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Ten Things your Bank and/or Banker Won’t Tell You
Staff Reporters
From: Smart Money
Do you assume that your bank serves your best interests? Do you believe that a big bank’s products are better than a smaller bank? Do you think that that your online bank account information is accurate or secure? If so, think again!
And don’t ever believe everything your bank, or banker, tells you.
Review
As readers of the Executive-Post know; medical, dental, allied healthcare and administration students of all stripes are increasingly in school-debt these days.
Assessment
Therefore, we trust this basic, but important, report will be reviewed by medical practitioners and administrators of all ages. Don’t let the bankers add to your economic misery.
Link: http://articles.moneycentral.msn.com/Banking/BetterBanking/10ThingsYourBankWontTellYou.aspx
Conclusion
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Filed under: Financial Planning, Funding Basics, Investing, Risk Management | Tagged: bankers, banks, retail banking |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
On Banks
A bank is a financial institution that accepts deposits and channels those deposits into lending activities. Banks primarily provide financial services to customers while enriching investors.
Government restrictions on financial activities by banks vary over time and location. Banks are important players in financial markets and offer services such as investment funds and loans.
In some countries such as Germany, bank have historically owned major stakes in industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies.
In Japan, banks are usually the nexus of a cross-share holding entity known as the keiretsu. In France, bancassurance is prevalent, as most banks offer insurance services (and now real estate services) to their clients.
The level of government regulation of the banking industry varies widely, with countries such as Iceland, having relatively light regulation of the banking sector, and countries such as China having a wide variety of regulations but no systematic process that can be followed typical of a communist system.
Reggie
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