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16 Mar 2012, 10:39 am
Because of its constant and prolific participation in FAA arbitration, the claimant bank enjoys a clear advantage over the individual employee or customer. [read post]
16 Mar 2012, 7:17 am
To gain clarity on the auditing standard’s replacement and its alternatives, it helps for service providers and their customers to understand what went on behind the scenes that caused in this change. [read post]
16 Mar 2012, 6:48 am
The core idea of Yunus’ Grameen Bank was the borrower group. [read post]
16 Mar 2012, 6:11 am
Trading was always part of Goldman (and all of Wall Street), the counterpoint to investment banking. [read post]
15 Mar 2012, 4:10 pm
It is the kind of attitude that many who are familiar with Wall Street banks have criticized as endemic to Wall Street culture--and one that was revealed even more starkly by the resignation from Goldman of a star banker who publicly criticized the current culture at Goldman that believes in profits for the firm at the sacrifice of the good of the customer. [read post]
15 Mar 2012, 3:18 pm
Trading was always part of Goldman (and all of Wall Street), the counterpoint to investment banking. [read post]
15 Mar 2012, 10:20 am
The agreement was part of a $25-billion settlement between the five largest providers of mortgage customer service, federal authorities and the attorneys general of every state except Oklahoma. [read post]
15 Mar 2012, 5:42 am
Wu’s job was to help rich Standard Chartered customers manage their money. [read post]
14 Mar 2012, 11:35 pm
This forum, namely, that of a civil court, now stands replaced by a Banking Tribunal in respect to of the debts due to the bank. [read post]
14 Mar 2012, 9:10 am
Indeed, in a world where customers do not any longer hold the physical stock certificates, how can it be done any other way? [read post]
14 Mar 2012, 8:42 am
When a customer doesn’t pay her debts to a bank or credit card company, the company will often sell the customer’s debts to a collection agency. [read post]
14 Mar 2012, 7:58 am
Fisher, told Bloomberg Press that the firm “invested customer segregated money in a U.S. government money market fund in the strongest bank in the world, JP Morgan. [read post]
14 Mar 2012, 7:37 am
Mortgage companies are becoming flexible to make reasonable concessions required to keep good customers in their primary residences. [read post]
14 Mar 2012, 7:24 am
These broker-dealers lack the resources of a large investment banking firm and they are reluctant to incur the cost of outside service providers because the cost cannot typically be recovered if the placement is unsuccessful, as is often the case. [read post]
14 Mar 2012, 6:54 am
Overzealous banks that forget their fundamental, underlying responsibility: to safely hold onto their customers’ money. [read post]
13 Mar 2012, 1:41 pm
Although the bank promised its customers the best rate to the day, it allegedly provided these customers the worst rate of the day and pocketed the difference. [read post]
13 Mar 2012, 1:13 pm
When the criminals are successful, the customer of the bank naturally asks the bank to make them whole and if the bank declines, litigation often ensues. [read post]
13 Mar 2012, 11:02 am
You Didn’t Report Your Offshore Account If you have an offshore account, know that the IRS can assess severe penalties for any failure to report foreign bank accounts. 7. [read post]
12 Mar 2012, 1:44 pm
This exception would apply only if the operator and associated persons receive no compensation in connection with the purchase or sale of securities, do not take possession of customer funds and have not been subject to a “bad boy” disqualification from a self-regulatory organization such as FINRA. [read post]
12 Mar 2012, 6:20 am
Incidentally, look around for a bank where you can establish a relationship with the bank manager. [read post]