Thursday, May 19, 2016

Bank of Japan

Bank of Japan


Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations, but the New Currency Act of Meiji 4 (1871) did away with these and established the yen as the new decimal currency, which had parity with the Mexican silver dollar.The former han (fiefs) becameprefectures and their mints became private chartered banks which, however, initially retained the right to print money. For a time both the central government and these so-called "national" banks issued money. A period of unanticipated consequences was ended when the Bank of Japan was founded in Meiji 15 (October 10, 1882), under the Bank of Japan Act 1882 (June 27, 1882), after a Belgian model. It has since been partly privately owned (its stock is traded over the counter, hence the stock number). A number of modifications based on other national banks were encompassed within the regulations under which the bank was founded.The institution was given a monopoly on controlling the money supply in 1884, but it would be another 20 years before the previously issued notes were retired.

Following the passage of the Convertible Bank Note Regulations (May 1884), the Bank of Japan issued its first banknotes in 1885 (Meiji 18). Despite some small glitches—for example, it turned out that the konnyaku powder mixed in the paper to prevent counterfeiting made the bills a delicacy for rats—the run was largely successful. In 1897, Japan joined the gold standard, and in 1899 the former "national" banknotes were former "national" banknotes were formally phased out.

Since its Meiji era beginnings, the Bank of Japan has operated continuously from main offices in Tokyo and Osaka.

Reorganization


The Bank of Japan was reorganized in 1942[1] (fully only after May 1, 1942), under the Bank of Japan Act of 1942 (日本銀行法 昭和17年法律第67号?), promulgated on February 24, 1942. There was a brief post-war period during the Occupation of Japan when the bank's functions were suspended, and military currency was issued. In 1949, the bank was again restructured.[1]

In the 1970s, the Bank's operating environment evolved along with the transition from a fixed foreign currency exchange rate and a rather closed economy to a large open economy with a variable exchange rate.

During the entire post-war era, until at least 1991, the Bank of Japan's monetary policy has primarily been conducted via its 'window guidance' (窓口指導) credit controls (which are the model for the Chinese central bank's primary tool of monetary policy implementation), whereby the central bank would impose bank credit growth quotas on the commercial banks. The tool was instrumental in the creation of the 'bubble economy' of the 1980s. It was implemented by the Bank of Japan's then 'Business Department' (営業局), which was headed during the 'bubble years' from 1986 to 1989 by Toshihiko Fukui (who became deputy governor in the 1990s and governor in 2003).

A major 1997 revision of the Bank of Japan Act (jp) was designed to give it greater independence;[10] however, the Bank of Japan has been criticized for already possessing excessive independence and lacking in accountability before this law was promulgated.[11] A certain degree of dependence might be said to be enshrined in the new Law, article 4 of which states:In recognition of the fact that currency and monetary control is a component of overall economic policy, the Bank of Japan shall always maintain close contact with the government and exchange views sufficiently, so that its currency and monetary control and the basic stance of the government's economic policy shall be mutually harmonious.

However, since the introduction of the new law, the Bank of Japan has persistently rebuffed government requests to stimulate the economy.

Following the election of Prime Minister Shinzō Abe, the Bank of Japan has, with Abe's urging, taken proactive steps to curb deflation in Japan. On October 30, 2012, The Bank of Japan announced that it has undertaken further monetary-easing action for the second time in a month.[13] Under the leadership of new Governor Haruhiko Kuroda, the Bank of Japan released a statement on April 5, 2013 announcing that it would be purchasing securities and bonds at a rate of 60-70 trillion yen a year in an attempt to double Japan's money base in two years.

Mission

According to its charter, the missions of the Bank of Japan are:
1.Issuance and management of banknotes
2.Implementation of monetary policy
3.Providing settlement services and ensuring the stability of the financial system
4.Treasury and government securities-related operations
5.International activities
6.Compilation of data, economic analyses and research activities

Bank of America

Bank of America


Bank of America (abbreviated as BoA or BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets.[5] As of 2013, Bank of America is the twenty-first largest company in the United States by total revenue. In 2010, Forbes listed Bank of America as the third biggest company in the world.

Bank of America provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans.

The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in the investment banking market.[8] According to the Scorpio Partnership Global Private Banking Benchmark 2014 it had assets under management (AuM) of USD 1,866.6 Bn an increase of 12.5% on 2013.

The company held 12.2% of all bank deposits in the United States in August 2009, and is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase and Wells Fargo—its main competitors. Bank of America operates—but does not necessarily maintain retail branches—in all 50 states of the United States, the District of Columbia and more than 40 other countries. It has a retail banking footprint that serves approximately 50 million consumer and small business relationships at 5,151 banking centers and 16,259 automated teller machines (ATMs).
Bank of America has been the subject of several lawsuits and investigations regarding both mortgages and financial disclosures dating back to the financial crisis, including a record settlement of $16.65 billion on August 21, 2014.

Sunday, May 15, 2016

Credit default swap

Credit default swap


A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer (usually the creditor of the reference loan) in the event of a loan default (by the debtor) or other credit event. This is to say that the seller of the CDS insures the buyer against some reference loan defaulting. The buyer of the CDS makes a series of payments (the CDS "fee" or "spread") to the seller and, in exchange, receives a payoff if the loan defaults. It was invented by Blythe Mastersfrom JP Morgan in 1994.

In the event of default the buyer of the CDS receives compensation (usually the face value of the loan), and the seller of the CDS takes possession of the defaulted loan.[1] However, anyone can purchase a CDS, even buyers who do not hold the loan instrument and who have no direct insurable interest in the loan (these are called "naked" CDSs). If there are more CDS contracts outstanding than bonds in existence, a protocol exists to hold a credit event auction; the payment received is usually substantially less than the face value of the loan.


