Business & Society

The Federal Deposit Insurance Corporation (FDIC) manages the insurance fund that protects bank deposits. Although the FDIC is an agency of the federal government, member banks fund the insurance...

Everyday more business owners are installing personal security cameras on their property and in their stores. The advent of private cameras is helping police officers and investigators gather more...

If you have multiple bank accounts and sometimes one of them gets low on funds, your bank may seize the opportunity to start charging you overdraft fees by making sure the debits to your account...

The safest and preferred method of payment when selling to overseas buyers is through a “Confirmed Irrevocable Letter of Credit at Sight”, commonly referred as an “L/C”, as this form of payment...

Bank drafts must be approved by the account holder on the account from which funds are being withdrawn. A bank draft is a form of payment directed from one bank to another against an account....

More than 115 banks have failed in 2009, and the total will be higher by the end of the year. This is more than four times the number of failures in 2008. In 2009, many of these failures have...

The debt to export ratio is used to calculate a country's total amount of debt in comparison to its total amount of exports. It's an important way for countries to measure their independent...

Foreign exchange transactions developed from the growth of international business activity among different countries. As business relations grew, the importance of monitoring the value of foreign...

The world of offshore banking seems like it is for those who want to hide money. Many people question the legality of an offshore bank and why someone would need to have assets held abroad. While...

The Jamaica Stock Exchange, also known as the JSE, was established in 1968 and opened on Feb. 3, 1969. The JSE is the primary stock exchange of the island nation of Jamaica. The JSE is located in...

Ghana is a nation in West Africa, sandwiched in between the Ivory Coast to the west and Togo to the east. It's bordered by Burkina to the north and the Gulf of Guinea to the south. Like many...

Ecobank Ghana is part of a West African network of commercial banks. It's one of Ghana's most well-known financial institutions.

Wells Fargo has a long history dating back to the mid-1800s and the settlement of the West. The company grew through acquisitions and mergers with smaller banks and companies. In the 1990s, Wells...

Chase is a bank that has gone through several changes in its history, which goes back to the late 18th century. It now functions as a division of a huge financial services firm.

Living abroad can be an expensive way of life, or a very cheap one, depending on how you do it. As an American, I have been living and working in Europe continuously since 2003. With drive and...

HSBC Holdings, which is headquartered in London, is one of the world's biggest and most successful banks. Like many, the bank ran into problems during the global financial crisis of the late 2000s...

An Automated Teller Machine, or ATM, seems to take the place of face-to-face banking these days. You can simply walk or drive up to your bank's ATM and do many transactions without ever speaking...

Countrywide Financial Corp. was one of the first of many casualties during the U.S. financial crisis of 2008. Countrywide was once the nation's leading mortgage lender but drowned in a sea of bad...

Most banks offer both bank checks and certified checks as guaranteed forms of payments. The differences between the two are subtle, the main difference relating to who signs the check and who is...

Managing your bank account online is convenient, time saving and offers many features that are designed to make life easier, while being accessible 24 hours a day. Online banking offers nearly the...

Wire transfers and Electronic Funds Transfer (EFT) systems are similar in many ways, and yet differ greatly in terms of their uses and evolution. While wire transfers have long been and continue...

I hope that you enjoyed my article on How To Understand The Import and Export Business. One aspect that I did not cover is the different forms of payments. As a trader, your concern and fear is...

Wells Fargo began in 1850 with the merger of two transportation companies: Wells and Company, and Butterfield, Wasson and Company, two freight handlers in competition in the eastern United States....

The child of former slaves, Maggie Lena Walker was an American who went on to become a very successful businesswoman. She received an education at the Armstrong Normal School and the Lancaster...

If you're like most folks, you don't leave home without it. American Express? Think again. It's MasterCard, the credit card that makes spending as easy as grabbing a pen. This brand has been...

There are many risks associated with bank loans, both for the bank and for those who receive the loans. A close analysis of risk in bank loans requires understanding what risk means. Risk is a...

Mellon Bank -- now the Bank of New York Mellon Corp. -- was founded in Pittsburgh and grew over a hundred and fifty years to become one of the world's leading asset-management firms. The combined...

TD Waterhouse is a discount brokerage company in Canada. It is owned by U.S.-based Ameritrade, a securities and investment firm. The company has operated under a number of different names since...

We need to be alert with bank and credit card fraud on the rise. These are some tips to reduce the chance that you will be the victim of modern-day thieves.

Monetary policy is the regulation of a country's money supply by the central bank of a country or region. In the United States, the central bank is the Federal Reserve Board. Monetary policy tools...

The World Bank is an agency located in the United States, but with a network across the world. The bank was originally set up to help countries which needed assistance in rebuilding after World...

The ATM, or Automatic Teller Machine, allows bank customers to withdraw money without the need for a live bank teller. These machines are available all over the world, and customers from one bank...

The transition from the traditional sense of banking toward the convenience of an online system dates back through the 1980s and until the mid-1990s.

Chase is the commercial and retail banking arm of JPMorgan Chase & Co. With roots that go back 200 years, Chase is one of the oldest and largest American financial institutions. With a...

In the history of the stock market, there have been very good days and very bad days. There have been six times in the history of the New York Stock Exchange (NYSE) when prices dropped, causing...

Charge cards and credit cards have a long history. The credit card industry as we know it today, has roots as far back as the very early 1900s. At one time, banks and retailers offered customers...

JPMorgan Chase & Co., along with Citigroup, Bank of America and Wells Fargo, is one of the "Big Four Banks," the informal name for the largest financial institutions in the United States. In...

Local union banks are full-service banks that are often locally owned and managed. In addition, like the Union Bank of California, they may have several branches throughout a state. Many union...

There are a lot of things that take place when you first open a checking account. Some things take a little bit of time to take effect before your account is active. One of the things you will...

If you deposit or cash a check that has insufficient funds in the account from which it is drawn, the check will be returned, normally after it has been presented for collection twice by your...

As of April of 2009, China owned the three largest banks in the world (in terms of market capitalization). Due to the global financial crisis, this ownership is the direct result of China's...

To get a cash advance you may go to any bank that accepts your credit card and present your picture identification along with the credit card you are using, to the teller. The teller will fill...

Money orders have a number of advantages over checks. The biggest benefit to the payee who receives a money order is that it has been paid for, so there's no chance of finding out it isn't good. A...

Obtaining a credit card when you have no credit history can be difficult, especially in today's financial climate. If you have a steady job and pay your bills on time, your chances for qualifying...

When you hear the words "banking regulation" most tend to think of one source, a particular organization or committee that handles issues regarding banking regulations within a particular country....

Sending money from USA to overseas countries has become easier with the emergence of online services that allow worldwide money transfer instantly. However, some of these services charge high fees...

Many purchases need checks written for payments. Checks are a very efficient way of payment, instead of carrying large sums around in bags or wallets.

The brick-and-mortar bank is the bank you may use for banking. It is the bank where you go to deposit checks, withdraw money, transfer money, and it's also the bank you use to pay your bills by...

One of the many lessons people learn while growing up is how to prudently handle ones relationship with money. This usually begins with going down to the local bank and opening up a bank account.

This daily habit will take a lot of self discipline, but done over a period of time can become a habit that makes you rich. This technique/daily habit is what most rich people do everyday.