54 articles on "banks"

Hawala, or The Bank That Never Was

la, or The Bank That Never Was by: Sam Vaknin, Ph.D. I. OVERVIEW In the wake of the September 11 terrorist attacks on the USA, attention was drawn to the age-old, secretive, and globe-spanning banking system developed in Asia and known as "Hawa...

Business And Finance  business finance hawala money banks banking islamic networks asia
To Factor or Not to Factor?

To Factor or Not to Factor? by: Marty MilanThe purchasing of accounts receivable (invoices) is generally known as factoring. Businesses can sell their invoices to companies known as factors. Although not all businesses are familiar with factorin...

Business And Finance  business finance factoring businesses loan invoices banks
Hawala, or The Bank That Never Was

Hawala, sometimes referred to as “the bank that never was”, is an alternative remittance system that operates outside of traditional banking channels. It is a method of transferring money without physically moving it, and it is particularly popul...

Business And Finance  business finance hawala money banks banking islamic networks asia
How Banks Create Money

How Banks Create Money by: Tanner Larsson Did you know that banks can “create” money? The vast majority of people have only the vaguest idea of how banks and financial institutions in general, operate. They just go about their lives never un...

Business And Finance  business finance reserve bank money banks deposits
How Banks Create Money

Banks are often seen as institutions that merely store and safeguard money, but in reality, banks have the power to create money. This may come as a surprise to many people, but it is a fundamental aspect of modern banking and a significant driver of...

Business And Finance  business finance reserve bank money banks deposits
To Factor or Not to Factor?

To factor or not to factor? This is a question that many students struggle with when faced with algebraic expressions. On one hand, factoring can make complex expressions more manageable and simpler to solve. On the other hand, factoring can also be ...

Business And Finance  business finance factoring businesses loan invoices banks
The Future Of Banking - Bank Online

The Future Of Banking - Bank Online by: Jakob Jelling Chances are your bank is a virtual place. Since the invention of the Internet you can see your balances anywhere, at any time. Most banks think globally and have acted this way by creating se...

Business And Finance  business finance account accounts banks money holders
Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious

Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious by: George A. Parker There can be more to a bank business loan than making interest and principal payments. Your firm may get a great rate on its new credit line or term loan but you...

Business And Finance  business finance fees rate bank commitment loan banks these
Omnipotent Weapon Enlisted To Halt Nuclear Proliferation: The Almighty Dollar

The Bush administration has finally turned in its battle against nuclear proliferation to the one Western weapon that is apparently downright omnipotent:The Almighty Dollar. Washington has begun to employ the mighty new weapon to cut off Iran and No...

Humor  humor weapon dollar banks almighty north
Avoid Large Bank Processing Fees For US$ Checks

Foreign website operators who join US-based affiliate programs are usually paid in US dollar-denominated checks, drawn on US banks and cashing them through foreign banks often costs a fortune. We can often not present these checks to our local banks ...

Online Business  online business checks small affiliate processing banks only