...Technology and Banking Services The introduction of Information Technology services by the banks has positively impacted on the customers and has brought revolution in the operation of the banks. Technological facilities like ATMs, Mobile Money, Branch Network, Telephone Banking, Internet Banking etc have introduced by banks for the customers. The explosion of technology is changing the banking industry from paper to Internet and branch banks to digitized and networked banking services. It has already changed the internal accounting and management systems of banks. It is now fundamentally changing the delivery systems banks use to interact with their customers. All over the world, banks are still struggling to find a technological solution to meet the challenges of a rapidly-changing environment. It is clear that this new technology is changing the banking industry forever. Banks with the ability to invest and integrate information technology will become dominate in the highly competitive global market. Bankers are convinced that investing in IT is critical. Its potential and consequences on the banking industry future is enormous. Computers are getting more sophisticated. So Computers have given banks a potential they could only dream about and have given bank customers high expectations. The changes that new...
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...Bangladesh Liberation War, 1971 By: Alburuj Razzaq Rahman th 9 Grade, Metro High School, Columbus, Ohio The Bangladesh Liberation War in 1971 was for independence from Pakistan. India and Pakistan got independence from the British rule in 1947. Pakistan was formed for the Muslims and India had a majority of Hindus. Pakistan had two parts, East and West, which were separated by about 1,000 miles. East Pakistan was mainly the eastern part of the province of Bengal. The capital of Pakistan was Karachi in West Pakistan and was moved to Islamabad in 1958. However, due to discrimination in economy and ruling powers against them, the East Pakistanis vigorously protested and declared independence on March 26, 1971 under the leadership of Sheikh Mujibur Rahman. But during the year prior to that, to suppress the unrest in East Pakistan, the Pakistani government sent troops to East Pakistan and unleashed a massacre. And thus, the war for liberation commenced. The Reasons for war Both East and West Pakistan remained united because of their religion, Islam. West Pakistan had 97% Muslims and East Pakistanis had 85% Muslims. However, there were several significant reasons that caused the East Pakistani people to fight for their independence. West Pakistan had four provinces: Punjab, Sindh, Balochistan, and the North-West Frontier. The fifth province was East Pakistan. Having control over the provinces, the West used up more resources than the East. Between 1948 and 1960, East Pakistan made 70%...
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...various human activities. Despite the Internet being an indispensable tool of human living, it can also be a double edge sword. The purpose of this essay is to examine how the internet brings about benefits which at the same time harm us. With endless factors available for discussion, this essay will focus on its impact on banking, politics and society to surface the double-edged nature of the Internet. Physical transaction time and fear of theft are some of the common worries among the users of our traditional banking system. However, by incorporating the Internet with banking, all of these doubts can be removed with just one click of a button. Banking services are accessible in any location with internet connection. One no longer needs to adhere to the bank’s operating hours as it turns twenty-four hours. In addition, users can enjoy higher transaction efficiency through e-banking. On the other hand, these advantages have unintentionally created a perfect landscape for lawlessness. Personal information is being exposed to virtual theft. These cybercriminals can cause various damages with little trace of evidence left. Furthermore, once the bank server fails, users are left helpless. In the worst case scenario where companies require immediate funding, this could result in extensive monetary losses. Thus the efficiency of Internet banking solely depends on the individual understanding of the particular internet function of each bank. In the recent General and Presidential Elections...
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...IBPS clerk interview best successful tips: all questions answered. Tweet Submitted by BeingHuman March 13, 2012 - 40 weeks 8 hours ago IBPS has been one of the most successful organizations in the recent months in giving the Indian job seekers a ray of hope to enter the banks. The public sector banks will be calling up nearly 1 lakh candidates for interview from the list of IBPS clerk passed candidates. The query for IBPS clerk interview pattern and techniques to crack them has been the major concern among the candidates in the recent reports. So, the most effective and best IBPS clerk interview success tips have been bunched up together in this article and presented before the candidates to get most out of the public sector and private sector bank clerical interviews in the coming months. This report has been made up by some of the successful candidates in PO and clerical interviews from the major banks. Lets get into the questions and their definite answers. Query on how should I present myself in front of the judging panel? Ans: You should be correct on time and keep an eye on your documents that they are properly stacked according to preference or not. It shows a disciplined character of the candidate towards the panel. Dress up in formals and keep hairs and nails neat and clean. When you are to enter the room, ask for permission in a calm yet confident tone. And ask if you can seat when you go in front of them, sit when they ask you to sit. Calmly be firm and straight...
