Commercial Banking Career Guide and Counseling

Question: Why is the commercial banking system distinct from investment banks and savings banks? The commercial bank.... a) lends the savings to public borrowers b) creates money c) pays interest on savings account d) is subject to some government regulation

Answer: this is the way to categorize the functionality of the economic system.

Question: commercial banking?

Answer: mmm nope...

Question: What do mergers within commercial banking industry provide with to increase profits?

Answer: They can eliminate duplicated staffing and reduce their payroll in their operating expenses. Mergers mean job layoffs for the employees usually.

Question: Does private banking requires different license than commercial banking? I am trying to understand if opening a private bank in US or UK or Switherland would require the same requirements as for commercial bank or one could just get an investment company license or some other. Any info would be welcome. Thank you.

Answer: In the United States, you would have to conform not only with federal laws, but with the laws of the individual state in which you incorporate. As far as I know, the licensing requirements are the same for both private and commercial banks in the US, although there may be some subtleties.

Question: What is the current Annual Percentage Rate for commercial banking for car loan?

Answer: It depends on the length of the loan. Interest rates range from 6.87 - 7.43%. National averages for auto loans are on this link: http://bankrate.com/brm/rate/auto_home.asp

Question: what job should i take? operations in trading at Goldman (pays more), or Commercial Banking rotation at Citi? I am a 22 year old soon to be college grad with an Ec degree.

Answer: Commercial Banking 1 at Citi Bank, shall be more remunerative.

Question: Who is the acknowledged father of Commercial Banking? In what country did banking start?

Answer: The Knight Templars to the wealthy in Medevil Europe after the Crusades.

Question: Are local commercial bank allowed to do fractional reserve banking?

Answer: Yes they are.

Question: Do the creativity of services is a influence factor of a profitability in a banking sector(Commercial Banks)? Is there any relationship between Service creativity & Profitability in a commercial bank? How do the creativity for services in a bank identified as following situations: 1. Creativity as boundary breaking in a bank 2. Creativity as innovative in bank 3. Creativity as boundary pushing ina bank How to Analyze above results by using different models or statisticaly? How to devide banking sector to fullfill above requirements? Above details mentioned about my dissertation topic. I am final year student of University of Colombo. Please help meto collect data According to above topics.

Answer: Creativity and innovation are the major factors for velocity and circulation of money. Any successful business is depending on the creativity, novel ideas, ideals and innovations. Banking is one among the business sector applying creativity.

Question: For a new US immigrant with 10 yrs in commercial banking, what's a good way to get into a similar job market? Has general management skills, loan recovery and other experience - but does not know about US taxation systems and law and other pertinent knowledge (what more is required?)

Answer: Usually in USA, commercial banking executives perform the following jobs, which does not include taxation !! solicit new business and individual account relationships and calls on existing customers develop new high profile commercial and consumer clients, expands and increases existing high profile client’s business relationship,identify and sell various products appropriate for a given client,build and maintain a portfolio of high profile ,customers up to and including the most complex accounts,participate and promotes community involvement efforts Please log on to any standard job portals and try !

Question: who offers the best commercial banking in Illinois or Indiana? I am looking for lowest fees and best customer service...

Answer: Explore local credit unions- always better than a bank.

Question: what are the non banking functions undertaken by the commercial banks?

Answer: Insurance

Question: can you give 5 specific examples of universal banking and commercial banking?

Answer: yes. can you?

Question: Suppose a commercial banking system has $100,000 of outstanding demand deposits and actual reserves of $35,000? Suppose a commercial banking system has $100,000 of outstanding demand deposits and actual reserves of $35,000. If the reserve ratio is 20 percent, the banking system can expand the supply of money by the maximum amount of a) $75,000. b) $15,000. c) $300,000. d) $175,000. e) $122,000.

Answer: a) $75,000. Required reserves = 100'000 x 20% = 100'000 x 0.2 = 20'000 Excess reserves = 35'000 - 20'000 = 15'000 Potential additional money supply=15'000/20% =15'000/0.2= +75'000

Question: What is the situation between Credit Unions and Commercial Banks? In my Principles of Banking and Finance class , my professor wants us to write about the situation and issues going on. I have googled and used yahoo search but cannot find anything that seems relevant. Any ideas on what he is talking about? It is an online class so I can tell you that his question is stated exactly like this: "In this country we have situation between Credit Unions and commercial banks. What is going on? What are the issues? You may have to do a little Web research to answer this question." Please let me know of any ideas you may have. Thank You.

Answer: Your professor probably means there is conflict between credit unions (who want to expand into "member business loans") and commercial banks (who don't want credit unions compete with them for clients). There has always been an ongoing conflict between banks and credit unions. (Actually, the conflict is between the trade associations for each group, but that's a whole other story.) Finding information on the internet may be kinda difficult unless you can access some news stories. There are some trade publications you can review: American Banker, Credit Union Times and Credit Union Journal. They all have websites, but you must be a subscriber to access most stories. Perhaps your school's library has a subscription which will allow you access to the material. The trade associations only allow their members to access the online information on these type of issues, so those sites may have limited value. Try looking for American Bankers Association and Credit Union National Association. Maybe there is a recent newsletter article on the topic that is available to the public. Try searching "member business loans" or CURIA (a piece of federal legislation being promoted by credit unions). I'm not sure if this will help, but for what it's worth, here is a link to the history of the credit union movement: http://www.creditunion.coop/what_is_a_cu.html There may also be some local issues in your state. Both of the trade associations have state-level affiliates which may have information on the local issues between credit unions and commercial banks. Hope this helps. Good luck!

Question: Hello, can anybody please explain me what a "commercial banking office" is as opposed to "branch office"? Thank you very much in advance!

Answer: A commercial banking office usually only serves business clients, not individuals.