Posted March 29th, 2009
by admin
George B asked: What happens when someone pays his debt in a fractional-reserve banking system?
Is only his past debt subtracted from the reserve or also all subsequent debts that was loaned to other people with his initial debt?
For instance, a person A borrows 100$ then it becomes part of the reserve, then a person B can borrows from his deposit 80$, then a person C 64$, given a reserve requirement of 10% for banks.
Tags: Fractional Reserve Banking System, People, Person C
Posted in Economics | 1 Comment »
Posted March 29th, 2009
by admin
Norestrictions asked:
I am applying for a relationship manager position for private banking at a suiss bank, the position requires to bring a high network clients portfolio from central and south america.
After a couple of interviews i have been asked to submit a business plan. Is there a standard form of doing it right?
Any suggestion will be much appreciated,
Thank you very much
Tags: Manager Position, Private Bank, Suggestion
Posted in Financial Services | 2 Comments »
Posted March 29th, 2009
by admin
JB1977 asked:
I always hear about the deregulation of the banking industry in news articles and other web articles and blogs. They say it happened in the 90’s. What happened? How was it deregulated? How restrictive was it before?
Tags: Banking Industry, Deregulation, Web Articles
Posted in Other - Business & Finance | 1 Comment »
Posted March 29th, 2009
by admin
willnyu1982 asked:
I’m interested in the field, but don’t have much experience. I’m interested in Global Markets and would like to get some general information about this field and investment banking in general.
Tags: Associate Level, Global Markets, Investment Banking
Posted in Investing | 1 Comment »
Posted March 29th, 2009
by admin
existence asked:
I intend to go into finance/investment banking (after i graduate and hopefully the economy recovers) . How much salary+ bonus would a NEW investment banking analyst make at an i-bank such as goldman sachs or jp morgan. also, i intend to get a Masters in financial engineering after i graduate from college…..is it even worth it? will it give me a better shot at a higher position at an investment bank or will i have to start at the same level as college graduates?
Tags: College Graduates, Investment Analyst, Salary
Posted in Other - Business & Finance | 1 Comment »
Posted March 28th, 2009
by admin
rainbowshamrock asked:
Should I bother with a 401k plan? Will the U.S. economy still be intact in twenty years? I mean, our resources are dwindling, peace seems much more fragile than ever, countries come and go (looking at history, how even the most powerful empires are not immortal)… This is a pessimistic perspective, but certainly a real concern of mine. Will I have my retirement money in the next twenty, thirty, or forty years?
Tags: 401k Plan, Pessimistic Perspective, Retirement Money
Posted in Economics | 1 Comment »
Posted March 28th, 2009
by admin
ProudArmyWife! asked:
My mother passed away 4 years ago, and I just remembered that she had a 401k plan because it was listed on her paycheck statement (I’m assuming she had the plan, why else would it be on there with an amount next to it right?). Well what happens to that saved up money? Does the company keep it or they just let it float around? I only ask because if anything it’s still my mothers money and technically would belong to her family…so how would one go about claiming it?
Tags: 401k Plan, Money, Retirement
Posted in Personal Finance | No Comments »
Posted March 28th, 2009
by admin
beachbumjeremy asked:
Does anyone know a way to bypass the 401k rules and pull out my money. My wife is having a baby, and we could afford for her to be a stay at home mom if I could just pay off my truck so I want to take the money out and give us a easier start. How comments or other ideas?
Tags: 401k Rules, Money, Stay At Home Mom
Posted in Personal Finance | 9 Comments »
Posted March 28th, 2009
by admin
endless_smiles_2000 asked:
I have over $5000 in my 401k with $4000 of it vested. I need surgery that’s going to be around $3500 after insurance pays it’s share. Can I use that money? If I can’t get the money I’m going to be dead anyway, so I don’t see why I won’t be able to.
Tags: 401k, Insurance, Money
Posted in Personal Finance | 3 Comments »
Posted March 28th, 2009
by admin
jlrwillis02 asked:
I am only 37 years old but have already taken two big hits with my 401k. First was 9/11 and now the finacial mess going on today! Now my employer has stopped matching contributions because of the shape of our economy and a effort to cut expenses and preserve jobs. Would CD’s or Bonds be a better option for retirement savings?
Tags: 401k Contributions, Money, Shape
Posted in Personal Finance | 3 Comments »
