Bank secrecy

the survey results do add value to the theory that cyber-crime is underreported and public image is important to financial industry. This article would be useful for a literature review on the effects of cyber-hacking of US financial institutions/banks on the US…

borrowing during the financial revolution: Hoare’s Bank and its customers, 1702 – 24 by Temin and Voth with Joint Stock Companies by Carlos, the similarities between the development of the banking system and joint stock companies and their interconnectedness are evident. The early English banking system developed from goldsmiths and merchants. Small partnerships consisting of a few insiders were then formed and resembled modern deposit banks. The banks began to realize that they could loan…

Wells Fargo is one of the major banks that provide various financial services to customers both in and out of the United States. It is also an organization that satisfies Swales’ (2010, pp. 466-479) six criteria for discourse community from various aspects. Wells Fargo shapes its company culture to two major criteria, they are the culture of caring and the culture of “One Wells Fargo” (Wells Fargo, n.d.). It embeds its culture into its daily operation and customer service. Its beliefs and…

the need to provide financial support to banks and other budgetary intermediaries that may encounter difficulties because of poor or fraudulent investments.” (Barrell 12) When banks fail, taxpayers usually provide financial backing, so having strict regulations, such as dodd-frank, potentially make US major financial markets strong enough to withstand both system-wide stress and the failure of one or more large institutions. This reduces the risk of banks failing, and reduces the taxpayer 's…

are the major funding sources. The system is more volatile caused by the complicated mechanisms of shadow bank. By looking at the complicated shadow credit risk, first start with the wealth management products (WMPs). It is an alternative account to saving accounts with high interest rate. The reason of the higher rates for WMPs is because of the risk bank loans. These loans do not hold by banks on their balance sheets, instead these investment products (WMPs) are created by trust companies.…

This had a widespread repercussion on the entire financial markets at large. C-M-O were the securities that were backed up by mortgages that were issued by the investment financial institutions such as banks. However, these financial institutions were then not part and parcel of the commercial bank system. Therefore, with the falling value of the mortgage had a ripple effect on the value of securities, which in this respect fell. Besides, the issue of financial crisis was furthered by…

together with the increased use of Internet. However, its effect on the use of banking accounts is still an underexplored question. The majority of studies can be divided into three groups. The first group investigates the necessary conditions for bank customers to start using Internet banking. Based on surveys, Al-Rfou (2013) reveals that customers tend not to use the service even if they have it provided. Complexity of usage, low privacy and bad quality of Internet connection are the…

globally. It resulted from the factors discussed below. The banks made the money too…

1989) define the bank as a person which carries on banking business. A bank is a financial intermediary which accepts deposits and channels those deposits into lending activities. The lending activities can be carried out either directly or through capital markets. Bank act as payment agents by conducting and checking current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customer’s current accounts. In other word, bank is a financial…

1.Introduction There are several factors that determine bank is special as a financial institution nowadays.1. Based on the definition, bank is a financial institution that involve some banking services/products such as deposits, loans and electronic transfers etc. And its financial operation is based on currency. In addition, 2.Banks have been developed for hundreds of years, it plays an vital role for growth of economy, especially for the scale of economies. Apart from that, differ from other…