Category Archives: Banking

Banking

CD Rates Trend with Online Banking

The Current Trend in CD Rates with Online Banking is on a downward slope. This has been the trend for the past couple of years that has no end in sight.

With the US Federal Reserve stating they intend to keep interest rates low and unchanged until 2013 when a new administration will be in the office of the presidency, those Americans looking for investing help with their money in this conservative style are basically out of luck.

On August 18, 2011 the national average for the 5 year CD was down to 1.92%. The 2 year was at 1.01% and the 1 year CD was at 0.87%. All of these CD rates have moved downward from a year ago where they were 2.44%, 1.45% and 1.14% respectively.

All of these national averages were as reposted by Bloomberg, a trusted and respected name in the financial world.

When looking at what the online banks have to offer, the best of the current bank rates on a 5 year CD is an APY of 2.42% that is being offered by Urban Partnership Bank based out of Chicago, IL. This is with a $ 1,000 deposit. With an increase to $ 100,000 on deposit the APY is increased to 2.52%.

For local credit unions are offering better CD rates, but their customer base is limited due to their charters. Even with the profits of these financial institution being placed back into the rates, the best 5 year CD rate is only 3.00% APY that is being offered by Connexus CU.

With a change in administration probably coming in 2013, the American investor should not really look for the long term investments with locked rates at this time. With Current Trend in CD Rates with Online Banking is going down with the best investment being the 18 month or 1 year CDs so you can take advantage of any changes that might occur in the early portion of 2013.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

For additional resources involving financial help, please view PNC Online Banking, best bank savings rates,Bank Rates,Westpac Online Banking and Online Banks at http://onlinebanksblog.weebly.com

Article Source : http://www.onlinebanksblog.com/current-trend-in-cd-rates-with-online-banking

Author publishes articles regularly concerning investment and finance matters. For you to learn a lot more regarding CD Rates Interest, Sovereign Bank Online, CD Rates, SunTrust CD Rates, Online Banks,Bank Rates, Westpac Online Banking, CD rates, PNC Online Banking, chase CD rates from Author pay a visit to – http://onlinebanksblog.weebly.co

Banking

Career Options: Civil Service and Banking Sector

Career Options: Civil Service and Banking Sector
Today, the private sector is growing tremendously. It has made various achievements and spread its network throughout the world. However, despite its popularity in today’s time, it could not shake the deep faith of people in the public sector jobs. Any individual would choose a government job over a private enterprise. The main reason behind this is the job security that the public sector has to offer. It not only gives you a handsome income but also provides you with exciting packages and a job security for the lifetime. You have ample amount of career options in public sector. The most coveted ones are the banking sector and the civil services. These career options are opted by maximum number of individuals today because of the respect and honour that the job attaches to it. Civil services are considered a top notch above than all the other career options. Being a part of this puts you far above others. Banking sector, because of its rising success graph has become the buzz word for the youth. Every year, thousands of students enrol themselves for various posts in public sector banks of India. The recent progress in the banking sector is the introduction of the CWE exams by IBPS in 2011.
Civil Services:
Civil service officers undertake the major responsibility of managing the bureaucracy.
There are various number of career options within this broad career field. IAS, IFS, IPS etc. all is highly coveted career choices of today.
Union Public Service Commission conducts the exams for recruitment in any job offered by civil services.
These exams thrive on current affairs and recruit the candidates on basis of their general awareness level and intelligence quotient.
Recruitment in any field in civil service usually follows three stages; preliminary exam, mains exam and interview. Only after clearing all the three stages, the candidates are undertaken for further training.
Banking Sector:
It has attracted the youth in large numbers due to its high success rate.
IBPS is an autonomous body that has undertaken the responsibility of recruiting capable candidates for public sector banks in India.
It has introduced the common written exam. This exam will be commenced in November 2011. It will be a common exam for the recruitment of bank po in 19 public sector banks.
Candidates can present their score card if any vacancy arises in any of these public sector banks. Score cards will be only given to those candidates who clear the CWE exam.
Bank job and civil service are both growing sectors. New establishments like CWE 2011, direct towards the growth and the popularity of these fields. Recruitment for both these sectors is a tough process and requires hard work.

 

Find your career choices at jagranjosh.com if you are looking your career in civil services  or Common written examination  .

