representative is Steve Russell of the 5th District. He has a wife and five children and was born in Choctaw‚ OK. He received a MA in History at Command and General Staff College and a BA in Public Speaking at Ouachita Baptist University in 1985. He served in the US Army from 1985-2006 as a lieutenant colonel‚ he was a military adviser‚ a political speaker‚ and a business owner. I am surprised that he could be a US Representative without ever getting a degree in law. Steve Russell receives monetary contributions
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People’s Bank of China The People’s Bank of China is the is the central bank of People’s Republic of China with the power to control monetary policy and regulate the financial institutions in mainland China. The People’s Bank of China has more financial assets than any other single public finance institution in world history. History: The bank was established on December 1‚ 1948 based on consolidation of Huabei Bank‚ the Beihai Bank and the Xibei Farmer Bank. The headquarter was first located
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tSTRUCTURE OF BANKS Commercial banks can be divided into 2 main categories: (1) Scheduled banks (2) Non-scheduled banks (1) Scheduled bank: A scheduled bank is so called because it has been included in the second schedule of Reserve bank of India Act‚ 1934. To be included in the schedule‚ the bank must satisfy the following 3 conditions: (a) It must have paid up capital and reserves of an aggregate value of at least Rs. 5 lakhs; (b) It must satisfy the reserve bank that its affairs
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roles played by bank capital in the banking business. This report briefly outlines the main functions of bank capital and takes a brief look at the benefits of bank capital to the bank and the banking industry. It is hoped that from reading this paper a general understanding of the roles of bank capital in the banking business can be gained. Bank Capital A bank ’s capital also known as equity is the margin by which creditors are covered if the bank ’s assets were liquidated. A bank must hold enough
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Case 7-1: Case Study Paper On: Great Western Bank I. PROBLEM STATEMENT: The Great Western Bank of San Diego placed an order of 12 special purpose accounting machines with the Data Max Corporation of Cincinnati‚ OH. Great Western Bank and Data Max‚ both agreed to a firm-fixed price of $9‚500 per unit and FOB the shipping point. The purchasing manager of the bank designated a particular carrier (yellow freight) and Data Max returned the signed acknowledgement without making
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industry in Bangladesh The commercial banking system dominates Bangladesh’s financial sector. Bangladesh Bank is the Central Bank of Bangladesh and the chief regulatory authority in the sector. The banking system is composed of four state-owned commercial banks‚ five specialized development banks‚ thirty private commercial Banks and nine foreign commercial banks. The Nobel-prize winning Grameen Bank is a specialized micro-finance institution‚ which revolutionized the concept of micro-credit and contributed
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MBA RESEARCH PROJECT UNITED BANK LIMITED SARAH NADEEM MBA - 2012 LAHORE SCHOOL OF ECONOMICS BURKI CAMPUS‚ LAHORE. MBA BUSINESS RESEARCH PROJECT UNITED BANK LIMITED THE IMPACT OF ANNUAL MEMBERSHIP FEE AND CHIP MAINTENANCE FEE ON UBL’S CREDIT CARD PRODUCT By SARAH NADEEM ____________________ ______________________ SUPERVISOR EXAMINER Prof. F. A. Fareedy ____________ SEC. C‚ TA: Ms. Huda Anees LAHORE SCHOOL OF ECONOMICS‚ 2012. Table
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Deutsche Bank and the Road to Basel III Deutsche Bank made its entrance into the world in 1870 and it was one of the first banks to adopt universal banking as it promoted and facilitated trade relations between Germany and other overseas markets. Deutsche Bank acquired smaller banks in Germany in order to be the most prominent bank in their home base in addition to having a global reach. Following World War I‚ inflation took over Germany causing many borrowers to default on their loans forcing the
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The Bank of Korea (BOK) is the central bank of South Korea and issuer of South Korean won. It was established on June 12‚ 1950 atSeoul‚ South Korea. The Bank’s primary purpose is price stability. For that‚ the Bank targets inflation. The 2010–12 target is consumer price inflation of 3.0 ± 1%. ------------------------------------------------- History The Bank of Korea was established on June 12‚ 1950 under the Bank of Korea Act. Following liberation on August 15‚ 1945‚ the Korean economy was
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19201/2010 BANKING & INSURANCE CENTRAL BANK A central Bank is a public institution that usually issues the currency‚ regulates the money supply‚ and controls the interest rates in a country. The central bank often also oversees the commercial Banking system within its country. A central Bank is distinguished from a normal commercial bank because it has a monopoly and creating the currency of that nation‚ which is usually that Nations legal tender. Central Bank of Kenya is the highest Banking institution
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