Credit default swaps have existed since 1994, and increased in use after 2003. By the end of 2007, the outstanding CDS amount was $62.2 trillion, falling to $26.3 trillion by mid-year 2010 and reportedly $25.5 trillion in early 2012. CDSs are not traded on an exchange and there is no required reporting of transactions to a government agency. During the 2007-2010 financial crisis the lack of transparency in this large market became a concern to regulators as it could pose a systemic risk. In March 2010, the Depository Trust & Clearing Corporation (see Sources of Market Data) announced it would give regulators greater access to its credit default swaps database.

CDS data can be used by financial professionals, regulators, and the media to monitor how the market views credit risk of any entity on which a CDS is available, which can be compared to that provided by the Credit Rating Agencies. U.S. Courts may soon be following suit.

Thursday, May 12, 2016

Industrial and Commercial Bank of China

Industrial and Commercial Bank of China



Industrial and Commercial Bank of China Ltd. (ICBC; simplified Chinese: 中国工商银行; traditional Chinese: 中國工商銀行;pinyin: Zhōngguó Gōngshāng Yínháng, more commonly just 工行 Gōngháng) is a Chinese multinational banking company, and the largest bank in the world by total assets and by market capitalization. It is one of China's 'Big Four' state-owned commercial banks (the other three being the Bank of China, Agricultural Bank of China, and China Construction Bank). It was founded as a limited company on January 1, 1984. As of March 2014, it had assets of US$3.62 trillion. Generally considered the largest bank in the world by assets; it is the first Chinese bank to achieve such a feat It ranks number 1 in The Banker's Top 1000 World Banks ranking, and first on the Forbes Global 2000 list of the world's biggest public companies.

ICBC was simultaneously listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange on 27 October 2006. It was the world's largest IPO at that time valued at US$21.9 billion, surpassing the previous record US$18.4 billion IPO by Japan's NTT DoCoMo in 1998. In 2010, Ag Bank broke ICBC's IPO record when it raised $22.1 billion. China's largest commercial bank was also the first company to debut simultaneously on both the Hong Kong and Shanghai stock exchanges.

ICBC raised at least US$14 billion in Hong Kong (H-shares) and another US$5.1 billion in Shanghai (A-shares). Due to heavy subscriptions, the greenshoe (i.e. over-allotment) placements were exercised and ICBC's take rose to US$21.9 billion (17% of ICBC's market value before the IPO), divided in US$16 billion in Hong Kong and US$5.9 billion in Shanghai. Following the global offering, the free float of shares was 22.14% of the market capitalization.

At the end of its first day of trading, the bank's shares closed up almost 15% at HK$3.52 in Hong Kong, compared with the listing price of HK$3.07, which was set at the top of the indicative range due to the strong demand. According to Bloomberg, ICBC's market capitalisationat the end of trade based on its Hong Kong shares was US$156.3 billion, making its equity the world's fifth highest among banks, just behind JPMorgan Chase. Meanwhile, ICBC's Shanghai-listed A-shares recorded more modest gains and ended up 5.1% from the offering price of RMB 3.1

As of 2006, ICBC has 2.5 million corporate customers and 150 million individual customers. In 2005, net profit was up 12.4% to RMB 33.7 billion, and the total loan balance was RMB 3,289.5 billion. Total liabilities are RMB 6,196.2 billion, up 11.2%. Delinquent or non-performing loans (NPL) total RMB 154.4 billion, a significant reduction although the figures are widely regarded as being somewhat higher than officially stated. It has an NPL ratio of 4.69% and a capital adequacy ratio of 9.89%.

As of December 2, 2014, ICBC is ranked the largest bank in the world by assets and by tier 1 capital. In July 2007 it was ranked 30th in the world in terms of revenue.

In 2008 ICBC was the first Chinese Bank to adopt the Equator Principles, an international set of social and environmental standards for financial institutions launched in 2003.It has also adopted the Green Credit Policy launched in 2007 by the Chinese Ministry of Environmental Protection. International environmental groups have criticized ICBC for failing to adhere to its social environmental standards and of being hypocritical, because ICBC is involved in the financing of the controversial Gilgel Gibe III Dam in Ethiopia.
China Construction Bank

China Construction Bank



China Construction Bank Corporation (CCB; simplified Chinese: 中国建设银行; traditional Chinese: 中國建設銀行; pinyin:Zhōngguó Jiànshè Yínháng; often abbreviated as 建行; SSE: 601939, SEHK: 0939, OTC Pink: CICHY) is one of the "big four"banks in the People's Republic of China. In 2015 CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York, Seoul, Singapore, Tokyo, Melbourne, Sydney and Auckland, and a wholly owned subsidiary in London. Its total assets reached CN¥ 8.7 trillion in 2009. Its headquarters is in Xicheng District,Beijing.

In 2005, Bank of America acquired a 9% stake in China Construction Bank for US$3 billion. It represented the company's largest foray into China's growing banking sector. Bank of America currently has offices in Hong Kong, Shanghai, and Guangzhou and sought to expand its Chinese business as a result of this deal.

On or about 5 June 2008, Bank of America purchased 6 billion H-shares for approximately HK$2.42 per share using call options under a formula in the initial acquisition agreement. Bank of America now holds about 25.1 billion H-shares, representing about 10.75% of CCB's issued shares. Bank of America may not sell the 6 billion shares that it purchased from Huijin using the call option before 29 August 2011 without prior consent of CCB. Bank of America still has the option to purchase additional shares.

In May 2009, speculation was raised that US$7.3 billion worth of CCB shares had been sold by BoA, to help bolster capital during stress testing.

On August 29, 2011, Bank of America announced it would sell approximately half its stake in CCB (13.1 billion shares worth about US$8.3 billion) to an undisclosed group of investors.

