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Cautivante John Eldredge Scargar 19 Utorrent Full Ebook [epub] Rar







































N/A! "Put not your trust in money, but put your money in trust." -Maimonides. Banks are often seen as institutions that are “immoral” or “greedy.” Bankers are usually thought of as opportunistic people who will stop at nothing to make a profit. But what really goes on behind closed doors? Read on to find out more about the world of banking and take into account all the positive aspects that banks have to offer. Upon reading this article you will learn: \t-What it means to be a banker, and the various roles within the industry. \t-The importance of banks in every country and the overall economy. \t-What banks do to prevent corruption, and how they’re always trying to protect the interests of society.Defining banking: Banking is an institution that facilitates savings and investments by providing a mechanism for lending, receiving deposits, transferring funds between accounts, issuing guarantees and letters of credit and managing currency and interest rates. It involves the extension of credit where liabilities are denominated in a currency different than that of savings held to cover such liabilities. Banks reduce risks because they take on the attributes of both borrower and lender for their customers. Banking is an ancient practice dating back to around 5000 B.C.. The first recorded banking was in 600 B.C. when King Servius Tullius created "sullepipes", or “little sacks” which, as the name suggests, contained small coins for making small payments. The first recorded banking in the United States took place in 1781 when Alexander Hamilton established the Bank of New York under a charter granted by the Continental Congress. By 1850 there were over 200 banks total, with more than 14,000 branches. The last 50 years have seen widespread consolidation within the industry through mergers and acquisitions among banks looking for higher profits and greater economies of scale through increased market share, including both domestic and international transactions. In the modern banking industry, there are a variety of roles ranging from the CEO to tellers and those in charge of processing transactions. Those involved in risk management have a very important job and concern themselves with how much money has been lent and to whom. It is their responsibility to take money from profitable desks, like lending, and put that into other areas that take on greater risk – investing – but can earn much higher returns. Michael Corbat, the CEO of Citigroup is an example of one such person who has been very successful at managing such tasks. The Chief Compliance Officer (CCO) functions like an internal auditor for the bank. They are responsible for making sure that the bank is not running afoul of rules and regulations. For example, they will look at different parts of the business to ensure that there are no conflicts of interests, that the sales force is not being bribed or that they aren’t being pressured by any means to sell a certain product. The CCO will ensure that all employees of a bank understand what is acceptable and what isn’t. The Chief Risk Officer (CRO) is also important as he or she makes sure all of those involved in risk management follow protocol and adhere to legal standards. cfa1e77820

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