Summary of John Goddard & John O. S. Wilson's Banking , livre ebook

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21 pages

English

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 A bank is an institution that accepts deposits from savers, extends loans to borrowers, and provides a range of other financial services to its customers. Banks are a central part of the modern financial system.
#2 The global financial crisis of 2007–9 was a rude awakening for many commentators who had believed that modern, technologically sophisticated banks would always be able to provide ample finance for borrowers seeking to invest.
#3 The first banknotes were issued by the Bank of England in 1694. The population of small private banks increased in the 18th century, but many lacked the resources to withstand financial shocks. Legislation passed in 1826 granted banknote-issuing powers to private banks with more than six partners headquartered outside a 65-mile radius of London.
#4 The year 1844 saw the establishment of a banking code, which detailed the governance, management, and financial reporting of banks. This led to the case for shareholder banks to be granted limited liability status and brought under the wings of general joint stock company law.

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General

Business

Economics

General officer

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Publié par	Everest Media LLC
Date de parution	16 mai 2022
Nombre de lectures	0
EAN13	9798822512658
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0100€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Insights on John Goddard & John O. S. Wilson's Banking
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7
Insights from Chapter 1

#1

A bank is an institution that accepts deposits from savers, extends loans to borrowers, and provides a range of other financial services to its customers. Banks are a central part of the modern financial system.

#2

The global financial crisis of 2007–9 was a rude awakening for many commentators who had believed that modern, technologically sophisticated banks would always be able to provide ample finance for borrowers seeking to invest.

#3

The first banknotes were issued by the Bank of England in 1694. The population of small private banks increased in the 18th century, but many lacked the resources to withstand financial shocks. Legislation passed in 1826 granted banknote-issuing powers to private banks with more than six partners headquartered outside a 65-mile radius of London.

#4

The year 1844 saw the establishment of a banking code, which detailed the governance, management, and financial reporting of banks. This led to the case for shareholder banks to be granted limited liability status and brought under the wings of general joint stock company law.

#5

The first attempt to establish a government bank in the United States was the Bank of North America, which was established in 1782. It was followed by the First Bank of the United States, which was established in 1791 and refused a renewal of its charter in 1811.

#6

The national banking era (1863–1913) saw the emergence of the dual system in the United States, in which federally- and state-chartered banks coexist. Deprived of their powers to issue banknotes, the state-chartered banks survive by expanding deposit-taking.

#7

In the United States, mutuals include Savings and Loan associations, also known as thrifts. SLs were modeled on UK building societies, and members subscribed to shares, purchased in monthly instalments, and could borrow funds for a house purchase in proportion to their shareholdings.

#8

A bank’s balance sheet shows the financial structure and condition of the company, and its liabilities are funds that it has borrowed from its customers. Its assets are the funds it has invested or applied to build a portfolio of assets that generate profits for shareholders.