Banking

The BPO and the banking industry

It may not have crossed your mind that even as something as traditional as baking functions can be outsourced to a third party. Indeed, outsourcing has been considered to be a great aid for many businesses not only for its ability to reduce labor costs but also for its ability to provide specialized and high-level services.

It has only been on a recent note that the banking field has finally taken a giant step towards contracting non-core functions towards outsource service providers. It includes relative companies that are found in Asian countries such as the Philippines, China and even India.

The main idea and purpose of outsourcing banking activities was to reduce the amount of people or clients that walks in to their physical branches as well as limiting the number of incoming calls that requires attention from bank executives and concerned staff. There is an urgency to have these needs answered right away. But if there are some other alternatives to load off these functions and have them attended to promptly and with positive results, then the banking institution would have more time on their hands to explore new methods or techniques that would allow to them to keep ahead of their peers. Competitiveness is crucial and most basic banking services may eat up too much time from vital personnel of the company.

In the beginning, this type of relationship among banking institutions and outsource service providers have been controversial and even received negative feedback. In example AMEX availed and opened their doors to BPO services and allowed to handle most of their communication with their clients. It is natural for the latter to feel skeptical and even afraid for their investments. Just imagine having another party gain access to their financial information and provide them with probable solutions. There have been issues as well that have been noted in line with accent and language differences. As a result, there have been delays in services and even unsatisfactory rate from clients. It has pushed several clients to move their banking and financial transactions somewhere else, particularly to banking institutions that do not enforce outsourcing for their activities and various functions.

Moreover, threat to information security has also been noted. This didn’t make a sole impact for the bank clients alone but for the institution itself. It is not easy to maintain information security when vital information are being opened up to BPOs or an offshore third party. There have been reports of security breach which resulted in million dollar lawsuits.  

It is not easy to accept the ideals of outsourcing or BPOs for banking institutions. Even economic and political attributes may affect the type of services that would be provided. If truth be told, there are far more aspects that require attention and improvement in line with outsourcing banking activities. At this point in time, it would best be reserved for services that would include IT services. There are technologies that should be collaborated still in order to meet the demands of this industry.

Filipino Sourcing is an outsourcing solutions provider based in the Philippines dedicated to offer businesses and employers a variety of services, both full-time and part-time basis, from offshore staffing, project outsourcing to comprehensive and even large scale business operations.

Banking

Thesis: Study on UK Banking Industry

Sample Thesis Paper

Relevant Analytical Frameworks

The analytical framework is the most important part of any research. This is because of the fact that the analytical framework plays a crucial role in ascertaining the direction of the research and the degree to which data is analyzed (Goddard and Melville 2004). It also considers the approaches through which the research shall analyze the collected data and the manner in which the analysis shall yield information (Kumar 2008).

The research shall follow an analytical framework that shall seek to bring together a quantitative and a qualitative perspective (Trochim 2006). Initially, the research will study the banking industry in the UK. This section will be essentially qualitative and somewhat exploratory. Once a thorough insight into the UK banking industry has been acquired, the research will move on to establish the perception that consumers have towards banks in the UK. This section will entail the quantitative part of the research where primary data will be collected via survey questionnaires/interviews and will be subsequently subjected to statistical tools in order to determine the exact nature customer satisfaction for banks in the UK (Taylor, Gautam and Ghoshal 2006).

Secondary Research

PESTLE Analysis

The research shall incorporate an in-depth PESTLE analysis of the UK banking industry in order to acquire a thorough insight of the variables that influence it. The PESTLE analysis shall constitute an environmental, legal, technological, social, economic and political overview (Elearn Limited 2005). Each component shall be covered in detail with an elaboration of its development over the last few years and its current standing. The PESTLE analysis facilitates the study by providing an overview of the developments that have taken place in society that are relevant to the subject of the study and that have an influence on it (Fullen and Podmoroff 2006). The factors discussed in the PESTLE analysis help to determine the validity of the core cultural values of the subject of the study. The PESTLE analysis will allow the study to develop a clear understanding of the external environment that exists for banks in the UK. The central purpose of the PESTLE is to establish the approaches that banks in the UK have the capacity of adopting and those that they cannot adopt on account of pressure from external variables.

