Difference between retail banking and investment banking?
Retail banking ensues financial transactions where the bank loans money on credit also known as lines of credit in which companies repay based on terms set by the lender. With retail banking, the bank assumes most or all of the risk.
Investment banking can either be the sale of stock, preferred stock, bonds, debentures and so on. Investment banking requires the underwriting of financial instruments which reasonably assures investors that the company is solvent and able to repay the funds or that the stock should rise in value in the long run after the funds are raised. Regardless, with investment banking, investors assume most of or all the the risk.
Why should you have a saving account?
There are times when you run out of money, such as when you have been laid off from a job. It is extremely important to be able to put your hands on cash. When that happens, it is important that you have a savings account. Of course you can borrow money, but when you are down and out, you must pay extremely high interest. Savings accounts help you when you really need money. While most people do not, everyone should have a savings account with six month's salary for major emergencies. People who worked at the Pontiac factory who lost their jobs, would still lose their houses but would have the money to move and get reestablished.
Is a checking on quantity of items or material including issuing and received material within stock
If your checking account was closed due to insuffient funds can you get the account reopened?
no. You have to reapply for a new checking account. Go to your local bank or online.
Are banks allowed to ask personal questions when opening another bank account?
Banks are allowed, with your permission, to ask personal questions about how you handle your finances and which banking solutions you are currently using. This is called "profiling." The reason banks do this is to make sure that if your current banking solutions fall short of your expectations and your needs, they can then recommend something that makes more sense for you and your situation. This results in a happy client (you) and additional relationships for the bank. Banks are also legally obligated to follow the Know Your Customer (KYC) regulation for all banks in the US. They may ask questions about where the money is coming from to ensure that you are not doing anything illegal.
Banks want to get to know you. They are dealing with your money, your finances are very personal, but that's what the bank is there for. I'd want my banker to know my situation so that their recommendations make sense. If I am missing out on something that would benefit me, I'd like to know. How can they recognize a need without asking questions?
Who do I contact at Barclays Bank PLC to get my money back which they fraudulently stole?
Ask for the legal department. That is where your enquiry will end up anyhow.
Can you remove your name from a joint checking account without closing it?
At chase both party's have to be there and you can remove your name. I did it.
I did not require my partner to be there as I opened another account for myself so it appears to be a bank specific deal.
What are the features of commercial bank?
The main feature of a commercial bank is to provide security for the holding of peoples money. Another important feature of the commercial bank is to lend money.
Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act.
The banks included in this schedule list should fulfil two conditions.
1. The paid capital and collected funds of bank should not be less than Rs. 5 lac.
2.Any activity of the bank will not adversely affect the interests of depositors.
Do commercial banks offer their services only to businesses?
No. They offer their services to Individuals, Corporations, Small or medium enterprises, non profit organizations etc
How could you find transactions over 500 that still need approval?
In the search criteria area, select the > or = , type 500, and select Pending from the Approval status drop down list
Is there a certain amount of money required to keep the account open?
Most banks require a certain amount to open, and possibly to maintain, but one should check with their bank for specific requirements.
WITH The PASSAGE OF TIME, AS TECHNOLOGY ADVANCES, THE EXISTING INVENTIONS HAVE CHANGES A LOT.
the new technologies( which you may see as gadget's) are
What is a use of bin card in stock recording system?
A bin card is being used to keep a record of upcoming stocks from the godown and the outcome of new stocks and expiry date and renewal of a new product.