Project Part 1 Task 1: Outline Security Policy First World Bank Savings and Loan; a financial institution that offers banking services (loans and deposits). The bank would like to provide online banking services to the customers, which includes online credit card use for loan applications. Recommendations are based on such factors as: ownership total cost, scalability, and reliability. Decisions and recommendations made need to be appropriate from the CIA triad perspective. My team’s…
When you accept professional advice on how to invest, save, and grow your hard-earned money, you have certain expectations from your financial advisor: expertise, professionalism, ethics, and independent, sound financial advice. If you're not working with a Fee-Only Financial Advisor, you may not be getting what you bargained for. Why? According to the Bureau of Labor Statistics, in 2008 there were over 208,000 financial advisors in the United States, with that number expected to rise to…
future? You already know that being a credit union member is different than being the customer of a bank. You also know that it’s not just about semantics, members of credit unions OWN those credit unions. And that’s a whole different story from banks, where customers not only don’t own it (just a few shareholders pocketing all the profits, but more on that in a moment), sometimes it even feels like the bank kind of owns YOU! Yet there’s more to it than ownership. Here’s why: Credit unions, by…
Article Write-Ups De Mesa Graziano (2005) research titled “Revenue Recognition: A Perennial Problem” about the topic of revenue recognition being the regulators and standard-setter’s, as well as financial statement users and preparers major priority (p.28). De Mesa Graziano mentioned Colleen Cunningham, FEI president and CEO identification of revenue recognition being the 2005 third of top 10 financial reporting issues, Financial Accounting Standards Advisory Council (FASAC, 2004) member’s…
3.0 Background 1. What is credit card debt? It is an unsecured financial obligation to one or more banks or companies that issue consumer credit cards, resulting from purchases or advances using the card that have not yet been paid back. No collateral is required for credit card borrowing, but interest rates tend to be higher than for other types of loan, and severe late payment penalties may apply. While, technically, all purchases made by credit card create a debt to the user, these debts…
recommending financial reforms, and despite limits to its powers that include not being empowered to set interest caps on lending rates, the agency has arbitrarily recommended a 36 APR limit. Knowledgeable experts in finance--including those of the major banks--insist that this limit is impractical and unprofitable for companies that want to offer short-term or payday-type loans. If this kind of lending becomes unprofitable or is simply banned, what might…
a rating system based on Professor Corcoran’s thoughts I would say that banks becoming greedy was the main reason for the crisis. The banks rolled the dice to “raise their leverage levels to unprecedented highs, based on the premise that higher leverage necessarily improved returns” ("Systemic Risk," 2009, p. 2). The second reason is that the global financial government had too many moving parts. This…
Please consider this my formal application for the position of Director of the Royal Canadian Mint. I am an internationally successful and digitally literate business leader and lawyer. I have been an officer, director, and advisor to private businesses and/or public companies in Canada, the United States, England, and Australia. I am a member of the Institute of Corporate Directors as well as the American Bar Association Business Section, Cyber Law and Governance Committees. I have the…
Karen Branding currently works as the Senior Vice President of Public Affairs at the Federal Reserve Bank of St. Louis. She has been working at the Federal Reserve Bank since January of 2011. Initially she started out her career with a Bachelor’s Degree in Public Administration from Drake University, followed by a Master’s Degree in Public Affairs from Indiana University. Branding also as a Master’s of Business Administration from Washington University in St. Louis’s Olin Business School. She…
UNIT 4 DISCUSSION The demand for money is affected by three factors: Transaction, precautionary, and speculative reasons. 1) Transaction reasons: People demand money for transaction purposes because most transactions involve an exchange of money. Also, people normally demand more money when their incomes are high, or when the GDP is high. Personally, for example, I demand money for transactions such as purchasing groceries, gas, rent, and bills. Each week I have to buy groceries and fill up…