In September 2013, Bank of America sold its remaining stake in the China Construction Bank for as much as $1.5 billion.

In 2006, CCB acquired Bank of America (Asia), which started in 1912 in Hong Kong as Bank of Canton, and had a subsidiary in Macao.

CCB opened a London office on 2 June 2009.
In 2008, CCB submitted an application to the New York State Banking Department and the Federal Reserve Board to establish a branch in New York City. CCB officially opened its New York branch on 6 June 2009.


In 2013, CCB opened its European Headquarters in Luxembourg.
China Construction Bank investment division launched a CN¥5 billion (US$731.3 million) fund called China Healthcare Investment Fund to focus on investments in China's rapidly growing healthcare sector. The fund focuses on investments in healthcare related sectors including pharmacy, medical equipment manufacturing, medical institutions and services. It is the first domestic investment fund

specializing in investments in China's healthcare industry.
In late 2005, China Construction Bank made an initial public offering on the Hong Kong Stock Exchange (SEHK: 0939). Since its listing, the share price has risen about 50% (since February 2006). In late 2007, it made China's second-largest initial public offering of CN¥57.12 billion (US$7.6 billion) on the Shanghai Stock Exchange (SSE: 601939).
Bank of China

Bank of China

Bank of China Limited (simplified Chinese: 中国银行; traditional Chinese: 中國銀行; pinyin: Zhōngguó Yínháng; often abbreviated as 中銀 (in Hong Kong) or 中行 (in mainland)) is one of the 5 biggest state-owned commercial banks in China.

It was founded in 1912 by the Republican government to replace the Imperial Bank of China. It is the oldest bank in mainland China still in existence. From its establishment until 1942, it issued banknotes on behalf of the Government along with the "Big Four" banks of the period: the Farmers Bank of China, Bank of Communications and Central Bank of the Republic of China. Its headquarters are in Xicheng District, Beijing.

As of 31 December 2009, it was the second largest lender in China overall, and the 5th largest bank in the world by market capitalization value. As of 30 June 2015, it has the third highest proportion of interest payable of Chinese companies.

It has over RMB6,951.68 billion in assets, making it part of the Fortune Global 500 for the past 17 years.
It is the second largest lender in China overall, the largest lender to non-institutions, and the largest foreign exchange lender (the largest lender in China is the Industrial and Commercial Bank of China).

All overseas branches are only affiliated with Bank of China branches in China. That means that if you deposit money in a China branch, you cannot access your money in overseas branches.

Bank of China, New York internet banking is available for US dollar accounts and online access to stop payments, wire transfers and remittances. Great Wall debit MasterCard is available to account holders.
Bank of China, New York has two locations: 410 Madison (open Monday - Friday) and 42 East Broadway (open seven days). It also operates as a functional 24/7 clearinghouse for wire transfers and stop payments (allowing real time payments to China).
Although it is not a central bank, the Bank of China is licensed to issue banknotes in two of China's Special Administrative Regions. Until 1942, the Bank of China issued banknotes in mainland China on behalf of the Government of the Republic of China. Today, the Bank issues banknotes in Hong Kong and banknotes in Macau (under thePortuguese name "Banco da China, Sucursal de Macau"), along with other commercial banks in those regions

.As of 30 September 2015, largest shareholders of the Bank of China ordinary shares (both A shares and H shares) were:

China Central Huijin (an investment arm of the government of the People's Republic of China): 64.63% (A shares)
HKSCC Nominees Limited (nominee account): 27.78% (H shares)
China Securities Finance (state-owned legal person): 2.90% (A share]

As of 30 September 2015, largest shareholders of the Bank of China preference shares (both domestic and offshore) were:

The Bank of New York Mellon (custodian bank): 39.96% (offshore)
China Mobile Communications: 18.01% (domestic)
China National Tobacco Corporation: 5.00% (domestic)
Zhongwei Real Estate: 3.00% (domestic)
Agricultural Bank of China

Agricultural Bank of China

Agricultural Bank of China Limited (ABC, simplified Chinese: 中国农业银行; traditional Chinese: 中國農業銀行; pinyin: Zhōngguó Nóngyè Yínháng), also known as Ag Bank or 农行 Nóngháng, is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong,London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.

ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China's third largest lender by assets. ABC went public in mid-2010, fetching the world's biggest ever initial public offering (IPO) at the time, since overtaken by another Chinese company, Alibaba. As of 2011, it ranks 8th among the Top 1000 World Banks,meanwhile In 2015, it ranks 3rd in Forbes’ 13th annual Global 2000 ranking of the biggest, most powerful and most valuable companies in the world.

ABC was the last of the "big four" banks in China to go public. In 2010, A shares and H shares of Agricultural Bank of China were listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange respectively. Each share was set to cost between 2.7
RMB and 3.3 RMB per share. H shares were set to cost between HK$2.88 and HK$3.48 per share.The final share price for the IPO launch was issued on July 7, 2010. On completion in August 2010 it became the world's biggest initial public offering (IPO) surpassing the one set by Industrial and Commercial Bank of China in 2006 of US$21.9 billion. This record has since been beaten by another Chinese company, Alibaba, in 2014.

ABC raised US$19.21 billion in an IPO in Hong Kong and Shanghai on July 6, 2010, before over allotment options were exercised. On August 13, 2010, ABC officially completed the world's largest initial public offering, raising a total of $22.1 billion after both Shanghai and Hong Kong's over-allotments were fully exercised. The IPO was once thought to be able to raise US$30 billion, but weaker market sentiment dampened the value. Despite a 15-month low for the Chinese benchmark index, the IPO was said to have gone smoothly.