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Banking

Institute of banking personnel -IBPS

Institute of Banking Personnel (IBPS) is one of the largest autonomous bodies in India which has shown tremendous success in its endeavours to recruit suitable candidates for various posts in public sector banks of India. It has adopted the most efficient method of out sourcing individuals to become a part of the banking sector. Unlike other career options, which require a particular stream, the banking sector is open to people from all academic backgrounds. This has led to a growing inclination towards the banking sector by a large mass of the youth. Getting a job in a public sector bank is a thing to be proud of and puts you in the top- notch category. This has increased the importance of IPBS in today’s time where people look up to it as an unbiased organization that helps fulfilling their dreams. In 2011, for the first time, common written exams (CWE) will be held in India for the post of bank po. It is another reward for a successful endeavour by IBPS.
IBPS is an established entity which performs various functions aiming at public welfare. Here are some of the characteristics of IBPS and the functions it performs:
It not only selects and recruits individuals from outside the organization but also promotes the employees working within. This boosts up the confidence of its employees and they strive hard to achieve more.
It provides solutions to human resource management through its technologically advanced international testing models like ETS models.
The faculty that selects and recruits the candidates consists of to-notch professionals in various fields. There is a different team of professionals for each stage in the selection process. A strong team of qualified personnel include people from bank and insurance, psychologists, educational measurement, information technology etc.
It has a large network of offices spread throughout the country where exams and interviews are conducted for various posts in the banks.
It uses objective type testing methodology to select people. It also keeps in mind the need and interests of the clients.
They also identify talented employees within the organization who can cope with better problems and promote them to higher levels.
It also aims at improving the areas of weakness of their clients. They conduct training programmes which focus on their behaviour skills or item writing skills.
The recent achievement for the IBPS is that it got the permission to conduct CWE, common written exam in 2011 for 19 public sector banks for the post of bank po.
IPBS is a growing body and has the highest success rate at the present time. Its work in the CWE exams to be held in 2011 for the recruitment in the post of bank po, have gained praises from many areas and supported it to grow.
 

Download list of CWE , Common Written Examination , Recruitment in Banks and download list of IBPS Recruitment at jagranjosh.com
 

Banking

India News Incorporating Banking and Local News

Information technology is growing dramatic path over the world. The information throughout the world is provided by different types of electric and print media. India news channels are providing more local news than international news.Print media and electronic media provide all the data of the information from different sectors. Bank sectors is one of the important economy growing sector in the world that provides all the facilities related financial transactions to the customers. The latest banking news like rate of interest, loans, funds, balances and much more details will show via print and electronic media. The services and all the information will show in the India news media and international news channels.

In India, most of the bank sectors provide good facilities that could required for a common man likes security for the debit money, provides credits in form of loans and credit cards with a reasonable rate of interests. Rate of interest keep on changing regularly. So people will try to get the update through Breaking News. Banks provide some addition benefits for women’s and senior citizens. Most of the people utilize the advantages of the facilities provided by different banks. Banks will advertise about their services through local news papers and channels.  Services of banking sectors are very important to the nation and to become one of the important issues in the India news

Important information should be cover by India news channels like politics news, sports news, Educational news, business news, economy news, entertainment news and more. Most of the news channels will gather local news faster. It is not so easy for the Journalists to collect the latest required information but they can collect the information by taking few risks. The latest news is the sensations news that is preferred mostly by the people. There is a huge competition between the media channels and printing media’s as the people more interest on, to watch the best news.

Electronic media and printing media journalist work hard with dedication and gather many local news and sensation news regularly. They will visit various places for gathering the latest newsand provides the news for the people. Most of the people are interested to know the India news to know new thing and increase their general knowledge. Banking news is most important for utilize benefits in the right way and most of the big organizations are established through the support of the banks. As the technology is utilizing in all sectors and the most important sector is banking.

 

 

 

Find Local News India, Banking News and India News on every topic at jagran.post.com.

Banking

An encyclopedia to baby cord blood banking

‘Save cord blood’ is the new motto of many medical experts all around the world. Cord blood is in fact what remains in placenta vessels and a part of umbilical cord still remains connected to this even after the delivery. There is being done much advancement and many systems have been invented till now to make the process of umbilical cord blood collection easy. Efforts are being made to inform everyone about the need to donate umbilical cord. Once one goes through this process only then one would be clear about what this process is all about. However, there are some things that would be helpful if you know them already.

