Tag Archives: Banking

Banking

Investment Banking Analysts

When people have a problem involving raising capital, who would they consult? Yes, they would go and check with their investment banking analyst. People who are highly fascinated with the investment banking world would be at an advantage if they would actually prepare themselves for a career as possible analysts. Investment banking analysts are normally Bachelor-degree holders or undergraduates, who are planning to obtain their MBAs in order to move up in the company ladder. In reality, these undergraduates typically work for a length of around two or maybe even three years before they do this. Before one could even think of becoming an investment banking analyst, they should first finish their Bachelor’s degree studies and also experience a summer internship prior to their senior year in college. The primary reason for this suggestion is due to the fact that a lot of recruiters employ investment banking analysts who once interned for their organization.

Those who want to become an investment banking analyst should be someone who actually takes pleasure in using a computer. This is because it is usual for these analysts to spend most of their hours at the said technology. What they actually do is they have cordial relationships with traditional and non-traditional financial sources that would be able to help their clients determine which one is ideal for the clients’ situation as well as their needs. These investment bankers could also assist people with raising equity, deal structure, and negotiations.

These analysts also often work at their homes and they even pull all-nighters when it is absolutely necessary. Some of their duties involve creating comps, editing pitchbooks, and building models.

The more experienced analysts could even put together pitchbooks and still, there are others who could work their way into those exciting responsibilities like a live transaction type meeting. The analysts’ job details could definitely differ but one thing is guaranteed, their hours are normally long as well as tiring. One’s day might start at 9 in the morning and it could very well end way past midnight, although there are some days that could be considered slow.

Investment banking analysts should be highly proficient with Excel spreadsheets, Bloomberg, Word and PowerPoint as well as be familiar with writing VBA macros. They should also know how to make prospectuses, generate as well as track regular newsletters (or weeklies), get pitch books, run errands, keep schedules, and answer client phone calls, among others. Analysts should be hardworking, thorough, reliable and flexible. Some great tips to become a good analyst is to learn about the market and the finance industry, keep abreast of the business and financial news, start early, and always love the job.

After the analysts have worked for either two or three years, they might now want to pursue their MBA degrees and might or might not even return to the investment banking industry. Those former analysts that have gotten MBA degrees would have the clear-cut edge over others who have not actually worked in this particular field. Simply put, being a true-blue investment banking analyst is similar to proudly earning one’s stripes in the financial industry.

To further widen your horizon and knowledge, read more details on what it takes to be an investment banking analyst.
John Janson writes on a part time basis, exploring learnings in business opportunities, current trends, technologies and home improvements.

Banking

Corporate Investment Banking

Banks are one of the most stable financial institutions created by man to help in his advancement and the management of his finances. Banks represent the clients and their transactions. Banks are expected to be honest and honorable in their activities. Because a lot of different financial activities are catered by the banks, it became necessary to separate them across a thin border line that would specify their transactions and services. Therefore, banks of different interests were born.

Among the many banks that serve various clients, it was again necessary to differentiate the types of clients that the banks handle in order to provide a specific choice that would be most beneficial to both the bank and the client. Banks that offer their services to the general public and mid-market businesses can be categorized as retail banks while those that offer their services to business companies and corporations can be categorized as corporate banks. Also, those banks that are most capable in dealing with the aspects of the financial market can be categorized as investment banks.

Banks with corporate investment banking services can therefore be deduced as those that are adept in financial market transactions, which involve businesses and corporations. These corporate investment banks act as the middle agents and arrangers of transactions and acquisitions of controlling interests in various established companies, which are usually operating on a global scale. These banks mainly focus on developing and multiplying the invested capital legally while maintaining the security that the clients need.

Those who are in corporate investment banking have a wide range of clients.

Therefore, they have lot of responsibilities that involve all the aspects of corporate transactions. Growing businesses will benefit from the guidance that the corporate investment banks can bestow on them. At the same time, the middle-market companies and large-scale corporations can transact securely with the assistance of these banks.

