Category Archives: Banking

How to make career in banking sector

Banking is one of the most enthusiastic careers field in present scenario which deals with the fields of commerce and accounts. Multiple opportunities are beginning to occur according to the changing scenario, thus, one is required to give their best to clear the necessary entrance exams in order to obtain degree in banking. Banks provide numerous job opportunities to each and every eligible candidate who have finished their graduation/Post graduation or any other diploma in appropriate fields.

It is advised to go through CAT entrance exam to obtain entrance in top business schools since they provide the most excellent banking courses too. MBA in Banking will definitely help you to get a banking degree and the necessary qualification vital to develop into a successful candidate in the booming banking sector.. All those persons who have appeared for becoming banking degrees degree in this sector, gain specializations in various areas like – business laws prevailing in capital market, global business administration and Cost Accounting & Services, Taxation of monetary Services, Banking Communication, Environmental and organization of Financial services, etc.

There are many institutes that offer many courses, which on perusing and completion provide degree in banking. One of these prestigious institutes is SMF Institute of Higher Learning. The most advantageous aspect of this institute is that they provide banking degree. Another advantage of this institute is that you can peruse the courses part time or full time, as per your convenience.

After you complete your course, the degree is awarded by Murdoch University, Perth, Western Australia, which increases your chances of getting placed in all reputed private banks like ICICI, etc and also in public sector banks like Bank of Baroda, Reserve Bank of India, etc. The admissions in this institute take place in January or May or September.

The degree gets completed in sixteen to twenty four months, depending upon the full time or part time course you adopt. Many courses will be submitted through written assignments and through examinations. For the ease of working, classes are held on workaday evenings or weekends. The course fees involve institute registration, notes, chosen articles, coursework, main exams, on completion and transcription. Entire fees can be given in four installments.

The qualifying exam is very competitive and thus required immense practice in the areas of numerical aptitude, English language, general knowledge and logical reasoning. Interview for eligible people will be done to check the attitude and required knowledge over the particular bank. Choosing bank as a professional choice is a good decision for all those people who desire to explore within market.

If you really want to persue the this article is for you. Here you can get the beneficial information about becoming and apply easily online. For more information simply log on smf.edu.sg/en/bachelor-of-commerce-banking/

Don’t Kill The Banking Industry It’s The Goose That Lays The Golden Egg

The UK Government looks set to crack on with the program of banking reforms recommended by the Independent Commission on Banking, in spite of fears that the high cost of implementing them will slow down any chance of an economic recovery. The ICB’s package of reforms was outlined in their ‘Report on Banking Reform’, which was published in September 2011. The Commissioners’ recommendations included protecting customer deposits by ring-fencing high-street banking from riskier investment and trading activities, higher mandatory levels of liquidity for the systemically important financial institutions, and encouraging increased competition between banks.

London Mayor Boris Johnson, interviewed on the Andrew Marr show on the BBC recently, succinctly expressed the fears that many in the banking world have been feeling with the immortal words: ‘Just don’t kill the goose’.

In other words, don’t kill the goose that lays the golden egg. Boris was saying that the banks, though unpopular, are a vital part of the UK economy, generating huge sums of money to the Treasury. As he put it to Andrew Marr ‘but those guys, all those great glistening Temples of Mammon I can see behind you in the City and Canary Wharf, they produce 53 billion quids worth of tax. Now that is that is something that is of huge value to the UK. That’s schools and hospitals and all the rest of it.’

Curiously, further in the interview, Andrew Marr tries to clarify Mayor Johnson’s remark with the suggestion ‘Pluck the goose, don’t kill the goose’. Now I may not know an awful lot about animal husbandry, but I am pretty sure that it is not customary to pluck a live goose. Have you seen the size of those things? Geese are large, noisy, ferocious birds, traditionally used by country people as a cost-effective alternative to the guard dog. Back in 365 BC they saved the Roman Empire from a surprise attack by the Gauls. I don’t think they would sit quietly and submit to having their feathers removed, though I would very much like to see Andrew Marr try it. The British Treasury is due to publish a report in response to the ICB recommendation, and it is expected to support it in full.

