• Keep your banking information secured

    Keep your banking information secured

    Don’t be astonished choosing a password for your Internet banking account is very important. Before you put your password for Internet Banking, make sure that you choose a password that only you can remember. A strong password has ideally at least 14 characters or more – certainly the more the better. The password must be composed of letters, numbers and other symbols. You can use upper and lower case to improve the complexity of...

    http://bank-rates.org/financial-consultant/keep-your-banking-information-secured
  • Alluring bank rates and easy profit

    Alluring bank rates and easy profit

    The banking industry is alluring. In the last ten years, competition among financial institutions has created many opportunities to make extra money with the best Bank Rates. There are two main reasons for this new competition: reduced regulation and appearance of the Internet. With widespread access to broadband, online banks can now offer loads of features that traditional banks can not. In addition, these online banks can offer the best...

    http://bank-rates.org/financial-consultant/alluring-bank-rates-and-easy-profit
  • Online banking: advantages and disadvantages

    Online banking: advantages and disadvantages

    Most online banks offer higher interest rates or other offers on savings accounts and other banking products because these banks have less overhead. There is not much building to pay and there are fewer employees. Account information and services are available 24 hours a day, every day. An exception to this rule would be for online banks may need to go offline for a couple of hours to update and maintain systems. Most online banks have no fees...

    http://bank-rates.org/financial-consultant/online-banking-advantages-and-disadvantages
  • What you need to know about bank rates

    What you need to know about bank rates

    People need the loans for different reasons and things. You can choose different loans, such as home loans, car loans, student loans, business loans and other types of loans. Don’t forget that the percentage varies in different types of loan . Banks will typically have lower percents in regards to percents match to other financial institutions. Before apply for a loan, you must know the rate of bank loans. If you need to buy a house for...

    http://bank-rates.org/financial-consultant/what-you-need-to-know-about-bank-rates
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BVI FSC Publishes Financial Statistics for Q2 and Q3 of the Year

By Kenneth Moore | Dec 30, 2011

Last week, the BVI Financial Services Commission published the twenty-third and twenty-fourth volumes of its Quarterly Statistical Bulletin, providing information on financial services activities in the territory in the second quarter and the third quarter of 2011, respectively.

In the second quarter period, ended 30 June 2011, there were 15,689 business companies newly registered in the BVI, as compared to 12,815 in the same quarter of 2010. Also, there were 13 Limited Partnerships registered in the second quarter of the year. According to the Banking and Fiduciary Services statistics for commercial banks, in this period total assets were US$2,419 mln, cash items were US$717,028 mln, loans and advances were US$$1,529 mln, total liabilities were about US$2 mln.

Total number of Licensed Insolvency Practitioners, including Full and Restricted Licenses, in the second quarter of 2011 was 25.

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Tags: Financial, Financial Statistics
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Growth in the Age of Deleveraging

By Allison Jones | Dec 30, 2011

These are trying times.

In our largest trading partner, households are undergoing a long process of balance-sheet repair. Partly as a consequence, American demand for Canadian exports is $30 billion lower than normal.

In Europe, a renewed crisis is underway. An increasing number of countries are being forced to pay unsustainable rates on their borrowings. With a vicious deleveraging process taking hold in its banking sector, the euro area is sinking into recession. Given ties of trade, finance and confidence, the rest of the world is beginning to feel the effects.

Most fundamentally, current events mark a rupture. Advanced economies have steadily increased leverage for decades. That era is now decisively over. The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic.

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Bank Rates Defined

By Admin | Dec 29, 2011

Bank rates work in three different ways. There are interbank rates which represent the cost of borrowing that banks pay each other or the government to borrow money for solvency. Then there is the savings rate a bank pays depositors for use of their money placed in savings in that particular bank. Finally, there is the interest rate charged on loans banks provide individuals and businesses to use the bank’s money, resulting in a profit from the money paid back.

Interbank rates are the least understood and the most critical for banks. Banks themselves do not keep every cent in their accounts. They try to lend as much as possible to make new money off of loans via interest. However, from time to time, banks need cash infusions to close deals, stay solvent, or meet liquidity requirements imposed by government regulations. Read more…

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Tags: Bank Rates
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Bollard’s rate moves hinge on how bad things get in Europe

By Thomas Lee | Dec 29, 2011

The Reserve Bank is still of a mind to raise interest rates but later, more slowly and to a lower peak than it previously foreshadowed and subject to there being only a mild recession in Europe.

“We are holding rates and that’s our short-term view,” Governor Alan Bollard said yesterday.

“The 90-day track we have published is consistent with some gentle rises some time in the middle of next year.”

The wholesale interest rate track in the December monetary policy statement has pencilled in three 25-point rate rises from the middle of next year but financial market pricing implies no increases until well into next year.

And economists at the main local banks expect the official cash rate to remain on hold at 2.5 per cent until September or December next year.

“The Governor said he thought the OCR will move in mid-2012.

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Tags: Europe
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Rick Ackerman – Do ‘Technicals’ Point Toward a Global Collapse

By Kenneth Moore | Dec 14, 2011

In this webinar we look at such bellwethers as the Dollar Index, T-Bond futures, the euro and index futures for the broad averages.

Who Is Rick Ackerman?

Barrons once labeled Rick Ackerman an intrepid trader in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TVs FBI: The Untold Story. But to the gang at CNBC, hes been a pariah for the last ten years a shoot-from-the-hip kinda guy whose irreverent style got him banned from the show after an interview on Squawk Box was alleged to have gone awry.

His professional background includes 12 years as a market maker on the floor of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barrons to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

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Tags: Ackerman, Rick Ackerman
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