Assignment is done by sajid ahmad, mehtab khan ,Abdullah khan and waheed rehman
Submitting to madam lalarukh by mean of Email : lalarukhuos@gmail.com
Assignment is related to financial management.
Saving and loan association:
Despite the proliferation of commercial and nonmutual credit sources, savings, and loan associations continue to remain important credit institutions for its members in industrialized and industrializing countries, in particular. The origins and principles of savings and loans associations are not that dissimilar in both industrialized and industrializing countries, namely, small membership based thrift societies (similar to mutual savings banks and credit unions) where members saved and then borrowed on predetermined
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Commercial Banks • Savings & Loan Associations • Central Bank • Credit Unions • Insurance Companies • Mutual Funds • Pension Funds Financial Intermediaries: • Investment Bankers • Brokers • Dealers The Stock Market: • Physical Location Stock Exchange • The Over-the-Counter Market • The NASDAQ stock market Securities: Securities in Money Market: • T-Bill • Negotiable Certificates of Deposits • Commercial Papers • Eurodollars • Banker’s Acceptance Securities in Capital markets: • Bonds • Treasury Notes • Municipal Bonds • Corporate Bonds Types of Finance Companies: • Consumer Finance Companies • Commercial Finance Companies • Sales Finance Companies Insurance …show more content…
Life Insurance Companies • Property and Casualty Insurance Companies • Pension Funds • Annuities Financial Markets: Financial Asset Markets: Financial asset markets, on the other hand deal with stocks, bonds, notes, mortgages and other financial instruments . Spot Markets :Spot markets and future markets the terms that refer to whether the assets are being bought or sold on the spot delivery or for delivery at some future date. Such as six months or a year in future .Money Markets : Are the markets for short term, highly liquid debt securities. The New York and London money markets have long been the world’s largest markets. Mortgage Markets :Deals with loan and residential, commercial and industrial real estate and on formal and .The Primary Market :When a security is created and sold for the first time in the financial marketplace ,the transaction takes place in the primary market. It is also known as Initial Public Offering (IPO)The Secondary Market :Once a security has been issued, it may be traded from one investor to another .The Money Market :Short term securities are traded in money market. Network of dealers operate in this market .The Capital
According to a newspaper report, Reverend H.B. Dodell of the A.M.E. Church deposited eight hundred dollars into the Freedman’s Savings Bank. He lost nearly all of his deposit. The article stated that, “his wife is not the only ‘savings bank’ he will trust!” ("The Georgia Press. Feb 25, 1881,
He based his idea for the bank off the Bank of England and the United State. Jointly owned by the federal government and private investors, the bank would serve for financial and
With a vision to offer the most needed monetary resource, they are persistent in their efforts to deliver a world of right to use, comfortable and accessible financial services. The America First Credit Union is one of the biggest, established and most enlightened credit union in the U.S. with its members possessing it and its foundation not for income generation but to allow its members manage their finances in a way they want. In respect to their positive longing to influence the lives of their members and the public as a whole, they are expanding their business to make sure that the business serves its purpose having encountered financial problems in the olden times.
The Freedmen's savings and trust Company was created by United States congress officials. The Freedmen's saving and trust company were formed into a legal corporation on March 3, 1865, and was then referred to as the Freedmen's Bank. The Freedman's saving and Trust Company was a private corporation that was run by the U.S government to encourage and guide the economic development of newly freed African American communities. The Corporation was created after a nationwide conspiracy. During the Civil War small banks were established throughout the south to collect deposits from black soldiers and fugitive slaves that were working with the armed forces of the Union.
In 1832 there was a proposal to renew its status as a federally regulated financial body that passed congress. The fact that it was a private corporation did not sit well with Andrew Jackson and his fellow Jacksonians because it was controlled by a few wealthy men. When the bill to recharter it arrived at Jackson’s desk, one of the reasons he vetoed it was because it gave the Bank control of the nation’s economy. The Bank would control how financial sources move within the nation and how they leave the nation. Jacksonian Democracy supported “laissez-faire” economics that called for minimal government interference or regulation of the economy.
There were good and bad trusts; bad trusts inflated rates and caused corruption, good trusts benefited the people. Clifford Berryman, a Pulitzer Prize–winning cartoonist with The Washington Star newspaper, designed a picture of Theodore Roosevelt hunting two bears—one bear labeled “BAD TRUSTS” who Roosevelt has destroyed and is stepping on, one bear labeled “GOOD TRUSTS” who Roosevelt has in control and on a leash—in his cartoon “Cartoon of Theodore Roosevelt.” Berryman (Doc. 2) illustrated Theodore Roosevelt as he set out to destroy and control bad trusts, which also scared good trusts and caused them to reform themselves. Louis Brandeis, former American lawyer who served as an associate justice on the Supreme Court of the United States, discusses the destruction that trusts have done to our country in his book “Other People’s Money and How the Bankers Use It.” Brandeis (Doc. 7) states that financial independence was destroyed as each and every trust was created, but also identifies specific trusts that led to this
This paper explains the U.S. financial system to CFO of Jagdambay Exports. I will explain the following questions. 1. Explain the components of a financial market and its relevance to Jagdambay Exports. Be explicit and explain to the CFO how financial markets differ from markets for physical assets and why that difference matters to Jagdambay Exports.
The plan highlighted the use of a national banking system similar to that of the bank of England except it was guaranteed to protect American civil liberties. This banking system would eventually lead to the establishment of several other banks creating a more independent
When the bank just established its branch in South Carolina, people was dubious about what it would bring. However, doubts soon turned into cheers. International cotton and tobacco trading flourished because the British partners trusted our financial system, and the convenience of withdrawing money in any state in America pleased people who travelled frequently for business. “As the demand of cotton from Britain increases, the best thing about the nation bank is,” said Edward Burgess, owner of Burgess Plantation, “ I can borrow freely and store my money safely, and investing the bank seems to be very profitable. It facilitates private business growth and overall economic progress.”
So when the market high, everyone pulls out to make money and pay off loans, it sends the market
Bank of America: Mobile Banking This essay is based on the case “Bank of America: Mobile Banking” which is dated on May 2012. We will first present benefits mobile banking provide to consumers and highlight reasons why many consumers haven’t adopted mobile banking yet. Furthermore, we will look into Bank of America motivation to offer mobile banking to its customers and review associated costs and risks of mobile banking implementation. Then understand what lessons can the bank learn from its online banking operations and analyze costs and benefits of having customers migrate to online banking.
Financial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.
Exposure to credit risk is managed in part by obtaining collateral and corporate and personal guarantees. Counterparty limits are established by the use of a credit classification system, which assigns each counterparty a risk rating. Risk ratings are subject to regular revision. Liquidity Risk Liquidity risk is the risk that the company is unable to meet its payment obligations associated with its financial liabilities when they hall due and to replace funds when they are withdrawn. GK’s liquidity management process, as carried out within the Group through the ALCOs and treasury departments includes: o Monitoring future cash flows and liquidity on a daily basis o Maintaining a portfolio of highly marketable and diverse assets that can easily be liquidated as protection against any unforeseen interruption to cash flow o Maintaining committed lines of credit Currency Risk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates.