a multitude of platforms. By making personal banking quicker and simpler, banks can make any banking process better for their customers, as well as for themselves.

This perhaps is the reason why most banks in Florida offer a wide variety of ways for their customers to do their day-to-day banking with them. Also called multi-channel approach, it allows the customers to do their banking in person at the local branch, or over the telephone, or by using an ATM, or even through the Internet. Renowned banks in North Florida have successfully integrated all their systems to make personal banking as convenient as possible for their customers.

Personal touch banking Jacksonville ensures that one is able to do his personal banking according to his own individual preference and of course convenience. One can open bank accounts, make deposits, transfer funds to other accounts, or make payments for ones business purchases, and carry most financial transactions either by visiting a nearby branch or by logging to the Internet from the comfort and convenience of ones own home or office. Absolute flexibility is the key to personal banking.

There are a number of banks in Florida that offer free personal financial reviews of their customers dealings along with personal touch banking Florida. During this, the banks look at all the financial dealings to make sure that their customers are getting the best deals in the market.
Indeed, some personal banking providers in Jacksonville, North Florida offer unlimited check writing, Free Online Banking and Bill Pay, Free VISA CheckCard/ATM Card, Free imaged monthly bank statements and checks, Free notary service, Free Travelers Checks, Free money orders, Free official checks, and Tiered interest rates to their customers to let them get the most out of their banking experience.
If you wish to enjoy personal touch banking North Florida and are wondering which bank would be the best for you and your business, you may consider the Jacksonville bank. It is a local, small business and community bank in Jacksonville, North Florida that offers the best personal touch banking services to make banking smooth, quick, and enjoyable for its customers. To know in detail about its personal banking systems, schemes, and offers, you may visit jaxbank.com

Richard Anderson is a famous author who writes on the topics like Personal banking, Jacksonville first mortgages and Small Business banks etc.

Banking

The Best Way to Chase The Best Internet Banking

Whilst it may not be popular to believe in banks at present, the truth of the matter is that often we must make use of them – without having a lender account you can not grab a home loan, it is really difficult to obtain compensated in most job opportunities, and there can be a number of other reasons to get a single one.

That doesn’t mean, needless to say, that you must simply be happy with virtually any program from virtually any lender on the knowledge that you can’t keep from using an account. At all cost you may very well grumble about inadequate service, and discuss with banks to think about details again.

One of the biggest banks in the us at present is Chase. It has a extended heritage of looking after customers’ accounts and making certain that it gives many of the most competitive offers around. Even though no lender is perfect, Chase is valued by a number of men and women.

Chase online banking enables you to monitor your account in real-time and carry out distinctive kinds of purchases without having lag time – conserving you the requirement to contact and also wait around on hold prior to talking to an individual who will certainly do anything you planned to do.

It can be crucial for a lender to be properly up to speed in what it gives with regard to online banking, as this is one way virtually all accounts will certainly be managed moving forward from here. That is why, you must make certain that you recognize the way to look after an account online.

It’s very important today than ever to take a strong hand together with your banking affairs – we are not long out of a global financial mess and a number of gurus fear an additional one could perhaps not be far away.

If you are thinking to take out virtually any new accounts in the months into the future, then it would be a sound thought to look at a Chase banking account or credit card, because they have an impetus to get things correctly.

Looking after your finances is necessary, and except if you have endless time and encyclopedic banking wisdom, you may do much worse as opposed to Chase.

If you have not tasted chase online banking still, you must try it at this point and discover the several features it grants to its clients.

Banking

Things To Avoid About Foreign Banking

The major players in the Indian Banking scenario are SBI, Bank of India, Pubjab National Bank, Bank of Baroda, United Commercial Bank etc. However, there are limited scope for the international banks in the country but this limited scope has turned out to be unimaginably heavier in terms of profits so earned.

The Public sector banks are more popular among masses or in other words we can say that the Foreign Banks are not so much popular here in India due to the fact that there have been so many scams where the hard earnings of the people were lost in, and which were mainly caused by the private or the foreign bank in India.Other factor affecting these banks is the amount of interest offered by these banks are not in level with the public sector banks. The interests are either very low or generally a person is charged too much for ordinary services such as withdrawing funds from the account in cheque or from credit card.