Business secretary Vince Cable has already said: “We have accepted the recommendations of the commission. It is absolutely right that we make the British economy safe. We just cannot risk a repetition of the financial catastrophe we had three years ago.

Lloyds Banking Group sells Halifax for 1

Lloyds Banking Group has sold its Halifax estate agency business for just 1 to LSL Property Services. The group has said 1,050 employees will be transferred to LSL after the sale.

However, the move is likely to cause 460 jobs to be lost, 360 of which are said to be full time positions.

Lloyds has been in talks about the changes with its unions, and added compulsory redundancies among counter staff was a “last resort”.

The business has 218 offices, 93 of which are franchise operations, but has continued to make losses despite efforts made by Lloyds Banking Group following the takeover of HBOS a year ago.

All 121 Halifax banking counters located in estate agents are set to close their doors early next year, and later rebranded as one of LSL’s existing brands.

LSL is the parent company of estate agency brands Your Move, Reeds Rains and Intercounty.

Lloyds said the decision to sell Halifax came after carrying out a strategic review, “which concluded that an estate agency operation is no longer integral to its business model”.

David Nicholson, managing director of Halifax Community Bank, said: “Halifax Estate Agency is a well established business and, following a strategic review, we believe that it is better able to grow outside the Group with a strong existing player in the market such as LSL Property Services.”

Ged Nichols, general secretary of union Accord, said: “We will be having early meetings with LSL to discuss their plans for the business and employees’ terms and conditions so that we can provide maximum support for Accord members who will be transferring to LSL’s employment.

Lloyds said all customers with mortgages or other services affected by the counter closures would receive a letter containing details of the changes and be given information regarding alternative locally placed banking facilities. Most of these locations either have a Lloyds TSB or Halifax branch within one mile.

“We have also made our view clear to Lloyds that the staff who currently work in the 121 branches with banking counters should have the opportunity to transfer to nearby bank branches. We believe that there is no need for compulsory redundancies.”

The sale has made LSL the second-largest estate agency operation in Britain. The firm was created after its counterpart Your Move was bought out of Norwich Union in 2004.

Simon Embley, LSL’s chief executive, said: “The purchase of Halifax Estate Agency heralds a significant step forward in the growth of LSL and its associated estate agency businesses. We now look forward to embracing the opportunities that this move presents to us and, at the same time, ensure the high standards and reputation HEA are renowned for are maintained and built upon in the future.”

How You Can Detect Online Banking Trickery

How does the banking service we typically use called online banking service provide information to you by your bank which can cause you to see some misleading account balances? I love the very convenience of online banking, especially the bill pay service. However, you have to be careful about your account balance when you use online bill payment services from your banking institution. Otherwise you may accidentally open yourself up to a bank overdraft and a big hefty fee.

Online Bill Pay Available For Unbanked Consumers
Even if you have been denied the opportunity of having a regular checking account by a bank because of a report of a bad credit score or you have a history of having had too many bounced checks in a past checking account, there are free online bill pay services which are still available through some companies providing these critical banking services. This potentially saves you considerable money on stamps, envelopes and money orders when you take advantage of online bil pay services.

Bank of America Misleading Terminology
With Bank of America online bill pay, the funds are not actually withdrawn from your account until the payee actually cashes the check. In this situation, the Bank of America bill pay system still shows the payment status as “processed”. Now, when I see “processed” I think that that bill is paid and the money has been zapped out from my account. This is not always the actual case. The fact is that just because a bill is showing as “processed” does not mean that the money has truly been withdrawn from your account.

If you have bills showing as “processed” but the payee has not yet cashed the check, then your account balance which is showing is not truly 100% available to you to spend on other needs and make purchases.

