|
Tuesday, 23 December 2008 |
By Roberto Garabell
 The meaning of a bank differ from country to country. Under English law, a bank is defined as a person who convey on the trade of banking, which is specified as:
perform current accounts for his patrons
forfeit cheques drawn on him, and balance
collecting cheques for his customers.
A banker or bank is a financial institution that undertaking as a compensation agent for customers, and make use of and lends money. In some countries such as Germany, banks are the primary proprietor of industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies. In Japan, banks are usually the nexus of transverse share holding entity known as zaibatu.
Banks act as payment agents by handling checking or present accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques consign to customers' current accounts. Banks also allow customer payments via other payment technique such as telegraphic transfer, EFTPOS, and ATM.
Banks borrow money by accepting funds deposited on current account, accepting term deposits and |
|
Last Updated ( Tuesday, 23 December 2008 )
|
|
Read more...
|
|
Monday, 22 December 2008 |
By Chris310
 Stock market trading in the United States can be traced back to over 200 years ago. Despite times of Market Crash (e.g., Oct 1929) and loss of money, this system still holds the distinction of being able to make you a lot of money over the long term; Baron Rothschild of the Rothschild Family (international banking and finance dynasty) stated in 1871, buy when theres blood in the streets. This simply means that you can buy some REAL ASSETS at bargain pennies on the dollar prices when everyone else is dumping their shares. Just look at the stock market today; theres blood in the streets.
On October 29, 1929, a day infamously known as Black Tuesday, the United States Stock Market crashed. On that day alone, a record sixteen million shares were traded and thirty billion dollars were lost. The value of DuPont fell seventy points and Westinghouse lost two-thirds of its September value; the Era of Get Rich Quick and fast money had come to an abrupt and screeching halt.
During the Great Depression (1929 -1941), the value of stock |
|
Last Updated ( Monday, 22 December 2008 )
|
|
Read more...
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
| Results 22 - 28 of 328 |