The various financial services that included in corporate investment banking can include merger advisory, exclusive sales and divestitures, and buy-side and sell-side advisories. Trading and the promotion of cash and securities comprise the sell side while various transactions involving the clients who need to maximize their profits on the investments comprise the buy side.

The corporate clients invest in the bank, which, in turn, takes the risk of investing the clients’ investments in the ever-unpredictable world of the financial market. This is a huge risk for the bank to take on behalf of its clients because it stands to lose its money and its reputation if its transactions are erroneous. To help the corporate clients manage their investments, the bank assists them even after the actual buy. This can take the form of various investment management programs and advisories that would help the clients maintain security in their purchased shares and bonds to meet the specific goals that these clients targeted. The main purpose is to protect the clients and their investments.

A good corporate investment bank offers the clients a constant risk management support. This support helps the clients analyze and solve the various risks that they are going to experience in order prevent erroneous trades.

Assess your assets, balance your basics and count the cost as you consider setting up an account with corporate investment banking.

Banking

Energy Investment Banking

The human society is fast consuming the fossil fuels that took trillions of years to develop. It has been projected by scientists that these energy sources will not last long and were therefore called non-renewable energy sources. But humans have always depended on energy to meet the technological advances that they developed and have gotten used to. With the depletion of these non-renewable resources, the threat that the world will go back to its prehistoric roots of zero technology is a serious one. This threat has led scientists and engineers to look for ways to divert usage of non-renewable energy sources to ones that can be renewed over and over.

Science developed ways and means to convert the energy sources from raw material to potent energy. Thus, renewable energy technologies were created. Bio-energy from gaseous products of decomposition, geothermal and solar, wind and ocean sources, and hydropower has been diverted to create renewable energy.

But because the development of ways to conserve energy can be very costly, a lot of ventures on this field have been abandoned. It seems that the apparatuses and machines involved are too expensive and produce too little energy to supply the needs of a large energy demand. For example, the wind is one of the most powerful sources of energy. But in order to harness the wind’s power, vast areas of land must be acquired, and huge windmills must be put up.

Moreover, even if this can be bought at a certain price, extensive research needs to be undertaken to correctly put up the structures necessary. If this is not achieved, the windmills may be present in the correct location, but the energy that will be produced will not be worth the expenses.

To address this serious issue on energy, energy investment banking evolved to help clients in financing their ventures involving renewable energies.

The banks assist the clients in acquiring the correct technologies while offering them services to address the financial and legal aspects of their activities.

Usually, banks involved in energy investment banking would incorporate a lot of add-ons to the investment to benefit the client and hasten the project’s commencement. For example, a qualified research project that would aim to harness the sun’s energy would need new technologies to concentrate the diffused solar energy. These gadgets are usually expensive and require expertise. Allowing the clients to acquire these machines, therefore, would propel the study and hasten the possible energy production.

Clients of these banks with energy investment banking services usually include a wide range of entities that may be simple scientists who need funds to support their project or large institutions and governments trying to find ways to solve their own energy requirements. It is therefore necessary for these types of banks to create services that would be accessible to different clients. A good bank of this genre can easily combine the principles of banking with the concepts of science to provide economic, as well as ecological, solutions to various scientific or government energy problems.

Banking has truly evolved.

Assess your assets, balance your basics and count the cost before putting your capital in energy investment banking.

Banking

Basics of Online Banking

Online banking has been supported by many banks and so the burden of visiting banks for small transactions has now been reduced. For those who are new to this form of banking, and the types of banks, here are a few basics to help them out with.

There are three types of banking solutions –

1. Commercial banks:
Commercial banks are those that are quite commonly found and they provide online banking solutions as well. The other services include managing accounts, savings accounts and providing loans for various purposes. The state or the federal body usually regulates them some banks like the Lloyd are regulated by the Financial Services Authority the body that regulates financial institutions in UK.