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...Current financial crisis Economic growth involves metamorphosis of the financial system. Forms of banks and bank money change. These changes, if not addressed, leave the banking system vulnerable to crisis. There is no greater challenge in economics than to understand and prevent financial crises. The financial crisis of 2007-2008 provides the opportunity to reassess our understanding of crises. All financial crises are at root bank runs, because bank debt—of all forms—is vulnerable to sudden exit by bank debt holders. The current crisis raises issues for crisis theory. And, empirically, studying crises is challenging because of small samples and incomplete data. *Written as a contribution for Trade, Globalization and Development: Essays in Honor of Kalyan Sanyal, edited by Sugata Marjit and Rajat Acharya (Springer Verlag; forthcoming). Some of this essay draws from material in my book Misunderstanding Financial Crises (Oxford University Press; forthcoming November 2012). I worked at AIG Financial Products as a consultant from 1996-2008. I thank Doug Diamond, Bengt Holmström, Arvind Krishnamurthy, and Guillermo Ordoňez for comments.1 1. Introduction Economic development does not result in the elimination of financial crises. The recent financial crisis of 2007-2009 in the United States and Europe shows that market economies, however much they grow and change, are still susceptible to collapse or near-collapse from financial crisis. This is a staggering thought...
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...Review Essay In Canada recession was less severe and they face no banking failure due to the size and diversification in their large institution has maintained their stability. New Entrant was limited by Canadian government and I exchange chartered bank with provide them financial stability, in Canada focuses on banking sector that’s why brokers dealers and security market remain much at smaller .The banking system of branch was oliogiopolisty that imply the system which has limited supply of banking services and cost as compared to their competitors . In our previous work (Bordo et al., 1994) we analyzed that the Canadian banking is not categorized in higher cost as compared to US. The banking of Canada same returns on equity and largely used MMMFSs After 1987 they became a vital part of Canada banking, at that time government had given them permission to create MMMFs and half of total MMMFs are kept at bank which means that they are within the banking system. According to (Byung kyong & Niamh Sheridan,2012) Canada’s three large bank weighted average is two an half time smaller than Australia’s four major banks however non performing rate of housing loans in Australia and Canada are almost same in recent years. The mortgages in Canada are provided by Canada mortgage and Housing Corporation own by Government are assigned at weight of zero risk, therefore the lowest risk of residential mortgages of four large Canadian banking is almost 70% in comparison with 40% of major...
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...spread by many channels, including prime brokerage, OTC derivatives positions, money market mutual funds, tri-party repo and wholesale funding markets. The cost to society of such failures is tremendous. One example is the increased tax burden on tax payers as a result of governments bailing out those banks. Views including the lack of proper regulation and the engagement in complex finance activities such as CDS have been blamed for the TBTF phenomenon. There have been a number of proposed solutions put forward to tackle the problem of TBTF whether on the regulatory side such as the separation of commercial and investment banking or on the disclosure side such as Basel 1,2 and 3 accords. By critically reviewing the arguments and evidence presented in the literature, this essay determines how effectively the solution of separating investment and commercial banking proposed by regulators of financial markets will deal with the problems of institutions which are TBTF. The financial crisis of 2008 has revealed unprecedented trading losses and problems of insolvency at the TBTF banks. In 2008 Lehman Brothers reported losses of more than $5 billion. Its share price plunged by almost half. This has made more than 1500 people redundant and has significantly badly affected the S&P and Dow Jones indexes. Major losses like this have induced economists...
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...Taras Shevchenko Kyiv National University Faculty of Economics Department of International Economics and Marketing Term essay Course: «International Banking» Topic: «Comparative cross-border assessment of the Crédit Agricole S.A. and its affiliate in Ukraine performance» Written by: Victoria Shevchenko 1st year student of a Master’s Program Department of International Economics and Marketing Supervisor: PhD associate professor Volodymyr U. Shevchenko Kyiv-2014 Crédit Agricole Group is the leading financial partner to the French economy and one of the largest banking groups in Europe. It is the leading retail bank (provides services to the household (consumer) sector) in Europe, asset manager, bancassurer and global leader in aircraft financing. According to The Banker magazine Western European banks still dominate the EU bank rankings in terms of Tier 1 capital. In 2013 three French banks were worldwide TOP-10 in terms of Tier 1 capital and assets [1]. According to the Accuity research company in 2012 Credit Agricole was fourth among 50 banks all over the world in terms of assets [2]. Crédit Agricole S.A., so called Central body of the Regional Banks, lead institution of the Group, is a French Public Limited Company (Société Anonyme) with a share capital of €7,504,770 thousand, divided into 2,501,589,997 shares with a par value of 3 euros each, is majority owned (56%) by 39 French co-operative retail banks (Regional Banks) but at that time Crédit Agricole...