CICC, Goldman Sachs, and Morgan Stanley led the Hong Kong offering, with JP Morgan, Macquarie, Deutsche Bank and ABC's own securities unit also involved. CICC, Citic Securities, Galaxy and Guotai Junan Securities handled the Shanghai portion. ABC sold about 40% of the Shanghai offering to 27 strategic investors including China Life Insurance and China State Construction. They were subject to lock-up periods of 12–18 months. Eleven cornerstone investors were selected for its Hong Kong share offering, including Qatar Investment Authority and Kuwait Investment Authority, taking a combined $5.45 billion worth of shares.

Since the establishment of the People's Republic of China in 1949, ABC has been formed and abolished several times. In 1951, two banks of the Republic of China, Farmers Bank of China and Cooperation Bank, merged to form the Agricultural Cooperation Bank, which ABC regards as its ancestor. However, the bank was merged into People's Bank of China, the central bank in 1952. The first bank bearing the name Agricultural Bank of China was founded in 1955, but it was merged into the central bank in 1957. In 1963 the Chinese government formed another agricultural bank which was also merged into the central bank two years later. Today's Agricultural Bank of China was founded in February 1979. It was restructured to form a holding company called Agricultural Bank of China Limited. It was listed on the Shanghai and Hong Kong stock exchanges in July 2010.

In April 2007, ABC was the victim of the largest bank robbery in Chinese history. This occurred when two vault managers at the Handan branch of the bank in Hebei province embezzled almost 51 million yuan 

In 2012, ABC started a project to migrate to the Avaloq Banking System.

During the 2013 Korean crisis, the Agricultural Bank of China halted business with a North Korean bank accused by the United States of financing Pyongyang's missile and nuclear programs.
Bank of America

Bank of America



Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets. As of 2013, Bank of America is the twenty-first largest company in the United States by total revenue. In 2010, Forbes listed Bank of America as the third biggest company in the world.

Bank of America provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans.

The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in the investment banking market.[8] According to the Scorpio Partnership Global Private Banking Benchmark 2014 it had assets under management (AuM) of USD 1,866.6 Bn an increase of 12.5% on 2013.

The company held 12.2% of all bank deposits in the United States in August 2009, and is one of the Big Four banks in the United States, along with Citigroup, JP Morgan Chase and Wells Fargo—its main competitors Bank of America operates—but doesn't necessarily maintain retail branches—in all 50 states of the United States, the District of Columbia and more than 40 other countries. It has a retail banking footprint that serves approximately 50 million consumer and small business relationships at 5,151 banking centers and 16,259 automated teller machines (ATMs).
Bank of America has been the subject of several lawsuits and investigations regarding both mortgages and financial disclosures dating back to the financial crisis, including a record settlement of $16.65 billion on August 21, 2014.

In 1997, Bank of America lent D. E. Shaw & Co., a large hedge fund, $1.4 billion in order to run various businesses for the bank.However, D.E. Shaw suffered significant loss after the 1998 Russia bond default. Bank America was acquired by Nations Bank of Charlotte in October 1998 in what was the largest bank acquisition in history at that time.

While NationsBank was the nominal survivor, the merged bank took the better-known name of Bank of America. Hence, the holding company was renamed Bank of America Corporation, while NationsBank, N.A. merged with Bank of America NT&SA to form Bank of America, N.A. as the remaining legal bank entity. The combined bank still operates under Federal Charter 13044, which was granted to Giannini's Bank of Italy on March 1, 1927. However, the merged company is headquartered in Charlotte and retains NationsBank's pre-1998 stock price history. Additionally, all U.S. Securities and Exchange Commission (SEC) filings before 1998 are listed under NationsBank, not Bank of America. NationsBank president, chairman and CEO Hugh McColl took on the same roles with the merged company.

Bank of America possessed combined assets of $570 billion, as well as 4,800 branches in 22 states. Despite the mammoth size of the two companies, federal regulators insisted only upon the divestiture of 13 branches in New Mexico, in towns that would be left with only a single bank following the combination. (Branch divestitures are only required if the combined company will have a larger than 25% Federal Deposit Insurance Corporation (FDIC) deposit market share in a particular state or 10% deposit market share overall.) In addition, the combined broker-dealer, created from the integration of Bank America Robertson Stephens and Nations Bank Montgomery Securities, was renamed Banc of America Securities in 1998.

On August 3, 2009, Bank of America agreed to pay a $33 million fine, without admission or denial of charges, to the U.S. Securities and Exchange Commission (SEC) over the non-disclosure of an agreement to pay up to $5.8 billion of bonuses at Merrill. The bank approved the bonuses before the merger but did not disclose them to its shareholders when the shareholders were considering approving the Merrill acquisition, in December 2008. The issue was originally investigated by New York State Attorney General Andrew Cuomo, who commented after the suit and announced settlement that "the timing of the bonuses, as well as the disclosures relating to them, constituted a 'surprising fit of corporate irresponsibility'" and "our investigation of these and other matters pursuant to New York's Martin Act will continue." Congressman Kucinich commented at the same time that "This may not be the last fine that Bank of America pays for how it handled its merger of Merrill Lynch." A federal judge, Jed Rakoff, in an unusual action, refused to approve the settlement on August 5.A first hearing before the judge on August 10 was at times heated, and he was "sharply critic[al]" of the bonuses. David Rosenfeld represented the SEC, and Lewis J. Liman, son of Arthur L. Liman, represented the bank. The actual amount of bonuses paid was $3.6 billion, of which $850 million was "guaranteed" and the rest was shared amongst 39,000 workers who received average payments of $91,000; 696 people received more than $1 million in bonuses; at least one person received a more than $33 million bonus.Before Bank of America's acquisition of Merrill Lynch, the Global Corporate and Investment Banking (GCIB) business operated as Banc of America Securities LLC. The bank's investment banking activities operate under the Merrill Lynch subsidiary and provided mergers and acquisitions advisory, underwriting, capital markets, as well as sales & trading in fixed income and equities markets. Its strongest groups include Leveraged Finance, Syndicated Loans, and mortgage-backed securities. It also has one of the largest research teams on Wall Street. Bank of America Merrill Lynch is headquartered in New York City.

