Offshore bank

stockpile their services in a warehouse somewhere, then do a mass sale when they get orders. Bank of America doesn’t manufacture accounts in some factory and sell it to customers when someone wants to open an account. Perishability means that the service capacity cannot be stored, it can only be provided at a given moment in time or else it vanishes. Technology plays a big role in the perishability of services, Bank of America provides money which some might think it’s a product rather than…

However, many banks find themselves caught in a difficult position when attempting to address or prevent abuse. For instance, when the bank blocks the transaction, the person acting under the POA may then sue the bank because the additional costs of the estate have diminished the inheritance. Or in some cases, the Attorney may respond to attempts by a financial institution to block inappropriate transactions by simply transferring the account to another institution that may not be aware of the…

A huge negative impact caused by computers is cyber theft. Many banks have been subjected to many cyber thieves accross the world. When you think of a bank robber, you would think of someone stealing a few thousand dollars by going to a bank with a gun and demanding money. That is nothing compared to cyber theives. A group of cyber thieves stole 300 million to 1 billion dollars, from 30 banks accross the world, in just two years (securityweek.com). Thousands of people across the…

The finance and health sectors are often compared to one another. Both provide important services and are highly regulated. Physicians and financial advisers also play similar roles in guiding clients through numerous products and decisions, so that debt and disease may be avoided. Where the two sectors differ is with their use of technology. IT systems have revolutionized financial services, and as a result, the banking industry has saved billions of dollars while offering consumers numerous…

I walked into the People’s Bank at 9:50 am. The outside and lobby was clean and well organized. A Teller said good morning can I help you. I walked over to the Teller and asked to talk to someone about opening an account. She said that I could have a seat and she would get someone for me to talk to. I sat down and the Teller passed by me and asked the ladies in the office one of them could meet with me. The Teller came to me and said that Gwen would be with me shortly, would you like any…

Cards”). If you do not understand that then something 's wrong, but who knows maybe you’ll figure it out one day when you have kids. The worst thing that could happen is not paying the bill and getting sued for all the money you did not pay to the banks back, but if you stay on top of your game…

Moment for the $100 Trillion Global Bond Bubble? Most economies have barely recovered from the 2008 subprime mortgage fiasco that was caused by sloppy lending practices at banks, overextended them and compromised essential liquidity to pay their own debts. Investopedia.com reports that Lehman Borothers, the fourth-largest investment bank in the United States, was forced to declare bankruptcy with $619 billion in debt versus $639 billion in assets in 2008. A vast number of defaults caused this…

industry was tightly regulated. Most of the regular banks were local businesses. And they were prohibited from speculating depositor’s savings. Investment banks, which handle stocks and bond trading were small private partnerships. Traditionally the partners put the money up and watched the money very carefully. They wanted to live well, but they didn’t want to bet everything on anything. In the 1980s, the financial industry exploded. The investment banks went public, which gave them large…

Colorado has legalized growing, selling and consuming Marijuana. But what you might not know is that the marijuana industry has been blocked out of the banking industry. The reason these banks will not take the marijuana industry’s money is because it is still federally illegal to do anything with marijuana and the banks fear being raided or shut down by the DEA or Drug Enforcement Agency due taking “drug money”. This had lead to many problems in the industry from making it very hard to start…

rate to be influenced by foreign-exchange market mechanism. This is determined by the demand supply of that particular currency (Economics.help, 2012). Arnold (2010) states that the fixed exchange rate is the opposite, as the government or central bank decides the official exchange rate to another country’s currency, this is done to sustain the value of he currency. This also allows the government to keep low inflation which means low interest rates and rise in trade and investment. In 2015, the…