Bank
A bank is a financial institution that accepts deposits and uses the money for lending it individuals and/or businesses, directly or indirectly. It is basically a financial intermediary that connects customers that are in need...
Tagged: Banking
Personal Finance
Principles of finance are applied at different levels for taking monetary decisions, right from the level of an individual to a nation’s economy. Application of these principles at the level of an individual or...
Office of the Comptroller of the Currency (OCC)
The OCC’s primary mission is to charter, regulate, and supervise all national banks and federal savings associations. They also supervise the federal branches and agencies of foreign banks. Their goal in supervising banks and...
Office of Thrift Supervision (OTS)
The original national banking laws essentially forbade national banks from making residential mortgage loans. Savings institutions—variously known as savings and loans, savings banks, and building associations—helped fill the gap. The U.S. thrift industry’s roots...
Gold Standard
Gold Standard Introduction A Monetary system in which economic unit of account is a fixed weight of gold is called as gold standard. A gold standard system can be classified in various kinds. The gold...
Federal Deposit Insurance Corporation (FDIC)
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks...
National Credit Union Administration (NCUA)
The National Credit Union Administration (NCUA) is the independent federal agency that regulates charters and supervises federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and...
Government Bond
As a bond issued by a governing entity, a Government bond assures time bound interest payments. A Government bond also guarantees encashment for a certain amount upon completion of a fixed period. The idea...
Municipal bond
Municipal bonds, or Munis for short, are bonds issued by city, county, or state governments for a variety of projects such as building schools, expanding highways, or constructing a new sewage system. Municipal bonds...
Rogue trader
A rogue trader is an official employee who makes trades on behalf of the company that are not legal or approved by the company. This term is used to denote the employees who work...