If someone happens to have an account in the banks such as the Citi Bank, ABN-Amro Bank, Taib Bank, Standard Chartered Bank, BNP Paribas Bank etc. you must be well versed with their rules and regulations, as they are governed by the Foreign standards maintained by their own country.

The major factor to be reviewed is the Rules by which the bank is governed, are these rules customer oriented or simply bank oriented. However, the famous banks such as Standard Chartered Banks maintain high level of customer satisfaction and therefore, choosing such banks among others will be a good choice.

The other thing to note here is the factor of interest. However, the interests are governed by the Government of India and Reserve Bank of India but it is an intelligent banking. The one who is going to be the customer of such banks should also enquire about the fees and other expenses involved in the banking operations.

Author of this article is a financial consultant and adviser. He provide solution and information based on finance companies in india, bank in India, foreign bank in India.

Banking

Skills Needed For Banking Jobs

If you are thinking of getting one of those banking jobs, particularly as a bank teller, then you need to know some of the basic skills to possess in order to succeed on that job. Once you know what traits that the management people are looking in you, searching for your preferred bank can now start. Needless to say, but being a bank teller is one of the most secure jobs among the many banking jobs because banks will be around for a long time.

Identifying the traits and skills needed to land a job as a bank teller. Obviously, you need to know how to count money to become a teller. You need this skill because you will be counting money all day. If you can’t count money or at the very least do it accurately all the time, you will lose that job the next day. You see bank tellers count money very quickly, and you think it’s an easy job. But, in reality, it isn’t easy the way you think it is. Ask a few tellers to share with you their techniques in counting money.

Customer Service. Apart from counting money all day, tellers talk to their customers all day. Customer service skills are necessary for a bank teller. Review and polish your skills in customer service because nearly all banking jobs would need it, so to speak. Even if you are not applying as a bank teller, effective communication to customers can make or break a business as far as your company is concerned.

Reconciliation. You need to balance your drawer at the end of the day that means all must count even. And if you don’t, then you’ll be facing serious trouble and face the risk of losing your job. That is why apart from couning the customer’s money very quickly, bank tellers will have to do it with extreme caution.

Fake Bills. Failure to identify fake money can put serious risk to your job as a bank teller. Try to be very careful every time you accept money and checks. There are ways to detect forged checks and fake bills, so you have to study those.

Working as bank teller is a prestigious and rewarding job. You will have the chance to deal with all sorts of people, work on normal hours and definitely a good source of income. Those skills described above are the most common ones, but it does not end there, as most banks will enlist you to a training program to broaden your knowledge. Once you have the right skills, you are now ready to send your application to the banking jobs that you are most interested in.

The author is an expert in the field of banking and extensive knowledge to help those seeking careers in banking. Areas of expertise in fact include any qualified route to finding banking jobs. To search and apply for thousands of banking jobs go to http://bankingjobs1.co.uk

Banking

Fast Track Business Banking Online-

The online incorporation of companies has become intrinsically linked to fast track business banking for clients who are starting or running their own new small business. The Barclays Business Bank Account has become a renowned leader in this area.

Barclays offer everything that a customer would expect from a leading high street bank a business debit car, cheque book, online and telephone banking and even free banking for at least a year.

Your Limited Company, a leading UK company formation agent, has been appointed as a Barclays Approved new business partner. Through this unique agreement with Barclays Bank PLC, Your Limited Company offers a fast track account opening process.

Features –

Your application will be channelled through the Barclays automated fast track process
Up to 2 years free banking for Start-up businesses (minimum of 12 months)
Dedicated Local Business Manager
24/7 award winning banking support
Online, Telephone & branch based banking
Access to a network of local experts & specialists
Free seminars, workshops and business skills training
A unique award winning credit management service to help prevent and reduce the risk of late payment and bad debt
2GB free of data backup storage to protect business critical data
Subsidised Payroll services
Savings of up to 2,000 on the market leading essential business software applications and services including Sage & QuickBooks and business compliance services.

The way it works-

After your company has successfully been accepted and registered by Companies House, your contact details will be referred to a Barclays Local Business Manager at a branch close to your business premises in less than 24 hours.

The Local Business Manager will then contact you no later than 48 hours after receiving your details to welcome you to Barclays, discuss your needs and arrange a suitable time to meet up and open your new business account.