As explained earlier, cord blood is what remains in the placenta and umbilical cord after birth. This blood contains the stem cells which can be further used during the transplant for the patient suffering from lymphoma, leukemia and several other diseases that cause threat to the life. Next is the cord blood collection method. The procedure of collection of the cord blood is easy and painless. It does not take much time and is completed in a few minutes. It does not at all affect the delivery or have on side effects. The health experts use a syringe, cut the cord and draw the blood from the baby cord or drain it from cord when it has been put into the bag.

The next step is baby cord blood banking. Cord blood is not stored in the casual freezer as it has to be kept at chilled temperature that is -130 degree Celsius. This is the reason the doctors store it in a nitrogen freezer. Nitrogen freezers are of two types- liquid and vapors. The vapor nitrogen freezers make use of nitrogen that chills the air in the freezer. The liquid freezer submerges the blood sample into the nitrogen directly. When it comes to the cost issue, each of the private banks has different charges. While private banks will charge heavy prices, the public banks take less money.

The recent study by California University in San Francisco has estimated that the average cord blood banking cost including both initial banking and then storage for about twenty years is about $ 3620. It is completely the decision of an individual whether one wants to donate or discard it. One can search on the internet to find out the cord blood banks that are available in the country. There are many hospitals also that have association with such banks. Those who have decided to store or donate the cord blood should report to the hospital or bank by the 34th week of pregnancy.

 According to research done by many organizations, like the American Academy of Pediatrics (AAP) have estimated that the chances for child to require its own cord blood in future are nearly about one in 200,000. The stem cells are known to cure diseases-mainly diabetes and cardio as these two are very common. The scientists are thus making use of the stem cells for the stem cell treatment. They further have done many researches which are helpful for the life of your child only.

This article is written by Jackson daren this is having topics on umbilical cord blood collection, baby cord blood banking, cord blood banking cost and many more. For more: http://cryocell.blog.com/

Banking

Islamic Banking in Modern Times

Islam is a religion which encompasses the entire life its adherents. The source of all laws regulating the Islamic way of life flows from the Quran and Shariah. That includes the business and commercial aspects of the Islamic community. In fact, Mecca and Medina, the two most sacred places of Islam had always been flourishing centers of trade. The banking as we know it today d id not exist then. It is a western institution which came into being after the industrial revolution in Europe. Certain elements of modern banking did exist at time when Islam was revolutionizing the Arab region. Interest is central element of modern banking which is prohibited in Islam. It is known as Riba(interest) the acceptance and payment of which is considered un-Islamic. These principles did well as the economy at the time was prosperous.

The Islamic banking grew out of the need of the Muslims to evolve a  system of finance which while fulfilling all the needs of the business and people yet remains within the principles of Shariah. It came into being during the late 20th century. During last three decades, a large number of Islamic banks have come in all parts of the world catering to the financing needs of the Muslims. Though the name is a bit of misnomer as the Islamic banking is not exclusively for Muslims. It is same as conventional banking  but functions in accordance with the injunctions of the Shariah and Quran.

During the colonial times, the Muslims came in contact with the western banking institutions. The Muslims faced a banking system which was value-neutral. They had a choice to accept this or evolve a Shariah-compliant banking  institution. There was debate going on in 19th century amongst the scholars of Islam whether interest(Riba) referred to loans for consumption or those undertaken for commercial purposes. Such proposals were rejected as the does not distinguish between different kinds of loans.

In the sixties, the Islamic Economists started working on devising ways of establishing commercial banking compliant with Shariah principles. Such an experiment was successful in rural Egypt which functioned on zero-interest policy operating three types of accounts,i.e.,saving accounts, Zakat accounts and investment accounts. the project was later terminated but had shown Islamic banking can become reality.

The oil boom and oil price rationalization during seventies gave further fillip to the establishment of modern Islamic banking. Islamic banking is based on the principle of Mudarabah(Islamic Way, Profit-Loss-Sharing). It also stipulates another rule no reward without risk-bearing. Mudarabahah can be best illustrated by the example of two persons one of whom has got the capital and the other has the managerial and entrepreneurial skills. They join hands pooling their respective resources and agreeing to share profit and bear loss in accordance with the contract they signed before starting the enterprise. So the depositors take a percentage of profit the bank generates from their capital whereas the entrepreneurs shares the profits generated from the capital of the bank.