2. Credit Unions:
This is something like a community banking where people in the same field are grouped together. They can be those pursuing same kind of profession or those working for the same company or something in common. Profits are equally shared by all members of the group and it is possible to open an account only if you belong to the particular group. Credit unions may also be based on geographic locations. People living far from the place cannot open the account. The account limits may vary between $ 5 and $ 50. The loans can be availed at lower rates than the commercial bank. But we should be see how far online banking has reached in this sector.

3. Savings and Loan Association:
These banks operate mainly to provide loans home loans and other loans using money from the accounts of their customers. These banks are best suited for savings account as their interest rates are better than many commercial banks. Online banking has nowadays started reaching this sector also.

In case you’re skeptical about the online form of banking, there’s nothing to worry about.

Most of the corporate giants are dealing with electronic funds transfer, so it is completely safe to adopt the same. However, you must be careful enough not to give your credential like passwords, net-banking PIN, telephonic banking PIN, or any other password to others.

Lana runs an extremely resourceful website where you can find some more facts and figures about Online Banking, discover more about credit cards or avail loans.

Banking

Senate Banking Committee

Daily Market Commentary for January 6, 2009 from Millennium-Traders.Com

Senate Banking Committee seeks SEC Records for Madoff probe as the House Financial Services Committee conducted its first hearing Monday into the failures of the Securities and Exchange Commission…(read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Factory Orders:

U.S. Factory Orders fell 4.6% in November compared to consensus of a drop by 2.2%; U.S. November Factory Orders excluding Transportation fell 4.2%; U.S. November Factory Orders excluding Defense fell 4.7%; U.S. November Durable Goods revised to a drop by 1.5% from a drop by 1.0%; U.S. October Factory Orders revised to a drop by 6.0% from a drop by 5.1%.

Institute for Supply Management (ISM):

U.S. ISM December Non-Management Composite Index came in at 40.6 versus November 37.3; U.S. ISM December Non-Management Composite Index expected to come in at 36.8; U.S. ISM December Non-Management Business Index came in at 39.6 versus November 33.0; U.S. ISM December Non-Management Employment Index came in at 34.7 versus November 31.3; U.S. ISM December Non-Management Prices Index came in at 36.0 versus November 36.6; U.S. ISM December Non-Management New Orders Index came in at 39.9 versus November 35.4.

FOMC Minutes:

Fed Staff sees U.S. GDP Declining In ’09; Downside Economic risks ‘Substantial’; Unemployment to rise ‘Significantly’ into 2010; sees ‘Appreciable’ Easing of Inflation Pressures; Some Officials see major Risk of Too-Low Inflation; Some Officials favored Quantitative Reserve Targets; MBS, GSE and Treasury Purchases by Fed would lower yields; Sees close Cooperation between Fed Board and FOMC; Fed will buy $ 600B GSE, MBS Debt by end of 2Q; Discussed Benefits of Explicit Inflation Goal.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S.

stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:

DOW (Dow Jones Industrial Average) gain of 81.80 points to end the trading session at 9,952.89

NYSE (New York Stock Exchange) gain of 60.41 points to end the trading session at 5,968.84

National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 24.35 points to end the trading session at 1,652.38

S&P 500 (SPX) gain of 7.25 points to end the trading session at 934.70

FTSE All-World Index data excluding U.S. (AW01UK) gain of 1.32 points to end the trading session at 155.15

FTSE RAFI 1000 gain of 34.26 points to end the trading session at 3,599.17

BEL 20 (BEL20) shed of 7.04 points to end the trading session at 1,997.28

CAC 40 (CAC40) gain of 36.30 points to end the trading session at 3,396.22

FTSE100 (UKX100) gain of 59.28 points to end the trading session at 4,638.92

NIKKEI 225 (NIK/O) gain of 37.72 points at the end the trading session at 9,080.84

New York Stock Exchange (NYSE) stock market indicators for the trading session today:

Advanced stock prices 2,457, declined stock prices 714, unchanged stock prices 60, stock prices hitting new highs 19 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MasterCard Incorporated (NYSE: MA) stock price gained 8.76 points on the trading session, high on the trading session $ 165.00, low on the trading session $ 155.29, with a closing stock price at $ 162.02; Visa Incorporated (NYSE: V) stock price gained 3.79 points on the trading session, high on the trading session $ 57.98, low on the trading session $ 54.50, with a closing stock price at $ 57.61; Siemens AG (NYSE: SI) stock price gained 1.44 points on the trading session, high on the trading session $ 76.87, low on the trading session $ 74.44, with a closing stock price at $ 75.91; Mosaic Company (NYSE: MOS) stock price gained 0.89 points on the trading session, high on the trading session $ 39.04, low on the trading session $ 34.85 with a closing stock price at $ 38.56; Diageo plc (NYSE: DEO) stock price shed 0.87 points on the trading session, high on the trading session $ 57.98, low on the trading session $ 56.22, with a closing stock price at $ 57.57.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:

Advanced stock prices 2,041, declined stock prices 813, unchanged stock prices 121, stock prices hitting new highs 14 and stock prices hitting new lows 5. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: First Solar Incorporated (NasdaqGS: FSLR) stock price shed 2.74 points on the trading session, high on the trading session $ 160.00, low on the trading session $ 150.19, with a closing stock price at $ 155.06; Garmin Limited (NasdaqGS: GRMN) stock price shed 1.22 points on the trading session, high on the trading session $ 21.25, low on the trading session $ 19.70, with a closing stock price at $ 20.78; Celgene Corporation (NasdaqGS: CELG) stock price shed 4.10 points on the trading session, high on the trading session $ 54.25, low on the trading session $ 50.18, with a closing stock price at $ 50.26; Strayer Education Incorporated (NasdaqGS: STRA) stock price shed 11.29 points on the trading session, high on the trading session $ 207.00, low on the trading session $ 187.42, with a closing stock price at $ 195.12; Google Incorporated (NasdaqGS: GOOG) stock price gained 6.01 points on the trading session, high on the trading session $ 340.80, low on the trading session $ 326.39, with a closing stock price at $ 334.06; Apple Incorporated (NasdaqGS: AAPL) stock price shed 1.83 points on the trading session, high on the trading session $ 97.17, low on the trading session $ 92.39, with a closing stock price at $ 92.75.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:

Advanced stock prices 448, declined stock prices 179, unchanged stock prices 35, stock prices hitting new highs 5 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:

E-mini S&P 500 (ES) Mar 09: End of trading session price 929.75; Change for the trading session -0.75

E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,270; Change for the trading session -1.00

E-mini DOW $ 5 (YM) Mar 09: End of trading session price 8,946; Change for the trading session -3

E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 555.40; Change for the trading session +0.40

E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 9,121595; Change for the trading session +50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:

Euro 0.7392 to U.S. Dollars 1.3528

Japanese Yen 93.680 to U.S. Dollars 0.0107

British Pound 0.6698 to U.S. Dollars 1.4930

Canadian Dollar 1.1839 to U.S. Dollars 0.8447

Swiss Franc 1.1143 to U.S. Dollars 0.8447

COMMODITY MARKETS:

Energy Sector – Nymex:

Light Crude (February 09) shed $ 0.23 on the trading session for a closing price of $ 48.58 per barrel ($ US per barrel)

Heating Oil (February 09) gained $ 0.05 on the trading session for a closing price of $ 1.63 a gallon ($ US per gallon)

Natural Gas (March 09) shed $ 0.09 on the trading session for a closing price of $ 6.00 per million BTU ($ US per mmbtu.)