Global Wealth and Investment Management (GWIM) manages assets of institutions and individuals. It is among the 10 largest U.S. wealth managers (ranked by private banking assets under management in accounts of $1 million or more as of June 30, 2005). In July 2006, Chairman Ken Lewis announced that GWIM's total assets under management exceeded $500 billion. GWIM has five primary lines of business: Premier Banking & Investments (including Bank of America Investment Services, Inc.), The Private Bank, Family Wealth Advisors, and Bank of America Specialist.

Bank of America has spent $675 million building its U.S. investment banking business and is looking to become one of the top five investment banks worldwide. "Bank of America already has excellent relationships with the corporate and financial institutions world. Its clients include 98% of the Fortune 500 companies in the U.S. and 79% of the Global Fortune 500. These relationships, as well as a balance sheet that most banks would kill for, are the foundations for a lofty ambition."

Bank of America has a new headquarters for its operations at the Bank of America Tower, New York City. The skyscraper is located on 42nd Street and Avenue of the Americas, at Bryant Park, and features state-of-the-art, environmentally friendly technology throughout its 2.1 million square feet (195,096 m²) of office space. The building is the headquarters for the company's investment banking division, and also hosts most of Bank of America's New York-based staff.
Crédit Agricole

Crédit Agricole




Crédit Agricole, sometimes called the “Green Bank” because of its historical ties to farming, is a French network of cooperative and mutual banks comprising the 39 Crédit Agricole Regional Banks. In 1990,it became an international full-service banking group. It is listed through its holding company, Crédit Agricole S.A., on Euronext Paris’ first market and is part of the CAC 40 stock market index. In 2013, the Crédit Agricole Group reported revenues of €26.4 billion.

In 1966, as part of efforts to boost savings and remove Crédit Agricole from its budget, the government gave CNCA financial autonomy. Savings inflows no longer passed through the Treasury, and CNCA was now responsible for balancing the surpluses and deficits of the Regional Banks. The 1971 "Rurality Act" extended Crédit Agricole’s potential financing sources to rural zones and to new types of customers, such as craftsmen and food producers. Lending to SMEs and mid-tier firms followed after.

The Banking Reform of 1966 allowed the organisation to offer households the same products as those provided by competitors, including passbook accounts and home savings plans.

The first subsidiaries were set up at the end created in 19t and crédit to grant loans to food producers in 1971.Crédit Agricole began distributing home purchase savings products from 1967, government-regulated mortgages from 1972 and first-time-buyer loans in 1977.

In 1976, the Group adopted the slogan "le bon sens près de chez vous" ("common sense close to home").

The group’s acquisitions enabled it to strengthen its leadership in French retail banking, expand its position in corporate and investment banking and build up its international network of branches and subsidiaries. By now, the group was the number-one bank in France with 28% of the domestic market, the global number-two by revenues and number-ten by profits, according to Fortune magazine, and number-15 worldwide according to Forbes rankings.
Deutsche Bank

Deutsche Bank

Deutsche Bank AG (l is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt. It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent. The company is a component of the Euro Stoxx 50 stock market index.

the bank offers financial products and services for corporate and institutional clients along with private and business clients. Services include sales, trading, research and origination of debt and equity; mergers and acquisitions (M&A); risk management products, such as derivatives, corporate finance, wealth management, retail banking, fund management, and transaction banking.

On 26 July 2011, along with its second quarter earnings report, Deutsche Bank reported that Anshu Jain, head of investment banking and Juergen Fitschen, head of the German business, would replace Josef Ackermann as co-CEOs starting in 2012. Fears that Deutsche Bank could neglect its German roots and expand risk-taking activities prompted key members of the supervisory board to opt for the dual CEO model.Deutsche Bank is listed on both the Frankfurt (FWB) and New York stock exchanges (NYSE).

On 7 June 2015, the co-CEOs, Juergen Fitschen and Anshu Jain, both offered their resignations to the bank's supervisory board, which resignations were accepted. Anshu Jain's resignation took effect on 30 June 2015, but he provided consultancy to the bank until January 2016. Juergen Fitschen will temporarily continue as joint CEO until 19 May 2016. The appointment of John Cryan as joint CEO was announced, effective 1 July 2015; he will become sole CEO at the end of Juergen Fitschen's term.

In January 2014 Deutsche Bank reported a €1.2 billion ($1.6 billion) pre-tax loss for the fourth quarter of 2013. This came after analysts had predicted a profit of nearly €600 million, according to FactSet estimates. Revenues slipped by 16% versus the prior year.

Deutsche Bank was one of the major drivers of the collateralized debt obligation (CDO) market during the housing credit bubble from 2004 to 2008, creating ~$32,000,000,000 worth. The 2011 US Senate Permanent Select Committee on Investigations report on Wall Street and the Financial Crisis analyzed Deutsche Bank as a 'case study' of investment banking involvement in the mortgage bubble, CDO market, credit crunch, and recession. It concluded that even as the market was collapsing in 2007, and its top global CDO trader was deriding the CDO market and betting against some of the mortgage bonds in its CDOs, Deutsche bank continued to churn out bad CDO products to investors.

The report focused on one CDO, Gemstone VII, made largely of mortgages from Long Beach, Fremont, and New Century, all notorious subprime lenders. Deutsche Bank put risky assets into the CDO, like ACE 2006-HE1 M10, which its own traders thought was a bad bond. It also put in some mortgage bonds that its own mortgage department had created but couldn't sell, from the DBALT 2006 series. The CDO was then aggressively marketed as a good product, with most of it being described as having A level ratings. By 2009 the entire CDO was almost worthless and the investors (including Deutsche Bank itself) had lost most of their money.