Shariah Fortune is an Islamic Finance Portal and Community, Share your experience and details information about Islamic Banking, finance, asset management, real estate etc.

Banking

Investment Banking Basics: Know in Detail

Not everyone knows much about investment banking, so if you are one who is looking out for these then you must know its details too. Investment banking work is not a kind of financial investment method in any banking sector, however it helps in creating good wealth and finds of the client. With practical uses of resources availability of resources, commercial banking’s been using investment banking for this purpose. The people who are involved in this sector will help you with advices on how to get transactions in business you are.

There are two ways in, which you can increase funds in this sector. You can either release the stock, draw on the public funds from the capital market, which is also called corporate finance. Second way is venturing capitalists or private equities in becoming shareholders with the company. If you need any kind of advice to manage different takeovers, then investment banking is the best sector that is there to help you. Apart from this, they will also help you with advises to manage talents and declare the public offerings. Mergers process and acquisitions are the subjects that are held under corporate finance section of investment banking. This exact margin within investment banking along with other sectors of banking have not been, known much about, in last few years.

Corporate finance is one of the sectors of the investment banking where it works and then supports those companies that are getting the extra money mostly. Suppose there is a company that needs higher money to stay focused in the growing and stiff competition in market. This company wants to spend in the research and marketing of a product-based company and it is here that the investment banking helps in getting company’s shares sold. In this way, it helps in rising of funds for yourself. ‘Merger and Acquisition’, is yet another portion that can be explained through a good example. There is a company that is holding a top notch place in this market and it wants to buy one more company with it so that there is more authority in its name and the business. Here the investment banking helps by making the companies understand that they can merge and be powerful in their own group and acquire greater part of market. There are many other advantages of getting the companies merged and they also help in informing you the same. There are market conditions and time when the merging is said to be best so you can also know your own market time when you can merge your company.

Sale is another field where the investment banking has gained importance. These sales person perform great deal of work by convincing investors and to develop your relationships with these investors to sell their company’s stocks. They also help in giving you great advices on stocks and trading and these will help you buying and also selling of stocks along with getting other transactions done profitably in your business. Not only this, but you are also advised on the favorable market conditions and time when you can do any business.

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Banking

Some Information About Private Banking Jobs

It is a common phenomenon to find students showing a deep interest in finding a job that will guarantee them of many things. For instance, to have their own car, house or go on vacations to their preferred destination. In fact, these are the factors that many students keep in their mind while choosing a particular subject during their study in an institution. There is a great demand for private banking jobs among a select category of these students.

The preference for private banking jobs stems out from a special reason. For many newies, it serves them the best to be amidst a fascinating work environment. Besides, the perquisites and emoluments are best in the industry. It is widely known that modern banks are well equipped with highly trained staffs. These are the personnel who are responsible for delivering quality service to their esteemed customers. One of the pre-requisites of landing with such kind of a job is in having qualities such as excellent communication skills, articulate, reliable and trustworthiness.

There are some UK banking jobs that are solely dedicated to corporate and IT banking sectors. The work profile normally involves adhering to strict deadlines. In addition, a candidate is required to process checks in the entry-level. Maintenance of good professional ethics is very compulsory under these situations because these checks are supposed to be delivered overnight to its head office. Besides this, employees are required to entertain customer queries playing the role of a front line executive.

If you are dreaming of bagging coveted UK banking jobs, you must exhibit excellent degree of reasoning and aptitude. This should be followed by initiatives that can match certain specific roles such as that of a supervisor. Since this is one arena that has become a most-sought after in recent years, finding your ideal work in this sector would not be a catwalk for you. Long recruitment process and successfully clearing tough competitive examination has become the order of the day.

Generally, when there is just one vacancy, there are thousands of applications for this one vacancy. Therefore, you have to stand out in this mad crowd. Candidates are asked to undergo through a type of competency assessment test, three rounds of interviews, etc. Possessing strong banking and analytical skills is the correct mix of qualities desired in a candidate. Having only one high school diploma and/or its equivalent can at best fetch you junior roles to play in this industry.

For more information on UK banking jobs, check out the info available online; these will help you learn to find the private banking jobs!