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
  • WANTED: Wells Fargo & Bank Whistleblowers

    … and more will feel empowered and ready to blow the whistle. For years we have been saying that companies need to start listening to employees. Denying bathroom breaks to a bank employee who alerted management about identity theft and accounts being opened without he customer’s permission? Those actions are what turn conscientious employees…

    Due Diligence- 39 readers -
  • Think Glink

    … lots of inside information. He was first employed by Allied in 1998 and he was a very successful branch manager. He built branches in Massachusetts, Rhode Island, Missouri, West Virginia and Arizona – and was one of their largest producers in the company. HUD passed a regulation in 2000 that said lenders – banks or nonbank lenders like Allied…

    Due Diligence- 34 readers -
  • Guaranty Bank – FDIC Closure and Whistleblower Post

    … on for years. Whistleblower Awards for Bank Fraud or Misconduct In 1989, Congress passed the Financial Institutions Reform, Recovery and Enforcement Act – FIRREA for short. When originally passed, Congress hoped the law would be used to prosecute small town bankers who frequently used the bank as their own personal piggy bank. Bad loans were rampant…

    Due Diligence- 34 readers -
  • Wells Fargo Hits a New Low (Bank Whistleblower Post)

    … 2012 Wells Fargo was one of five large mortgage servicers that agreed to pay a total of $25 billion to settle claims of wrongful foreclosures. Wells Fargo’s share was $5.35 billion. One year later, the New York Attorney General sues after claiming the state received a “significant number of complaints regarding…flagrant violations…

    Due Diligence- 34 readers -
  • PNC Pays Mortgage Loan Officers $16M – Overtime Lawsuit

    … end of the Great Depression, the law still has teeth. Unfortunately, outside sales reps and certain professionals are exempt. Are mortgage loan officers exempt? Probably not. A series of recent cases suggests that private bankers and mortgage loan officers are not exempt. That means they qualify for overtime pay. Are you required to give out…

    Due Diligence- 28 readers -
  • What Are White-Collar Crimes?

    …, white-collar crimes often involve the theft of tens of thousands of dollars. Some of the most common white-collar crimes include: Embezzlement Fraud Identity theft Taking a closer look at the definition of these offenses can shed some insight into white-collar crimes. Embezzlement Embezzlement is a crime which involves the misappropriation…

    Matthew Sharp/ The Law Office of Matthew D. Sharp- 27 readers -
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