The bank has been widely recognized for its transformation over the ten years between 2002 until 2012 for moving from a German-centric organization that was renowned for its retail and commercial presence to a global investment bank that is less reliant on its traditional markets for its profitability. Deutsche Bank was named International Financing Review's Bank of the Year twice in a three-year period, in 2003 and 2005. It also won the prize in 2010. In 2012, for the second time in three years, Deutsche Bank was named Best Global Investment Bank in the annual Euromoney Awards for Excellence.

In December 2012, International Financing Review (IFR) recognized Deutsche Bank as its Equity House of the Year and Bond House of the Year 2012. This is the first time the Bank has been named Equity House of the Year and the sixth time that it has won the top Bond award. Deutsche Bank is also the only European bank to have been awarded the top Equity and Bond awards in the same year. Highlighting the Bank's success in equities, IFR said: "Deutsche led major IPOs, took on tough risk positions (especially in Europe) and became one of the preferred banks of the US Treasury." IFR also praised the Bank’s "fortitude and skill" in bond markets, saying it combined "a steady hand with solid execution to get all kinds of deals done in just about every corner of the globe."

When Deutsche Bank was first organized in 1870 there was no CEO. Instead the board was represented by a speaker of the board. Beginning in February 2012 the bank has been led by two co-CEOs, and in July 2015 it announced it will be led by one CEO from 2011.
Outside direct speculation tops US$580M in 1Q, a 29.5% hop: Central Bank

Outside direct speculation tops US$580M in 1Q, a 29.5% hop: Central Bank


Image result for Outside direct speculation tops US$580M in 1Q, a 29.5% hop: Central Bank

Outside direct venture tops US$580M in 1Q, a 29.5% bounce: Central Bank 
Millions contributed to restore Hotel Jaragua. 

Santo Domingo.- Foreign direct speculation achieved US$580.1 million in the primary quarter of 2016, the Central Bank said in its preparatory report on the economy discharged Thursday, or a 29.5% bounce contrasted and the same period a year ago. 

Vitality, correspondences and land pulled in the most speculations, "showing the certainty of remote financial specialists in the Dominican economy," the Central Bank said. 

it said president Danilo Medina's amazement visits affected horticulture's 1.9% development, "drove by the creation framework's incorporation of little and medium makers in remote zones." 

It said the visits additionally incited Agriculture Bank financing of RD$3.2 billion, or 10.9% higher, including that the economy grew 6.1% in the main quarter

World Bank diagrams new nation engagement for Guyana

WASHINGTON, USA (CMC) — The World Bank says it has talked about another nation engagement note for Guyana for the following two years to fortify atmosphere flexibility, enhance instruction quality and lay the ground for private segment advancement. 

"We should guarantee that we settle on the absolute best decisions conceivable to exploit our regular enrichments to make a more strong and prosperous society in the interest of the general population of Guyana," said Guyana's Finance Minister Winston Jordan. 

"This restored association with the World Bank is an indication of the Government's dedication to battling neediness and environmental change," he included. 

The World Bank said that with the fall of ware costs, extreme dry season influencing the area, and the end of the oil-for-rice program, Guyana's financial development has backed off from five for each penny development in 2013 to three for every penny in 2015. 

It said the economy is figure to extend by four for every penny every year throughout the following two years, accepting that worldwide ware costs won't drop any further. 

"To support intensity in the nation, it is crucial to handle atmosphere dangers, produce the abilities required for the occupations of tomorrow, and make the right business biological system," said World Bank's Country Director for the Caribbean Sophie Sirtaine. 

"This denote a critical stride in our engagement with Guyana to fabricate a comprehensive and green economy." 

The World Bank said that as Guyana is concluding its national improvement procedure, it has concurred with the Government to concentrate on three needs. 

As to strength to normal calamities, The World Bank said Guyana is a standout amongst the most defenseless nations to environmental change. 

"About 90 for every penny of Guyana's populace lives in the restricted beach front plain, to a great extent beneath ocean level. In particular, the tasks will keep enhancing surge readiness through enhanced hydro-meteorological checking and the restoration of basic framework to diminish the danger of flooding in the East Demerara coast." 

It said with respect to training, Guyana has gained ground in accomplishing general essential instruction, yet learning remains an issue crosswise over evaluation levels. 

Understudy learning accomplishment in optional instruction demonstrate that exclusive 50 for every penny pass science and 70 for every penny pass English in eleventh grade. 

To enhance instruction quality from early adolescence to college, the World Bank said it will reinforce the University of Guyana through educational modules changes, educator preparing in arithmetic, and a pilot innovation helped learning in science. 

It will likewise give early adolescence instruction backing to all nursery and grade one classes in the hinterland districts and focused on remote territories. 

On the issue of the private part advancement, the World Bank said it would concentrate on reinforcing the money related base and the business administrative environment to bolster the Government's endeavors to advance private area development and access to fund.
Claim blames Middle East bank for taking an Orange County business person's innovation

Claim blames Middle East bank for taking an Orange County business person's innovation



Farooq Bajwa still lives easily, up in the slopes of San Juan Capistrano in a French manor style house with perspectives of the Pacific. 

Be that as it may, his tech organization, InfoSpan, and its clamoring central command in an Irvine office park, are a distant memory. Nowadays the pay from three El Pollo Loco establishments purchased two decades prior assists. 

The Pakistani migrant turned business person earned millions assembling PC segments in the 1980s and 1990s, yet he doesn't accuse the website bust for his change of fortune. 

