Banking Articles

These Banking articles will give you the news and information you need to stay up to date in the ever changing Banking industry.

November 6, 2012 – 1,537 views
Banker Resource
A loan commitment can be used as a transaction, and is critical for a real estate or building construction project. The loan risk can be mitigated by several steps towards the completion of the personal or commercial loan. With the use of these lending risk techniques, commitment letters can be issued, but with measures for safety:... Full Story 
October 30, 2012 – 4,194 views
Banker Resource
Regulation O is the extension of credit to high ranking officials of the member bank such as director, executive officer, or principal shareholder of that financial institution. It can also be the bank holding company where the member bank is a secondary branch. This particular regulation is also extended to political or campaign committee which is controlled by an executive officer of the bank. Regulation O mandates... Full Story 
October 29, 2012 – 1,855 views
Banker Resource
Asset-based lending (ABL) has existed for decades. It has evolved over time from very basic with few alternatives to a first-lien/second lien combination to bifurcated collateral loan structure. Historically, the asset-based lender was regarded as a last-resort lender for those with credit issues. However, the recent lingering economic downturn has led to even more changes in the asset-based lending market... Full Story 
October 23, 2012 – 1,414 views
Banker Resource
Frontline personnel are the staff in organizations who deal directly with ground level employees as opposed to upper managers who have little or no contact with employees in the lower cadres. Frontline managers have a great impact on staff production and performance because they are instrumental in the coaching and motivation of lower level staff. Frontline managers need these certain skills to operate effectively... Full Story 
October 16, 2012 – 1,346 views
Banker Resource
As a banker or teller, one of the things one must do is verify negotiable instruments. Fraudsters have access to many and better printing devices in the 21st Century and will try to pass fraudulent checks any time they can. There are many ways one can avoid this, protect the bank, and stop fraud... Full Story 
October 9, 2012 – 1,509 views
Banker Resource
When employees decide to voluntarily leave their jobs, then the business is experiencing employee attrition. Many employers especially in the banking sector do not like employee attrition because it disrupts the development of projects and puts an unnecessary load on other employees. In most cases, employees leave their jobs when they realize that they can be offered better working conditions as well as pay and benefits by other employers. There are three important tips that employers can utilize to maintain a win-win situation between employers and employees... Full Story 
September 24, 2012 – 1,260 views
Banker Resource
The U.S. Small Business Administration loan process provides a unique, government-sponsored financial help to thousands of small businesses every year. However, each loan has to also meet certain criteria in terms of documentation for it to be allowed. All the criteria together provide a proper filtering of loan applications to direct loan funds to those small businesses that should be helped per government loan rules. Failure to secure this information can make... Full Story 
September 19, 2012 – 1,311 views
Banker Resource
The Foreign Account Tax Compliant Act (FATCA) was enacted as part of the Hiring Incentives to Restore Employment Act (HIRE) in 2010. FATCA was designed to combat tax evasion through offshore investment accounts. The provisions of FATCA call for most U.S. taxpayers with foreign financial assets to report those assets to the Internal Revenue Service (IRS). In addition, foreign financial institutions (FFIs) providing accounts to U.S. taxpayers or foreign companies... Full Story