Unleaded Gas (February 09) gained $ 0.01 on the trading session for a closing price of $ 1.19 a gallon ($ US per gallon)

Metals Markets – Comex:

Gold (February 09) gained $ 8.20 on the trading session for a closing price of $ 866.00 ($ US per Troy ounce)

Silver (March 09) gained $ 0.18 on the trading session for a closing price of $ 11.45 ($ US per Troy ounce)

Platinum (April 09) gained $ 10.60 on the trading session for a closing price of $ 968.20 ($ US per Troy ounce)

Copper (March 09) gained $ 0.12 on the trading session for a closing price of $ 1.58 ($ US per pound)

Livestock and Meat Markets – Chicago Mercantile Exchange (cents per lb.):

Lean Hogs (February 09) gained 1.28 on the trading session for a closing price of 63.95

Pork Bellies (February 09) gained 1.30 on the trading session for a closing price of 87.75

Live Cattle (February 09) gained 1.00 on the trading session for a closing price of 88.55

Feeder Cattle (March 09) shed 0.75 on the trading session for a closing price of 95.98

Other Commodities – Chicago Board of Trade (cents per bushel):

Corn (March 09) gained 16.25 on the trading session for a closing price of 427.50

Soybeans (March 09) gained 29.00 on the trading session for a closing price of 1,016.00

BOND MARKET:

2 year Bond Closing price 100 6/32, change 0, Yield 0.76, Yield change -0.02

5 year Bond closing price of 99 9/32, change +5/32, Yield 1.64, Yield change -0.03

10 year Bond closing price 111 9/32, change +9/32, Yield 2.45, Yield change -0.03

30 year Bond closing price 129 14/32, change +31/32, Yield 2.98, Yield change -0.04

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com

Banking

Mobile Banking Solutions

Over the years, mobile phones have ceased to be just mobile phones. The advent of Smartphones and surge in mobile phone telephony technology has made a phone much more than just that. A mobile phone is a personal digital assistant cum a workstation. Growing usage of Internet via services like EDGE, 3G and LTE has further enhanced its usage and dependence. Usage of mobile Internet globally, almost tripled between 2009 and 2010, as per a report from Cisco, but that’s not the most surprising bit. The real news is, they expect mobile data use to increase by a factor of 26 by 2015 – and a large part of that growth will come from users who don’t even have electricity at home. So it is only logical that the credit unions saw mobile banking as a great opportunity to reach out to new and existing customers.

Mobile Banking, basically, is a system that allows financial institutions to conduct a number of banking transactions through a mobile device. It has been gaining traction all over the world. Among the biggest advantages of mobile banking is the no-fee checking, feature. The biggest reason for the spectacular growth in mobile banking is that there is a need and it is possible to meet the need with technology that actually works. There is also a spirit of optimism and a willingness to try out new things. The degree of rampant innovation in this sector is almost unheard of. Also, a new breed of consumers all over the world is starting to emerge with an open mindset and with big dreams. They want to embrace new innovations. Mobile banking gaining so much traction is a proof of this trend.

There are a lot of advantages to mobile banking.

Some of them are as follows. In case of online banking, you must have an Internet connection and a computer. This is a problem in developing countries. However, with mobile banking, connectivity is not a problem. You can find mobile connectivity in the remotest of places also where having an Internet connection is a problem. It saves a lot of time. It is also very cost effective, and various services can be accessed at the tip of your fingers. Banks can also use it to promote services like auto loan refinance rates, microfinance rates and other special services to a specific group of individuals. Mobile banking also reduces the risk of a fraud. One can get SMS intimations and notifications post every transaction. So if a wrong transaction has happened, one can easily notify the bank. It prevents fraudulent activities. Thus, with the convenience it offers to customers and banks alike, Mobile banking is here to stay.

California Coast, founded in 1929, is one of the oldest credit unions in San Diego. It offers competitive deposit rates, lower loan rates, enhanced technology and additional services. It enjoys a shared branch network of more than 3,000 locations, and more than 25,000 surcharge-free ATMs nationwide.

Banking

What Is Cord Blood Banking

There have been significant discoveries in the field of stem cell research, but the concept about what cord blood banking is remains unclear to most parents. This lack of correct information combined with paranoia that something could go wrong with their child in the future is giving impetus to the cord banking business. Therefore, it is crucial that you receive correct and factual information about cord blood banking, especially if you’re expecting a child in the near future.