Or maybe, he follows it back to an arrangement he had early a decade ago for another business: a content based installment framework that could be utilized all through the creating scene, especially for transient laborers to send cash home. 

PayPal spearheaded Internet installments in 1999, however its emphasis was on PCs. The iPhone and Square didn't exist. To put it plainly, he had a window of chance pretty much as cell telephones were turning into a worldwide wonder. 

"I understood I may have a major effect in this world not just helping these underprivileged individuals who don't have financial balances, I will likewise be bringing a monetary upset," said Bajwa, 64. "I had huge dreams." 

Those fantasies never appeared. 
Rather, they declined into a biting, high-stakes claim against an unmistakable Middle East bank, a case planned to be heard in July by a jury in Santa Ana government court. 

At issue is whether his SpanCash framework ever conveyed as guaranteed, the amount of income it could have made and whether the bank, Emirates NBD, stole any thoughts or innovation after its arrangement to dispatch the framework with InfoSpan broken down. More than $550 million in harms is being looked for from the bank, which question that the framework ever worked. 

InfoSpan is spoken to by the powerhouse law office of Boies Schiller and Flexner — led by David Boies, among the nation's most understood lawyers — while the bank employed Latham and Watkins, a substantial firm with workplaces around the world, incorporating into the Emirates. 

"Nothing is more biting than a fizzled marriage — that is frequently the connection of a competitive innovations case. It's a relationship went into with trust and positive thinking that turns sour," said Robin Feldman, a Hastings College of the Law teacher who represents considerable authority in protected innovation law and checked on court filings by both sides. 

Bajwa's earlier business, BAS Micro Inc., served the titans of the PC transformation, including Compaq, Dell and Toshiba. In any case, for his new business, InfoSpan, Bajwa chose to focus on the "unbanked," particularly the 60% of grown-ups in creating nations who don't have financial balances. 

FOR THE RECORD 
May 8, 7 p.m.: A prior rendition of this article erroneously expressed that InfoSpan was the name of Bajwa's earlier business. 

The well off Persian Gulf locale was quite compelling due to its dependence on 25 million outside visitor laborers who do development and different employments. These laborers generally wire home a couple of hundred dollars at once to spots, for example, India, Pakistan and Egypt. In any case, exchange charges devoured all things considered about 8% of their installments, called settlements, as per the World Bank. Bajwa's objective was to charge a large portion of that for online and versatile to-versatile money exchanges. 

In 2003, InfoSpan started creating SpanCash, including a "put away esteem card," a prepaid check card connected to a cell telephone. The thought was for a business to load profit onto the card that workers could use to content cash. 

"Our innovation was [going to do] considerably more than what PayPal was doing," Bajwa said. "PayPal was not sending cash to your relatives or companions, or getting compensations, or paying service bills." 

To help him out, Bajwa enrolled Larry Scudder, who had assembled the main link framework in Saudi Arabia and later established an Internet charge installment organization in Texas taking into account unbanked Americans. InfoSpan homed in on the United Arab Emirates, whose 8 million remote inhabitants now send $19 billion to their nations of origin every year. 

"They were being charged huge measures of cash to send cash home to their families, [but] everyone was getting a cellphone," Scudder said. 

Incomprehensibly, InfoSpan's framework obliged banks to make the arrangement work — to encourage managers stacking cash onto the cards and to transmit the money crosswise over fringes. Furthermore, with a bank included, cash trade was an inherent element; specialists paid in the Emirates' dirham could content cash to Pakistan in rupees. 

In 2007, Bajwa and Scudder found an accomplice that appeared to be perfect, Emirates Bank, situated in Dubai and controlled by the administration's sovereign riches store. 

Scudder moved to Dubai and said he joined twelve Emirates organizations and made manages banks in Pakistan, the Philippines, India and Indonesia to get stores. 

The bank and InfoSpan conjecture 1 million Emirates settler laborers would utilize their money messaging administration, as opposed to Western Union or hawala, a conventional Middle Eastern representative to-dealer cash exchange framework. 

"It was significantly less costly for them to send a content," Scudder said. 

Desires were out of this world. The claim refers to a study directed by McKinsey and Co. that anticipated yearly income of $3.5 billion by the arrangement's fifth year, with InfoSpan getting more than $2.8 billion in expenses. 

A 2007 bank news discharge touted a "one of a kind worldwide administration" at "focused rates" with a put away esteem card that could be revived at many the bank's ATMs over the Middle East. It highlighted a photo of Bajwa shaking hands with a bank official. 

InfoSpan claims that it replicated its source code onto servers conveyed to the bank in Dubai and prepared bank staff to run the innovation. The bank debate it procured or utilized SpanCash source code whenever. 

InfoSpan started setting up call revolves the world over, incorporating into the Emirates, Pakistan, India and Mexico, with administrators conversant in Arabic, Urdu, Hindi, Spanish and different dialects, as indicated by the organization. 

Bajwa and Scudder say they would go ahead to utilize 1,500 individuals around the world. Bajwa fights that the organization, with backing from outside speculators, burned through $87 million building up the business and innovation. 

"A larger part of it was my cash," he said. 
At that point the relationship started to disentangle. In 2008, InfoSpan charges in the claim, the bank crossed out a SpanCash exhibit at an industry exchange appear, began touting its own particular future versatile money messaging benefit and deferred installment on $2 million in receipts. 

At that point, at a meeting in May 2009, a bank lawyer gave Scudder a letter expressing the bank was ending the understanding in light of the fact that "the framework is no place close fulfillment." The bank requested the arrival of $1.47 million it had paid InfoSpan by then or it would record a criminal objection, as indicated by a duplicate of the letter. 

The bank completed on that risk. 
On a Sunday morning soon thereafter, Scudder was strolling through Dubai International Airport to travel to Karachi to harden computerized money exchange plans with a noteworthy Pakistani bank. When he swiped his travel permit at a robotized station, the entryways did not open. 