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...unprecedented in size and scale in the Philippine banking industry, Banco De Oro Unibank (BDO) today represents a firm consolidation of distinct strengths and advantages built over the years by the entities behind its history. More importantly, BDO is an institution that does more than honor its past; it continues to improve on its present, and moves with innovation and dynamism toward an even stronger future. BDO’s reputation as a full-service universal bank remains as formidable as ever. It has the ability to provide a complete array of industry-leading products and services to the retail and corporate markets including Lending (corporate, commercial, consumer, and SME), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash Management and Remittances. Through its subsidiaries, the Bank offers Leasing and Financing, Investment Banking, Private Banking, Bancassurance, Insurance Brokerage and Stock Brokerage services. Its institutional strengths and value-added products and services hold the key to its successful business relationships with customers. On the front line, branch banking has continuously been setting high standards as a sales and service-oriented, customer-focused force. Through selective acquisitions and organic growth, BDO is positioning for increased strength and continuing expansion into new markets. BDO Retail Internet Banking With BDO Retail Internet Banking (RIB) you may: • Inquire the balance...
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...Reflective Essay #1 For this assignment write a reflective essay in response to one or more of the questions below. The goal is to express a thoughtful assessment of your educational journey in light of this course. You can choose which question(s) you wish to address. Use them as a starting point. Feel free to synthesize and run with them. But don’t feel so free as to write much more than 3 pages. Well, write all you want, but submit something that has been reviewed and edited to a more concise statement. Also, please submit your type-written essay with the text formatted at 1.5 spacing and 12 point font. By the way, I am not really looking for a critique of the readings or the course. This essay is about you. What, if anything, are you gaining by taking this course? 1. How does taking a “Natural World” course add value to your IAS education? In what ways does exposure to natural science perspectives color your view of how the world works? What is your take on the value of natural science research and its potential impact on your life beyond the class? Is your regard for the process of science and the issues of environmental science shifting? 2. Because you’ve completed Interdisciplinary Inquiry, you’ve read The Banking Concept of Education by Paulo Freire. Thus far, the course has featured a lot of lecturing by the professor that could easily be characterized as banking style education. How is the predominance of this style of classroom interaction...
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...1 Due: March 6, 2015 Opinion essays require a personal and argumentative approach to the given assignment. Once a personal opinion is stated, it becomes challenging for the writer to defend his/her argument that justifies their opinion. You will want to rely both on your views and external sources to support your opinion(s). Below are popular quotes by famous peoples. You are to write an opinion essay from one of the listed quotes. You will be graded on your ability to follow instructions and write a well-composed 2-3 paper. Winston Churchill 1. “We make a living by what we get but we make a life by what we give.” 2. “A lie gets halfway around the world before the truth has a chance to get its pants on.” 3. “You have enemies? Good. That means you’ve stood up.” John F. Kennedy 1. ”Efforts and courage are not enough without purpose and direction.” 2. “Once you say you're going to settle for second, that's what happens to you in life, I find.” 3. “Anyone who is honestly seeking a job and can't find it, deserves the attention of the United States government, and the people.” Malcolm X 1. “I don’t see an American Dream, I see an American Nightmare.” 2. “The media’s the most powerful entity on earth. They have the power to make the innocent guilty and to make the guilty innocent, and that is power.” 3. “America preaches integration and practices segregation.” Thomas Jefferson 1. “Banking establishments are more dangerous...
