Francis Bond Head

Although the Bank has an established process for compiling and reporting CRA data, which includes an industry-known system (CRAWiz), the spreadsheet used for collecting loan data does not always contain accurate information. Review of 25 CRA loans identified two loans with the following exceptions: (a) One loan was reported in the CRA data collection spreadsheet that the borrower's gross annual revenue ("GAR") was $76,865; however, the loan file indicated that it should be $74,865. (b)…

My Story The career I desire to pursue in the future is the personal financial advisor. I like Math and solving the problem since I was in the high school. Fortunately, these subjects are the fundamental of financial. Nowadays, many people can’t or prefer not to understand their finances. Thus, I want to help them make the decisions and increase the profit for them. Career Information Day by day, the personal financial advisor has many duties such as meeting with clients in person to…

Option 1: Community First Credit Union provides an unsecured personal loan that is suitable for my friend. This credit union has the second-lowest advertised rate out of the three short-listed loans I have chosen. This is a positive aspect as this means that only 6.12% of the total amount will be charged yearly as interest. Although, Community First has an application fee of $195 to acquire a loan but there are no other costs that other money lenders charge such as upfront, documentation,…

The root of our problem is originated at the point when Reagan deregulated the banks. Reagan had entered office in 1981. During the year of 1982 he had signed the Garn–St. Germain Depository Institutions Act of 1982. Before this act had taken place there was a ceiling on interest rates that the banks could not pass. These interest rates were the profit margins for banks and this was how they were making their money. This act also authorized banks to have the ability to make commercial loans and…

After the crash of 1929, there was a need for an act that would limit the use of bank credit for speculation and to direct bank credit into what more fruitful uses, such as industry, commerce, and agriculture. In response to these concerns, the main requirement of the Banking Act of 1933 was to separate commercial banking from investment banking. Basically, commercial banks, which took in deposits and made loans, were no longer allowed to finance or deal in securities , while investment banks,…

Mr.Wilkinson Assigned us (his Caledonia Careers Class) a project called the ‘Stock Market’ Project. He gave us each $5,000 (Fake of course) to buy stocks (also fake but we still used the real numbers) and to see how much we could make from spending as much of the fake $5,000 as we could. We made a spreadsheet to keep track of the money we earned for each stock we bought and we had to keep track of it every week. We bought a minimum of four stocks each to keep track of. We all had to see whether…

If you are currently in the middle of a personal injury lawsuit and you believe you are going to get a settlement or win your case in the future, but are a little short on cash right now, you should steer clear of a taking out a lawsuit loan. Here are the top three reasons you should avoid a lawsuit loan. #1 It Is Incredibly Risky Unless the ink is already drying on your settlement, you should not take out lawsuit loan because it is incredibly risky. You are essentially taking out a loan based…

Investment Strategy Diversify two stocks per industry to dampen the effects of industry specific crashes, while still maintaining a substantial amount of capital within each industry to benefit from industry specific rises. Our investment strategy would focus solely on capital growth, as such, the three industries of interest would be the Financial, Telecom Services, and Utilities sector as they are currently the top performing sectors with around +60% companies up 0% - 2%. TELECOM SERVICES 1.…

The role of finance in a healthcare setting includes, both the functions of accounting and finance management. This includes many functions including the measurement of events that reflect resources and operations; as well as the concepts and theories necessary to help managers overcome their goals. In our facility Health Care INC. our primary role of finance is to plan for, obtain, and make use of resources that can help you increase the productivity and value of the healthcare facility. The…

One of the more well-known users of Special Purpose Entity (SPEs) was Goldman Sachs. According to Times Magazine (2012). Sachs was also penalized roughly over $500 million by the Securities and Exchange Commission (SEC) for concealing the truth about the collection of mortgages to the investors. The biggest problem was this enabled banks to give the impression to regulators and investors that all of the risk of the mortgages was removed off their books. This included loss ratios on low-key…