During pregnancy, the umbilical cord is the lifeline between the mother and child. The term ‘cord blood’ implies to blood that remains in the umbilical cord after the baby is born. Over 5000 cord blood transplants have been performed worldwide since its initial clinical use in 1988. Storing umbilical cord blood stem cells when they are young is beneficial to patients due to greater engraftment potential, and self-renewal and differentiation capacity of these cells. In addition, these stem cells are more immunologically naïve and patients who receive them are less likely to reject them. They have lesser probability of developing graft versus host disease as compared to the hematopoietic stem cells obtained from the bone marrow.

As such, cord blood stem cells can be successfully used even when there is no perfect match between the donor and the recipient. The collection of cord blood is also a simple, safe, quick and painless procedure. It is important for the family whose baby’s umbilical cord blood stem cells are stored to know that autologous cord blood stem cells of the baby may never be used for the baby in case of leukaemia or other blood related disorders, which could occur during childhood.

In such cases, it has been medically proven that HLA-matched allogenic stem cells from the donor are the best therapeutic option. A baby, whose umbilical cord has been stored with Unistem will have the advantage of obtaining HLA-matched cord blood stem cells.

This can be done either from Unistem’s Public cord blood bank, free of cost, should the HLA-matched umbilical cord blood stem cells be available. In the absence of availability, Unistem will facilitate through its membership with the International Bone Marrow and Umbilical Cord Blood Donor Registry with its headquarters located in the Netherlands and affiliated with public banks globally, to get the right HLA-matched stem cells for the child. Unistem is the first and only company associated with stem cell research and therapy, and cord blood banking in India from the umbilical cord.

 

The author is doing research on stem cell science.Here he has discussed about what is cord blood banking? and some important facts about Cord banking

Banking

The Privileges of Premium Banking

Premium banking or private banking goes beyond personally handling a traditional bank account. It is a holistic financial management solution offered by banks and includes banking, investment and other financial services for customers. Individual attention to customers is provided through personal banking managers who help plan their financial investments.

Most major banks provide dedicated areas for premium banking clients, which offer priority access to customers, even when it comes to telephone or online touch points. Premium banking customers also get priority service & preferential pricing on offerings like credit card applications, loans and more.

The world of premium banking customers

In broad terms, premium banking customers are generally high net worth entrepreneurs, businessmen, corporate professionals and other individuals or family run businesses. A dedicated manager creates customised financial plans depending on the customer’s risk profile and profit expectations with a range of solutions like capital protection, income products, growth funds and alternative investments.

A smart way to plan your investments

The advantages of premium banking are varied and many. Premium banking aids the customer reap the multiple benefits in helping them make financial decisions regarding their investments. Some of the benefits include:

Personal relationship manager
Dedicated premium banking desks
Dedicated teller counter to facilitate faster transactions
Preferential rates on banking services like remittances, cheque books, statements, etc.
Doorstep banking service
Invitations to exclusive lifestyle events

Premium banking in the UAE

Since premium banking caters to high net worth customers, banks look for minimum net investment in the bank, either in an account or in investments in the bank.

For example, in the UAE, a customer may need to have AED 50,000 or more in the bank’s account or financial investments or a combination of both, in order to qualify for premium banking.

In the UAE, reputed banks like RAKBANK offer different types of premium banking accounts, depending on the customer’s net worth. So before you choose the premium banking service you wish to use, it is recommended that you check the benefits and advantages of each, depending on your financial needs.

Abdul Shahid is an independent writer who likes sharing his views on the financial/Banking sector in the UAE. His area of expertise is banks in UAE, insurance, premium banking, travel insurance, banking accounts, credit cards, saving accounts, debit cards, loans, investments, mobile banking UAE and a lot more.

Banking

Understanding Private Banking

Providing wealth management and private banking solutions to high profile clients has, now-a-days, become one of the most coveted businesses of banks. Private banking involves focusing upon the client’s portfolio including assets like traditional equity and bond investments, real estate holdings etc. All these assets are managed by personal financial advisors.

