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
  • Your Child’s Trust Fund and What They Should Know

    … at least ten percent. Does your child want an expensive item? Maybe they have been dreaming of a new video game console or a drone. Having them save up to purchase “big ticket” items is an excellent way to teach them the value of saving. Even better, if your child wants a new mobile device, have them pay the monthly bill. This is an excellent…

    The Law Office of Jeremy Howe- 10 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

    …. Quicken Loans and Commissions Why would Quicken put people in homes they can’t afford? Commissions. Quicken is not a bank. They make home loans but do not keep those loans. Immediately after the loan closes, Quicken sells those loans. Institutional investors won’t buy the loans, however, unless they are insured. Agencies like the FHA, Fannie Mae…

    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- 33 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- 16 readers -
  • Hackers Hijack Banrisul Bank? Cyberhacking Post

    …. Congress passed the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) in 1989. That law was originally used to prosecute bankers and outside parties who caused widespread failure within the U.S. savings and loan industry. After the financial meltdown of 2008, the law was expanded to allow prosecutions of the banks themselves…

    Due Diligence- 21 readers -
  • The Duties of a Successor Trustee

    … with the provisions in the trust document and always adhere to them. Management of Assets A successor trustee will be responsible for managing all trust accounts, including investments, bank accounts, taxes, and more. It is critical that the trustee never commingles trust assets with his or her own assets, and all investments should be prudent… 12 readers -
  • ING Bank Subject to Dutch, SEC Probe – Whistleblower Opportunity

    … and Dutch anti-money laundering laws (“AML”) require banks to report suspicious transactions. Because banks process tens of millions of transactions each day, they have the best ability to spot suspicious transactions. Under the US Bank Secrecy Act, banks must immediately report these transactions. If they fail to do so, both the bank and the person making…

    Due Diligence- 18 readers -
  • A Banking Nightmare That Only Insiders Will Believe – Whistleblower Post

    … The story you are about to read is true. I originally posted this tale on our sister blog, Banking Misconduct. After hearing from several bank employees, I decided to repurpose the story and share with would be whistleblowers. It details just how bad things can get when big banks set up their employees (and customers) for failure. We hope…

    Due Diligence- 10 readers -
  • False Claims Act 101 – Intervened Cases vs Declined Cases

    … that wouldn’t ignite. President Abraham Lincoln and Congress had the ingenious idea to allow private citizens to file claims on behalf of the United States. The government then had the opportunity to either take over the case (intervene) or allow the whistleblower’s lawyer to continue the prosecute. Fast forward to the 21st century and this system has…

    Due Diligence- 11 readers -
  • Fairness in Class Actions Bill Anything But…

    … of the Chamber’s lobbying arm are the very companies that have been successfully prosecuted by the government. Companies like Bank of America, Pfizer, Boeing. Because these companies are the primary funders of the Chamber’s legislative and lobbying agenda, they get to set that agenda. In other words, the people that write the checks get to set…

    Due Diligence- 8 readers -
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