Banking Industry Knowledge
We all know the saying, “money makes the world go round”, So why is it that the majority of the population, primarily those of younger age, have little, if any, knowledge on banks and banking? Any citizen that is of age to be dealing with money, should: know the proper type of bank they need, become familiar with mobile banking, and should know the “in’s and out’s” of handling money and banking. Without this basic knowledge, there is simply no…...
BankBanking IndustryMoneyTechnology
The Effects of Economic Stability on U.S Banking Industry
Economic stability, whether at the national or international level, has far-reaching effects in the banking industry. Economic stability and the health of the banking industry are closely related; declines in economic stability have negative implications on the banking business. As the citation argues, whenever economic crises such as recession or a lowered value of currency plague economies, the banking industry is affected regarding profitability, public confidence, business model and federal regulatory interventions. Firstly, economic instability affects the profitability levels of…...
Banking IndustryCurrencyInterests
Driving Forces in the Banking Industry of the United Arab Emirates
Driving forces are the major underlying causes of change in industry and competitive conditions. The banking industry in the United Arab Emirates is growing and attracting a large number of local and international players. A driving force in the banking industry market is a growing buyer preference from nationals and expats looking for quality and speed in the banking technological services. According to Table 1 in the case, there is an obvious increase in the number of internet users in…...
BankBanking IndustryMoney
The Expansion of the Banking Industry Through Mobile Applications
Mobile Banking has quickly become a part of American society just within the past few years. As more people are starting to carry cell phones with Internet access, or smartphones, the possibilities continue to grow. Smart Phones have arguably penetrated the market since inception faster than any other technology in American history, which also brings the applications that smart phones have to offer. There are more than a million different apps that have been created for use on Smart Phones…...
Banking IndustryBusinessMoneyTechnology
The Ethical Dilemmas of the Workers in the Banking Industry
Banking industry is associated with money-making. Many people believe that banks only exist to accumulate wealth. They lend out money where in turn they collect interest, and on the other hand they invest money from which they also obtain profit. Even though banks are for- profit institutions, this still means that ethical codes and guidelines are crucial in every day transactions. Employees in this industry are facing ethical dilemmas regarding confidentiality, responsibility, conflict of interest, whistleblowing and relationship with the…...
BankBanking IndustryEmploymentEthics
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