Suggestion For Bank of America
It would be better if Bank of America left an uncashed bill payment check in “pending” status until the payee cashes it and funds are truly withdrawn. The terminology that Bank of America uses to describe the status of an online bill payment is the same regardless of whether the check was cashed or not. So, be careful and heed this word of warning. To those of you who like me, value the convenience of online bill pay services, make sure that you are not mislead by the word “processed” when you see it in reference to a check which may or may not have been cashed.

Core Banking Related Articles

A good commercial loans broker can realize their need to assess your use before submitting it to a finance company assuring that hot weather is going to the right lender also it may have a very good chance of finance approval. Extremely automatic be capable to aid in any cash flows, financial information and presenting the job correctly.

Enterprise value multiples use operating statistics which might be before net interest expense and taxes. The reason for this is that the capital structure from the company (simply how much debt vs. equity it’s) should not play a part in how it is valued. Therefore, interest, which would flow to debt investors, is taken out of the equation.

Although many people are attracted to investment banking because in the high pay, the intense lifestyle causes many to depart after just several years. The real windfall of investment banking for some people may be the boost it gives with their career because with the experience they gain.

There are a large amount of companies within the world that start small and in the end grow out to become a powerhouse corporation rich with assets and capital for investing. When companies grow to your sizable corporation, the following big step for them is to enter into investment banking. This sort of investing comes hand in hand with corporation proprietors to help them through the assistance these banks provide.

Would need to an analyst choose about the way to go out of investment banking about the whole and lots of attain their experience might be leveraged to take into positions that is going to be normally require more experience. After all, many analysts wrack up double the amount several in the average workforce and have to be effective their work in an intensity level that is truly one in the highest inside the company world.

Those who are in corporate have a great deal of clients. Therefore, they have lot of responsibilities that involve every one of the aspects of corporate transactions. Growing businesses will benefit in the guidance how the corporate investment banks can bestow with them. At exactly the same time, the center-market companies and large-scale corporations can transact securely with all the assistance of the banks.

Investment banks, in contrast to commercial banks, assist public and personal corporations in raising funds inside Capital Markets (both equity and debt), as well as in providing strategic advisory services for mergers, acquisitions as well as other types of financial transactions.

If the corporation is impressed with all the firm and enthusiastic about pursuing a deal, that will engage the firm to execute the transaction. Depending around the type of transaction as well as the conditions from the market, these transactions will take anywhere from several months to a couple of years to complete. At any point in time, bankers could be working on several pitches and deals all at the same time.

Online Banking With Rbs

With the advent of online banks banking has been simplified and made so user friendly that people can carry out financial transactions from the confines of their homes the only requirement is a computer with internet connection. RBS online banks are the pioneers in this new technology.

With the RBS Online Banking, customers can safely and securely manage their money when it suits them. The Royal Bank of Scotland (RBS) is one of the retail banking subsidiaries of the Royal Bank of Scotland Group plc, and together with NatWest and Ulster Bank, provides branch banking facilities throughout the British Isles.

To support the positioning of the bank as a global financial services player as opposed to its roots as a national bank, Royal Bank of Scotland started to use the RBS initialism in 2006 to move away from referring to both the Group brand and its retail banking brand. The Daisy Wheel logo, an abstract symbol of 4 inward pointing arrows, was adopted by RBS subsidiaries Ulster Bank in Ireland and Citizens Financial Group in the U.S.

As a global financial service for its customers, RBS now has online banking services referred to as Digital Banking. You can do your banking needs anytime, anywhere as long as you have a computer and internet access. Customers can save time when they check up-to-the-minute balances and mini statements, with Digital Banking. You can also stay on top of your finances by having the ability to check your limits and keep track of your spending at any given time of the day, at any given day of the week. Digital Banking also allows you to move your money instantly between RBS accounts any time you need to. You can also settle your bills, make payments, and manage standing orders whenever you like, wherever you may be. You have quick and easy access to your online statements to up to 7 years worth of transaction history. No more rummaging through your files and paperwork at home. You can also access the current bank rates with Digital Banking. Customers can safely do all these and much more online thanks to RBS advanced security systems that provide added protection for your money through free software they provide.