This process has been designed to ensure that the customers receive a first class priority service.

http://yourlimitedcompany.co.uk/

Banking

Banking And International Operations Explained

Banking and international operations is governed by Regulation K which was set out by the Federal Reserve Bank. Regulation K is the governing ‘say’ over all international banking done in the United States. It offers a wide range of information, guidance and support for bank holding companies which do business in the international trade or foreign banks that would be located in the US. This regulation also limits the amount of action a foreign bank located in the US can see. This would mean limiting the amount of foreign trade and financial transitions a foreign bank could participate in when they are located within the US boarders.

There are opportunities for corporations, under Regulation K and that qualify under the Edge Act, to participate in many different practices of global banking. This also allows a domestic bank to own the entirety of a nonfinancial foreign company or business. A banking Edge firm will purchase and sell notes, bills of exchanges and drafts in addition to anything that complements the international banking activities parent company bank.

Many changes have been applied to the Edge Act since its inception back in late 1919. Several banking institutions will receive special charters from the US government in order for them to be able to do business without complying various state-to-state banking laws. These banks could set up an Edge Act corporation, then the United States banks are able to gain more exposure to financial investing operations not available to them under the many standard banking laws.

International airlines, trade and shipping firms were allowed to provide various banking services through the Edge Act revisions of 1984, the first such revisions since 1919. These changes came about because of the economical landscape that includes a more global presence. These full banking services also included granting loans and taking deposits.

As a precautionary measure, the Federal Reserve retains the right, through the Edge Act and the Regulation K plan, to monitor the ownership of the corporations, all future investments and their business activities. In order to maintain their status as an international banking member, these companies will have to make sure all their dealings are related to international transactions. This is true of the international trade, shipping and airline services that are doing business here in the US as well as outside the boarders.

In 2001, the Federal Reserve Board issued another change to the Regulation K, a comprehensive revision which allows permissible activities to expand abroad for the US banking organizations and dropping associated regulatory burdens. This ruling also affects the same burden of regulatory issues on operating foreign banks in the US. This is done by reorganization of the notice and application processes.

Some of these changes include allowing the banks to invest up to 20 percent of their surplus and capital in Edge corporations. Under the general consent procedures, permissible foreign activities of banking organizations in the US, including investments and securities activities, are to be expanded. These latest revisions were the latest since the 1997 sweeping changes.

The banking and international operations are an important part of the overall financial wellbeing of the US and all foreign countries that do business within the US. There are certain guidelines that must be followed in order to meet the standards put forth by the Federal Reserve. When these guidelines are met, then all the banking needs of the companies within the US that do business outside the states and all the foreign companies that do business within the states will know what is acceptable.

Global Financial institution offering commercial and personal banking services including online banking, Trinidad and Tobago finance, credit card, money Bahamas, loans, finance Barbados and more.

Banking

Shriram Group eager to come in banking space

The Chennai-based Shriram Group, which is keen to enter the banking space once the RBI issues the final guidelines on the entry of new players, believes it can leverage its 50-lakh customer base across companies for a successful business.

“Many of our chit fund customers do not have access to banking facilities and we feel they would require banking services like small cash transaction services or remittances. Hence, we are keen to get into the banking space though we’re awaiting the final guidelines,” said Arun Duggal, chairman, Shriram Capital Trust.

India Infoline in its report on SCUF sources over 90% of its business through the group’s large chit fund infrastructure. SCUF benefits from low competitive intensity in its core geographic areas (Tamil Nadu and Andhra Pradesh) and product niches (two wheelers, used auto/CV, gold, small business and personal loans).

According to sources, “Shriram Group is considered to be a strong contender for the banking licence. There are over half a dozen corporate houses keen to enter the banking space but the RBI is expected to cap number of new bank licences at four.” At present, Shriram Group is present in the financial services space through its various subsidiaries that offer commercial vehicle financing, life insurance, consumer and small businesses financing, retail broking and chit fund business. Shriram Capital Trust is the holding company of Shriram Group. The beneficiaries of the Trust are the employees of Shriram Group. “It is a unique ownership structure with an employee stock option and partnership,” said Duggal.

