A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank links together customers that have capital deficits and customers with capital surpluses.Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries. Most nations have institutionalised a system known as fractional reserve banking, in which banks hold only a small reserve of the funds deposited and lend out the rest for profit[citation needed].
Posts about Bank
  • What Constitutes Good Faith Negotiations in a New York Foreclosure Case?

    … to the obligation, observance of reasonable commercial standards of fair dealing in the business, and lack of an intent to defraud or seek an unconscionable advantage. A recent case3 out of King’s County—Deutsche Bank Natl. Trust Co. v. Husband (2015)— sheds light on what New York courts consider to be a “good faith” negotiation. In that case…

    Ronald D. Weiss, PC- 10 readers -
  • Your Child’s Trust Fund and What They Should Know

    … some of their savings. These early money lessons will stick with them their entire life and help secure their financial futures. Have a question about your child’s trust or a revocable trust? Looking for more tips on how to educate your children about finances? Check out the Federal Deposit Insurance Corporation’s (FDIC) Money Smart for Young People curriculum. The post Your Child’s Trust Fund and What They Should Know appeared first on . …

    The Law Office of Jeremy Howe- 13 readers -
  • 5 Things You Need to Know About The Estate Planning Process

    … of which will require the owner of the plan to have a beneficiary name attached to the plan. Almost all of your assets are given to a beneficiary. For example; bank accounts, brokerage accounts, those are just a few of the most common. A Trust That is Revocable Another great way to avoid the probate process is to hold a revocable trust, also called…

    The Law Office of Jeremy Howe- 14 readers -
  • The Different Types of White-Collar Crime Laws in Texas

    … taxes. 3. Both individuals, corporations, and other organizations may be found guilty of tax evasion. Money laundering describes the act of “transforming” illegally-gotten money into “clean,” or legitimate, funds: 1. The money is often deposited in a broker-dealer account or at a bank. 2. The funds are separated from the origin through a series…

    The Law Office of Matthew D. Sharp- 9 readers -
  • Murder Laws in Texas: Types, Degrees, and Punishments

    … example of felony murder. Clyde is in the act of committing a bank robbery when one of the bank guards tries to stop him. Clyde shoots the guard and kills him. Clyde is later charged with first-degree murder. Because Bonnie participated in the bank robbery but didn’t pull the trigger, she was charged with felony murder. The bank guard died at the time…

    The Law Office of Matthew D. Sharp- 12 readers -
  • Whistleblower Suit Against Quicken Loans Proceeds

    … concerning a different loan, Quicken’s FHA Operations Director Jeanette Ahles wrote that she had “done all I can with this income,” further stating that she “gave a little OT [overtime],” but that it was “still not enough to qualify.” Ultimately, Quicken approved and endorsed both loans for FHA insurance. [Lyon can be seen in this YouTube video…

    Due Diligence- 19 readers -
  • Guaranty Bank – FDIC Closure and Whistleblower Post

    … Another bank closed its doors today. Guaranty Bank, based in Glendale, Wisconsin, is no more. At precisely 5:00 pm, regulators closed the bank. With 119 branches in 5 states, only 12 will reopen in the morning. The rest are gone for good. Guaranty Bank’s woes began shortly after the real estate market crashed in 2008. Within a year of the crash…

    Due Diligence- 34 readers -
  • Stealing from the Dead – Accounting Malpractice Post

    …, the masterminds of the scheme were Clayton Smart and Mark Singer. Our story begins in 2003 when all the cemeteries were owned by Michigan lawyer Craig Bush. In 2003, Bush was befriended by a financial advisor named Mark Singer. In those days, Singer worked for Deutsche Bank. Most of the cemeteries had large trust funds each holding millions of dollars…

    Due Diligence- 17 readers -
  • Hackers Hijack Banrisul Bank? Cyberhacking Post

    … Occasionally we report on cybersecurity and cyberhacking incidents involving banks and defense contractors. Because we represent whistleblowers and help them get cash awards, reporting these stories is a way to reach those with information. Although some of the stories we have reported have involved millions of dollars of lost funds, none has…

    Due Diligence- 23 readers -
  • The Duties of a Successor Trustee

    … trustee has the duty to act with loyalty to the trust and its beneficiaries, to never favor any beneficiaries over others, to not act in self-interest, to act with prudence, and to fulfill other fiduciary duties. Contact an Experienced St. Louis and St. Charles Estate Planning Attorney Today If you want to discuss forming a trust or amending a trust… 13 readers -
  • ING Bank Subject to Dutch, SEC Probe – Whistleblower Opportunity

    … Where there is smoke, there is often fire. We have all heard that adage and its usually true. Netherlands based ING disclosed that it is being investigated by both Dutch and American authorities. According to a recently filed SEC disclosure, “ING Bank is the subject of criminal investigations by Dutch authorities regarding various requirements…

    Due Diligence- 19 readers -
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