Bank and Banking Industry Essay

Submitted By vangar95

Words: 317

Pages: 2

Open Document

Banking
What are the responsibilities of this industry?
The banking industry is one of the most important enterprises to keep safe because so many peoples personal information is at risk. If banks become hacked or infested with spyware many people will lose money, credit and social security. People will not be happy with this situation because they give all there trust to the bank to take care of their money. It is a banks priority to take care of people’s money and personal information.
What are the jobs in this industry?
A banking industry requires many people with different jobs. For example a financial analyst is a person who can administer your money in the buying of a home or a business. They also help in investments ideas or administration. Another banking job is a bank teller. They are the people behind the counter who either return your money or you give your money too. Loan officers are also a big part to the banking enterprise because they work with people allow them to borrow money. They are a big part because loans are where banks get a lot of their money through interest. To pay back loans interests are added which are added costs to the loan itself. A financial manager is a person who takes care of a persons or company’s money spending. They are also part of bank jobs. These are people the banking industry needs to thrive.
Why does the industry exist?
A banking industry exists to take care of people’s money and manage it as well. If they wouldn’t

Ethics in Banking Essay

Banking ethics are the moral or ethical principles that certain banks choose to abide by. There is not a universal code of ethical conduct, but the banks that vaunt their ethical credentials evaluate the ethical standing of potential investors and partners. Also, these banks choose the companies that they in turn invest in with their ethical policy in mind. The number of ethical questions that the banking industry faces are many and multifaceted. Full service relationships with customers are…

Words 1327 - Pages 6

Neexity Bank Case Study

Part A: INTRODUCTION Introduction: Nexity Bank is a virtual bank, created by David Long and CEO Greg Lee along with two other partners in 1999. Nexity’s main headquarter is located within Birmingham, Alabama. This company has focused its efforts on providing exceptional customer service and competitively advantaged priced products, which has led the business to such great success. Nexity offers transactions and account inquiries, online statements, only viewing of cancelled cheques, interest…

Words 4226 - Pages 17

Banking History CBA Essay

it comes down to Banking industries long term investment is very essential in creating long term business opportunities. Commonwealth Bank is very keen to invest in long term sustainability projects and play important role in developing & bringing business together with communities. This bank provides various types of financial services to different clients. The significance of this report is posed at proclaiming the environmental, social and economic aspects of Commonwealth bank and these issues…

Words 710 - Pages 3

Essay on Cmgt 400 Week 2 Common Information Security Threats

Information Security Threats to the Banking Industry CMGT/400 University of Phoenix Information Security Threats to the Banking Industry To start off with I chose to go with our banking or financial industry. The banking industry is constantly getting attacked by various methods on a daily basis. I chose this industry because I happen to know someone who works in the security sector at Wells Fargo Bank, he was a good person to get information…

Words 1035 - Pages 5

Essay on Information Systems In Banking

Information systems In Banking INFORMATION SYSTEMS IN BANKING INDUSTRY Executive Summary: Information systems are extremely vital for the growth and survival of business organizations in today's world. All sectors of the industry are entirely dependent on these for the management of important information and data. Small organizations to large, powerful businesses such as high street banks and central and local government are taking the help of information systems to regulate their data. In this paper…

Words 1170 - Pages 5

Essay on Bank of America Five Force Analysis

Bank of America Five Forces Analysis Threat of new entrance The sector offers a considerable barrier to new entrants due to the high capital required to establish a new bank. As banking is professional services type required high creditability, strong brand presence is the key obstacle for newcomers. However, in line of Global consumer & small business banking especially payment service the entrepreneur or new company could compete in this segments e.g. internet bill payment. Additionally…

Words 885 - Pages 4

Essay on Deregualtion of banks

Chapter 18 The banking industry has experienced substantial changes for a long period of time. There have been many regulations and deregulations enacted by the federal government to banking industry, in order to protect customers from their deposits and the banks from liquidation. The regulatory system in United States is referred to as a dual banking system where both federal and state government regulates the banking system. Bank regulation is needed to enhance the safety of the banking system and…

Words 657 - Pages 3

Islamic Banking Case Study

FINANCIAL PERFORMANCE OF ISLAMIC AND CONVENTIOANAL BANK IN PAKISTAN A COMPERTIVE STUDY INTRODUCTION Background of study Islamic banking having different ways of functions as appraise to conventional bank has been began in the nineteen seventies to deal with the issue of Riba. The devoted and innovative individuals, specialized banker, Islamic economic experts and religious scholars are certified to be cause the way of Islamic banking. Its viewpoint and concepts are, however, not new having been outline…

Words 2282 - Pages 10

National Australia Bank Essay

Australia Bank Introduction For any person who first moved to Australia, for education, business or any other purposes, one of their first concerns is always which bank/s are the most trust-worthy. For those who know the answer to this question, a typical response would be, “any of the big four”, which includes the ANZ Bank, Commonwealth Bank of Australia, Westpac Bank, and the National Australia Bank. National Australia Bank is often mentioned as one of the “Big four” in the banking industry…

Words 3854 - Pages 16

Investment Banking Essay example

Companies in this industry underwrite, originate and maintain markets for clients issuing securities; they may also offer advisory services, help facilitate corporate mergers and other deals, or act as principals in buying or selling securities on a spread. Major companies include Goldman Sachs, JP Morgan Merrill Lynch, and Morgan Stanley (all based in the US), as well as Barclays (UK), Deutsche Bank (Germany), Macquarie Group (Australia), Nomura (Japan), and UBS Investment Bank (Switzerland). Worldwide…

Words 2359 - Pages 10