You need to be 16 years of age or over and have an RBS current account, credit card, savings account or loan to sign up for Digital Banking. Learn more about RBS Online Banking by visiting their website.

Impact Of Foreign Trade In Turkish Banking

Corporate Finance: Corporate finance includes a array of areas like debt and equity capital, appropriate capital structures and mergers and acquisitions. Advisory services include sector specialists, who are backed up by several general service teams.

Research: Employees working with the research department provide clients with up-to-date reports on certain parts of interest. Analysts in the research department specialize in a specific business sector or area, thereby developing reports that could be safely distributed to clients. Besides having effective analytical abilities, good analysts working with your research department in need to have effective communicative skills, power to think clearly and offer clear ideas with confidence for the clients.

After successful finishing from the internet banking enrollment process, you’ll be able to get a message welcoming that you M&T net banking and you will need to log on for your web banking account to receive the specified M&T online banking conditions and terms.

Investment banking is among best options for candidates who possess drive, confidence and stamina. It just isn’t meant to the feint of heart, as investment banking requires very a strong personality. Stamina and drive tend to be important, as financial services industry employee work long hours, especially when they need to deal with deadlines. Generally, the running hours of the employee in investment banking ranges between 60 to 70 hours. However, during busy times, working hours may extend from the weekend.

Syndication is really a vital necessity, with attributes like funding certainty, speedy execution, profound knowledge of capital markets, detailed and diligent analysis process. The execution power from the bank might be combined with the developer scheme of things, by working for the project development together. At all stages, transparency must be maintained inside real estate portfolio. Advisory service providers inside field of investment banking initiate and negotiate for joint ventures as well.

In say a simple ‘Market Update’ PowerPoint presentation going out to a client, each company profile (in the client’s competitors/suppliers/customers etc) may only be a one slide summary with a 3 sentence description, 5 numbers/multiples, recent news etc – this super succinct form takes place when say 5-15 competitors are being profiled at once in the basic presentation.

The reality is that this investment markets could possibly be troublesome for any person and many circumstances could lead in your success or failure. Even using the possibility that exists with failure, people carry on and pursue this dream about riches through the desire to locate financial stability and escape through the conventional working environment.

One of my most often asked questions is the place investment bankers decide who gets a deal following a day of interviews. Even if you did everything right, there is not any guarantee you’ll get an offer if your interviewers didn’t as if you.

Add Breeze Banking To Your Life

The Breeze from Stan Chart (also known as the Standard Chartered Bank) has created a new generation online banking platform that is making waves all over Singapore where it was developed!

Available in both Singapore and Malaysia the Standard Chartered Breeze will be available in Hong Kong and India very soon. From there it will extend its reach to the rest of the world. Prepare for the Breeze experience to breeze its way into your town or city and into your very life!

If you have always found it boring, frustrating, stressful, annoying or inconvenient to do your banking then you are ready for the Breeze experience to come into your life! Breeze is available to customers of the Standard Chartered Bank as an internet application or if you prefer, as an iPhone app. Do no fret over the details concerning the Breeze as it will be available as an iPad app as of September 2010 which is not far away at all!

Keep in mind that the reason most people use banking services offered online and through mobile devices is convenience. For instance, business owners or executives who travel can gain access to business accounts anytime day or night and from any country or individual accountholders could handle a bank transaction while vacation on a tropical island. This means that every feature associated with the Standard Chartered Breeze platform has been carefully designed to meet the customer’s wish.

Breeze offers you the opportunity to customise the icons to make them suit your preferences. It comes with a handy wish list functions to help you plan for the things you want most to save for. The wish list also offers a rainy day feature that prepares you financially for emergencies that could crop up. It is also in plain language and has an intuitive interface that is as customer friendly as it could be. For example, it has a See, Move and Manage Your Money section that makes keeping track of your money and managing it the easiest thing in the world.