Shriram Chits has a turn over Rs 2,500 crore, 465 branches and 5,000 employees. Shriram Chits operates in four states Tamil Nadu, Andhra Pradesh, Karnataka and Maharashtra.

The Group is also looking to grow its consumer and small businesses financing subsidiary, Shriram City Union Finance (SCUF), to enter the home loan business. “We will roll out the Shriram City Union branches in other states like Maharashtra and Gujarat. We will be entering the housing finance business once we receive the National Housing Bank approval,” added Duggal.

Gippy Grewal Desi Rockstar

Working with a WRS Info India Pvt Ltd.

Banking

Investment Banking Basics For New Investors

Investment banking is a process whereby investments bankers act as investors on the behalf of their clients, and also work as intermediaries for them and perform functions such as underwriting of shares, helping their clients with mergers and acquisitions, and so on.

Arrangement of corporate finance

In corporate sector, investment banking helps companies to raise extra money for their business. For instance, a company may require more money in order to finance any of its new projects or for geographical diversification of its business, and various other reasons to sustain their business. In this case, investment bankers can be of great help to these companies. They can help the company to raise money by getting their shares sold in the market. It can also help the companies in maximizing their wealth by trading in stock market on their behalf.

Investment in securities

Reputed investment bankers are the right people to help those who have money to invest. Mutual funds, securities, or bonds; they are experts in investing your money exactly where it will fetch you maximum returns. They do everything ranging from counseling to financial engineering to merchant banking. Investment bankers help you to maximize your return and their business thrives on the basis of commissions, fee, and gain margins collected from their clients.

Mergers and acquisitions

Apart from investing in securities, mergers and acquisitions are other ways of investing. A company can take over another company to expand its business or two companies can decide to merge and pool their resources n order to expound their collective growth. Investment bankers are experts in helping companies to invest in new businesses. They provide advices such as when to merge, with which company to merge, and also help you with the legal and financial procedures related to mergers and acquisitions.

Are you a corporate who requires extra money or do you need advise as to where to invest? Mutual funds, equity, bonds, acquisitions, or mergers- do all these investment ideas confuse you. Investment bankers are sure to lead you to the right path of investment.

SMC Global is Indias leading share and stock broker, that has published many informative articles on Investment Banking, Invest Mutual Funds. To know more about Invest Mutual Funds, kindly visit: http://www.smcindiaonline.com/investment-banking.aspx

Banking

Here’s The Most Difficult Interview Question For Banking

Banking is a very challenging industry in which to work. People who are successful in banking have a combination of outstanding research and analytical skills, people skills and the desire to work some of the longest hours every week. In return for the long hours and the job demands, bankers can expect to receive an income well above market average. It is not unusual to have people at senior levels in banking earn over a million pounds per year in pay and bonus.

Getting a job in banking is very challenging. It is not uncommon for a company to have 100 or more resumes for every opening. The banking industry has a term for the day they interview all the candidates and it is called “super day.” On that day you can be subjected to over a dozen interviews with people at all different levels within the company. The process starts at 8 in the morning and can easily extend to 8 or 9 at night. The purpose of these multiple interviews is to select the one or two candidates from the 100 applicants that will be hired by the company.

The interview process is the make or break point for all of the applicants. Almost every bank firm will ask you a series of technical question to ascertain that you are familiar with the formulas that are used daily in banking. The company may give you a case study and ask you to evaluate the case. The last series of question that you will be asked are fit questions to determine whether or not you will fit into the company’s corporate culture.

There will be one question that will be the hardest one that you will be asked during this marathon interview process. This one question will quickly separate the potential hires from the rejects. That one simple question is:

“Why do you want to work in banking?”

This one simple question sounds very innocuous when you first hear it. Yet the point of the question is to determine whether or not you have what it takes to be successful in the highly demanding field of banking. It also highlights whether or not you have the dedication and drive to make it in the banking industry.

How you answer this one question will usually determine whether you are invited back for a second round of interviews or you are rejected on the spot. Successful candidates spend a lot of time on preparing their answer to this question. You want to emphasize your interest in the industry, how well you understand the market, what skills you bring to the position and what you are willing to do to be successful in the job.

Before your interviews make sure you prepare you answer for this one question. It may be the difference between being hired and being rejected.

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