The advisors possess a wide knowledge base of finance and relevant financial matters and aid their clients in issues like tax, financial planning, retirement etc by providing helpful and precious advice. But as far as the high net worth clients are concerned, they need something more than just the conventional solutions and this is possible through private banking solutions only.

What is Private Banking?

Private banking can be defined as a set of customized services tailored for private high net worth customers. These services reflect a higher quality in comparison of services offered to other customers. Private banking services are often extended to customers who have got liquid assets of more than $ 250,000 but typically US$ 5,000,000 or more.

There is a logical and convincing reason behind why these services are provided to high net worth individuals. For these high net worth clients more tailored and bespoke solutions are created to provide better options, flexibility and this in turn, permits the banker to tailor make certain financial solutions which involve a far more diverse universe over which clients can make money from. Clearly as private banking high net worth clients have higher sums to invest a higher level of service is offered to them.

Role of Financial Consultants

Financial consultants like Richard Cayne Meyer International are experts on identifying private banking solutions and their expertise can be seen as they make direct comparisons on private banking solutions offered by some of the major global players.

These experts consult on highly personalized private banking solutions and their established, reputed and worldwide network helps their clients gain access to such a diverse range of information.

The high profile clients can also get the assistance through personalized services in which a financial manager/expert is personally assigned to take care of the management of client’s portfolio.

Conventional Banks & Private Banking

A vast array of products is offered by the banks to its customers so that their financial requirements can be met up easily and satisfactorily. Such products may include the ability for the investor to create his/her own portfolio of investments but wants a professional to manage / administer it. Stockbroking, loan, Mutual fund, hedge fund access services and structured product sercives are but a few of the services one can expect to be able to receive.

Private banking solutions provide a blend of financial products to their clients and these financial products are especially customized as per the requirement of such wealthy and eminent clients. According to Richard Cayne Meyer Asset Management Ltd, these financial products may include investment portfolio management over different currencies and various types of investment products.

For more resources regarding Richard Cayne or even about Richard Cayne Meyer International and especially about Richard Cayne Meyer Asset Management Ltd please review these pages.

Banking

Career in Banking Sector for Fresher

 

Banks not only offer jobs for experienced employees but also for freshers. These freshers are the students who have completed their studies and wish to pursue career in banking sector and since they do not have any work experience, the hiring process includes a written exam, group discussion and personal interview.
 
When it comes to fresher there are so many options and so many jobs which banks provide and almost every year banks look forward for graduates / management students with little experience. This is because they have just completed their academics and are completely ready to mix in the office environment. Also the spirits are high and the devotion is very true. Therefore banks would love to work with such kind of students who wants to associate themselves with banks. 
 
As a matter of fact there are so many colleges where banks come to hire the students soon after they complete their graduation. Therefore it acts as an added advantage for the students as they do not have to search for jobs. These kinds of degrees hold so much importance that now students have understood their weightage and are doing their level best to work with best of the banks. Not only private banks but public sector banks also are a part of the whole hiring system. That is why these days there are fewer complaints from the customers’ side. This is because quality staff is hired and no one wants to lose their customers.
 
Freshers can be posted in any department as they are not specialized in any stream. They can be trained well and then may be Marketing or Finance whichever is suitable for them they can be absorbed in that department. Trainees love to deal with customers as they are young and they always look for attention from their seniors. That is why if proper training is provided they can prove excel in their work and help in the growth of an organization.
 
There are discussions regarding the salaries and stipends which are offered to these trainees like low pay scale but that is true in various industries hiring inexperienced staff but with time and experience they do get a decent salary. That is a universal and an accepted fact. If there is correct potential and the spirit to go ahead and create a name in the world of numbers then sky is the only limit. Just make one thing sure in mind that you want to work with the best bank in the world.

Nitin G writes on behalf of various career portals and websites in India. He writes on different topics like bank job openings, eligibility for bank exams, jobs for freshers and improving work concentration.