Articles Tagged ‘Banks’
Jhonny Zambrano is a credit analyst at a microfinance institution - MFI. New to the job. Entered less than a year after finishing college. Get the job was not difficult. The post did not require previous work experience, by the shortage of skilled personnel in the field. For several years the number of MFIs in the market has grown steadily. Not so the labor supply of trained personnel. Situation that had triggered the conflict of different MFIs to capture the little experienced and caused a strong migration from lower-paid MI (mainly Municipal Savings and Credit Unions) made the best-paying entities (mainly banks ), who preferred this to having to train new staff and assume the errors and horrors of their learning curve. The offer in the microfinance market were banks (specialized or through specialized units), Municipal Building (CMAC), rural banks (CRAC), Financial Edpymes, Savings and Credit Cooperatives (CAC) and nongovernmental organizations (NGOs). Competition between them w...
Another widely used figure is the bank's net income. It is important to distinguish interest income from non-interest income. In credit markets open and sophisticated, the income of the interest differentials should be minimal and reflect the risk, as well as being reasonable component of income of the bank. But in many countries (Japan, Russia) the government subsidizes banks away money cheaply (through the Central Bank or through bonds). The banks then proceed to provide cheap funds at exorbitant fees to their customers, thereby gaining tremendous interest. In many countries, income from government securities are not taxed, which represents another type of subsidy. A high subsidy that comes from an interest is a sign of weakness, not health, for today and tomorrow there. The preferred indicator should be income from operations (fees, commissions and other additional charges.) Here are some guidelines to be observed. A relevant question is whether the bank is accredited by interna...
Banks are institutions where miracles happen regularly. I rarely entrust our money to another body which is not a bank. Despite having a history peopled by lack of management, corruption, false promises and representations, delusions and inconsistency of attitudes, the banks still receive money from the people. In part, because the numbers give a sense of security. The fashionable term today is "moral hazard." Implied warranties in the State and other financial institutions lead us to take risks that would otherwise avoid. In part due to the sophistication of banks to market and promote their products. With glossy brochures, presentations and video professionals in computer and its huge and complex properties, banks achieved an image of Temple of financial religion. But what lies behind them? How can we judge the soundness of our banks? In other words, how do we know that our money is safe? The best reflection is in the balance sheets of banks. Banks and balance sheets have been i...
Can tell a private institution with odd connections with the government should have control of any aspect of your finances. But if bankers with a member of the bank, they do. Use monetary instruments to achieve certain macroeconomic goals, participate in open market operations and set the reserve ratio for all banks. All these things have a direct and indirect effect on inflation and money supply. Still uncomfortable? Remember the whole part about being a private institution? Means there is no word on any of these activities that are indirectly behind doors and in their own pocket book. Oh! Remember to Henry Paulson? The person who asked the government 800 billion of our tax dollars and you get it? He is also a member! Is currently on the Board of Governors....
With all the iPhone coverage it received during the past month, I decided to look what will be the next big thing in cell phones. Today, we got to the point where we can take pictures, play music and surf the internet through our mobile phone. What next? Well, it seems that cell phones are becoming multi-purpose device in which there anything else you need to take a part of it. I think the next big thing for mobile phones is going to be able to be used as credit cards and online banking. Lugo to make an investigation, I found the following: Motorola and MasterCard are working to make sure cell phones for financial transactions such as online bank or buy things as if you had a credit card, the two companies said on Tuesday. Later this year, few Americans are going to be testing two of these product lines made by Motorola that use the wireless payment system MasterCard PayPass, as reported by Motorola. The Motorola-MasterCard phones will have "the potential to change the lifestyle, ...