If you have just started banking online recently then the introduction of Breeze will improve your banking experience 100 percent. In fact once you start using Breeze you will never want to go back to banking any other way or with any other financial institution.

It cannot be emphasized enough that Breeze was created with the customers and users in mind. It takes your greatest needs in terms of banking and makes them a reality. You will not have to endure any more frustration when you use Breeze by the Standard Chartered Bank.

Breeze has an intuitive user friendly and user savvy interface as well as providing you with the unique ability to customise the icons as you see fit. What other banking application can say as much? Breeze is the bomb and it will be on the market very soon!

ChexSystems Banking vs. Consumers

Today, more than 20 million US citizens are living without a bank account. The primary reason is due to ChexSystems’ dominating presence within the consumer banking world. It is estimated that over 80% of all banks and credit unions in the United States, use ChexSystems to verify new customer accounts. Most individuals listed in the ChexSystems database were reported due to mishandling of their checking accounts, while the rest were attributed to abuse, fraud, or errors.

Within recent years, many websites have sprung up on the internet offering help for people listed on ChexSystems. Services vary among these sites, ranging from free information to paid memberships. No matter where you turn, there are countless numbers of “victims” venting their frustrations through the use of public forums and message boards.

Most of the frustrations shown by “victims” of ChexSystems seem justified, but even then there are always two sides to every story. Most “victims” feel that 5 years of being “blacklisted” is punishment beyond justification. And if reported in error, even worse a punishment. In addition, many have complained that the banks give no breaks when it comes to consumer mistakes, but are quick to cover up their mistakes when the banks are at fault. Banks, on the other hand, justify using ChexSystems to protect their assets.

Either way you look at it, ChexSystems is a much needed organization in the banking industry. Without ChexSystems, banks would go bankrupt without this type of asset protection against con-artists and account abusers.

The real question is how fair is the punishment for the consumers who innocently have fallen into tough financial situations, and as a result defaulted on their bank account. Is it fair to “blacklist” all consumers the same way regardless of their banking history? These are just a few of the questions that need answering before any proper reforms can be reached.

Profitable Banking Partner For Personal, Private And Corporate Banking

There are different kinds of customers, who need different kind of banking support. No wonder, they are treated differently. Personal, private and corporate banking are a major subset of banking services that offer different features and benefits. So, a strategic banking service understands their needs to offer the required financial services accordingly.

There are large numbers of people, who need basic yet efficient banking support. This personal banking service is also known as retail banking. The services offered include basic saving accounts, fixed deposits, recurring deposits, credit and debit cards and mortgages. Individuals may need loans for purchasing a home, plot, car, etc. Personal banking includes major mass scale banking services, which have expanded in recent years to include net-banking, phone-banking, SMS-banking, bill payments, mobile banking, etc.

Private banking is a type of banking service, where specific and customized banking, finance and investment products and services are created for people, who invest large amount of funds. Public and private sector banks hire wealth management experts to cater to the needs of these high net worth individuals. Due to the extensive amount of investment, they receive exclusive investment advice, unique access to conventional and alternative investment options. The primary objective of private banking is to ensure growing the assets, provide required and specialized finance solutions, maintain the needed liquidity, etc.

Corporate banking is a different ball game altogether with thousands and thousands of daily transactions and customized requirements such as custom-made banking solutions. Corporate banking is the branch of a bank that caters to major corporations only. From needed project finance, banking advisory services or business loans to insurance solutions for all employees, a bank must cater to all requirements, which would alter substantially over time. For example: Today your client is discussing merger with another corporation, so the company needs a financial advisory for that. Later on, client may need a taxation advice, strategy to protect assets, corporate brokerage services, etc.

Major nationalized and private sector banks offer these services to the required people. However, the quality of the service varies with every bank. Some banks emphasize on the personal touch while others offer technological expertise. Some banks provide 24X7 assistance while others offer great financial support through unique products. Though, most companies and individuals may want it all, you should opt for the bank that specializes in products that serves your needs best.