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...Part | Number of questions | Time | Grade | Part I | 2 out of 3 | 80 minutes | 20 | Part II | 2 out of 3 | 100 minutes | 30 | Total | 4 | 180 minutes | 50 | Good Luck PART I (20 points) In well written essays of around 150 words, answer two of the following questions. 1. Carry out a STEP analysis on the extract about Mannesmann. (10 points) It was clear to many observers that by hiving off its attractive telecoms activities into a separate company Mannesmann risked becoming vulnerable to an unwelcome take-over. Tony Blair, the British Prime Minister, however, demanded that Germany treat a British attempt to take over one of its firms with the same fairness extended to Germans buying up business in Britain. He rebuked Gerhard Schroeder for fighting the take-over, making it clear that in the new global economy he should not try to block it. There seems to be widespread suspicion in Germany of everything connected with stock markets. Germany does not have a stock exchange culture, as its economy is dominated by medium-sized companies and companies which are not quoted on the stock market. RB1, Extract 2.10, p.27 ANSWER KEY ContentSociological: * There seems to be widespread suspicion in Germany of everything connected with stock markets. Germany does not have a stock exchange culture, as its economy is dominated by medium-sized companies and companies which are...
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...Essay 1 Writing Experiences My Writing Experiences 101 Ebony Harris Freshman Composition 1010-004 Cherrlyn Eller 2/6/2012 My Writing Experiences 101 Writing can be an intimidating task if you are not equipped with the knowledge and techniques to write a successful well-structured paper. More importantly in order to excel at any craft it takes practice and critique to make anyone an established writer. As an economics major and accounting minor, formal papers, essays and exerts are expected of me to write. These types of papers include research working papers that illustrate results based around a thesis. Through my college career I’ve had a lot of experience writing working papers , as well as evaluation papers based off of sample working papers I’ve read and expressed my stance. In this essay I will illustrate what experiences I’ve had in the past with writing and highlight any strengths and weaknesses I’ve experienced in each area. In many of my economic courses a lot of our topics of discussion were based on theory and evidence to support a writer’s research. For instance my instructor Alexander Padilla challenged his classes to read many working papers and write what our thoughts and educated opinions concerning the publications were. A lot of times he challenged our intellect by discussing more controversial subjects which initially were not in my comfort zone but highlighted many social phenomena’s our society faces today. For instance we read an article published...
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...Compare-Contrast Essay The thought of doing an essay for most people can at be quite intimidating because of the need to be technically proficient, following the mandatory expectations outlined and some might find them boring because they feel like it is too restrictive in nature. That is merely just a common misconception though, there are several different styles of essays and the two that are going to be discussed are descriptive and narrative essays. The narrative essay's main purpose is to tell a story using characters and a plot, where perhaps a problem is given, and the events that unfold eventually explain a solution to the problem or issue presented. In contrast the descriptive essay can be very powerful in the fact it is written using the five senses (visual, audible, taste, tactile sensations and smells) this allows the author to bring a scene or object to life in the mind of the reader. While narrative essays are almost like a movie that is played out in the judgment of the reader, the descriptive essay paints a vivid photograph or place the reader can experience and this is why descriptive essays are the superior of the two styles. One of the best qualities that narrative essays are able to offer over descriptive essays is they are structured to appeal to the simplest of mankind's urge to share a good story. There are various forms in which we can find a narrative writing example such as a poem, play, novel and the obvious essay. There are times...
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...RECRUITMENT TO POSTS IN GRADES 17 & 16 UNDER THE FEDERAL GOVERNMENT, 1971 ENGLISH ESSAY Maximum marks: 100 C SS .C O M .P Note: Write an essay in ENGLISH on ONE of the following: 1. Man as part of a design infinitely vaster than himself. 2. Knowledge demands love as its complement. 3. The amusement mania. 4. The art of feature films made in Pakistan. 5. Art and Religion. 6. Education of freedom. 7. Brain-washing. 8. The lessons of the past. 9. Requisites for social progress in Pakistan. 10. How words change our lives? 11. Man is condemned to be free. 12. Leaders and followers. K Time allowed: 3 hours ENGLISH ESSAY EXAMINATION 1972 Maximum marks: 100 C SS .C O M .P Write an essay in English on One of the following: 1. Relevance of Islam to Science. 2. The sanctity of law. 3. Competitive results of planned economy? 4. The sick soul. 5. The strategy of political warfare. 6. “If’ in History. 7. Psychology and its social meaning. 8. Reverence for life. 9. International morality. 10. The divided self and the process of its unification. 11. Statesmen and Diplomatists. 12. The foundations of the feature. K Time allowed: 3 hours ENGLISH ESSAY EXAMINATION 1973 Time allowed: 3 hours Maximum marks: 100 1. (a) Make an outline for writing an Essay in English on One of the following subjects: (b) Write the Essay on the subject you have selected more or less on the basis of the Outline you have...
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