"Before I know it there are two expansive courteous fellows in military uniform remaining behind me," Scudder reviewed. 

The officers, he said, demonstrated to him the dissension the bank had composed and sent to the police charging that Scudder and Bajwa had submitted misrepresentation. 

"I was, extremely disturbed," Scudder said. "They cuffed me, and they frog-walked me through two of the three terminals to a police headquarters in Terminal 1." 

After a brief cross examination, he was headed to the downtown Dubai police headquarters, bound to a seat for two hours and addressed once more. At that point he was secured a phone with 30 other men for 19 hours until he secured his discharge by surrendering his international ID, as indicated by Scudder, whose record is portrayed in the claim. 

Throughout the following six months, Bajwa attempted to determine the circumstance be that as it may, as per the claim, was told Scudder's travel permit would be discharged just if InfoSpan surrendered proprietorship and control of SpanCash to the bank. 

"They needed him to surrender and leave," Scudder said. "What's more, they thought in the event that they held me, he would sign over the organization and innovation to them." 

After six months the bank pulled back the misrepresentation allegations and Scudder recovered his identification, liberating him to leave the nation. Be that as it may, InfoSpan's arrangement was dead. 

"It resembles getting pushed off a precipice," said Dan Johnson, an early speculator in InfoSpan who turned into its head of offers. "There was no attempting to work it out with us, saying, 'You know, we feel like you're charging excessively' or 'You're taking too enormous a bit of the pie.'" 

With millions effectively sunk into the venture, InfoSpan and its speculators didn't have the money to strike another arrangement — in the event that they even might, he be able to said. 

"When they pulled the attachment and tossed Larry behind bars and made these charges against us, there wasn't a bank out there that was going to work with us," Johnson said. 

Nor would Mastercard organizations like VISA and MasterCard, which Bajwa said had been thinking about InfoSpan to bolster their future computerized cash exchange arranges. 

"In the event that you have any issue with the law, no one needs to approach you," Bajwa said. 

In 2011, InfoSpan sued the bank in U.S. Locale Court for the Central District of California affirming the bank had abused competitive advantages for its own particular benefit. 

Nobody from the bank, or any illustrative, would talk on the record about this case. However, in court papers answering to the claim, the bank's lawyers expressed that InfoSpan had never finished a working model and that its "stage never worked and was not advertise prepared." 

Bank lawyers indicated a 2014 testimony of previous InfoSpan worker Michael Miller. As indicated by a transcript, Miller said he had never seen an effective showing of th
Joined benefit of 5 state banks tumbles to one-tenth at Rs 108 crore in Q4

Joined benefit of 5 state banks tumbles to one-tenth at Rs 108 crore in Q4

MUMBAI: Higher procurement on focused on resources has taken a toll on the income of partner banks of State Bank of India, with the joined net benefit of five such banks in the final quarter finished March 2016 tumbling to one-tenth of what it was a year back — the aggregate net benefit has tumbled to Rs 108 crore from Rs 1,179 crore in the practically identical period. 

For the full money related year, the joined net benefit of the five partner banks was half at Rs 1,638 crore against Rs 3,200 crore in FY15. The consolidated procurements rose 51% to Rs 8,161 crore for the entire year. State Bank of Patiala (SBP), because of its introduction to highvalue corporate advances, reported a Rs 505 crore misfortune in its final quarter income against `126 crore benefit in the equivalent period. 

"In the third and fourth quarters, the bank made proactive procurements so we can begin with a fresh start one year from now. The bank has about Rs 3,000 crore in the watch list which are being checked day by day, however in the event that the exceptions are incorporated, the watch rundown is about Rs 6,000 crore," said SA Ramesh Rangan, MD of State Bank of Patiala. The bank has made Rs 2,700 crore worth of procurements which incorporate Rs 700 crore extra procurements as a pad. 

"Going ahead, a considerable measure will rely on upon the corporate execution and rainstorm," he said. State Bank of India imbued Rs 800 crore capital in State Bank of Patiala to help its capital sufficiency proportion. The procurement scope proportion — the sum that the bank has put aside on the off chance that an advance turns awful — of SBP rose to 62% in monetary year 2015-16. State Bank of Hyderabad reported benefits of Rs 253 crore against Rs 445 crore in the same period a year ago. SBH as well, has drawn a watch rundown of records worth Rs 4,000 crore. "It is hard to say whether the most exceedingly terrible is over, as a great deal will rely on upon the how the economy gets down to business," said Santanu Mukherjee, MD of SBH. 

"We anticipated that benefit numbers would enhance from in third and final quarter one year from now." Both SBH and SBP did not announce profits in the monetary year 2015-16. Accounts in the watch rundown are standard advances which banks apprehension may slip into non performing classification. Private moneylenders, for example, Axis Bank has Rs 22,628 crore worth of credits in the watch list, while ICICI Bank has Rs 44,000 crore advances in its watch list. In the final quarter, State Bank of Travancore posted Rs 62 crore net benefit (`192 crore), State Bank of Mysore of Rs 105 crore (Rs 136 crore), and State Bank of Bikaner and Jaipur Rs 193 crore (Rs 280 crore).

Monday, May 9, 2016

The safe, easy alternative to the Lawsuit Loan: Cash Advances for injured people!

The safe, easy alternative to the Lawsuit Loan: Cash Advances for injured people!



Cash in as little as 24 hours, no credit checks or hassles... pay NOTHING if your case is lost. - Not Available in MD, CO or NC.

Get Cash now in exchange for a portion of your future legal settlement at a fair rate and without a credit check. It is that simple. If you have a personal injury claim and have hired a lawyer, then you qualify to receive a cash advance from Global Financial today.

Give us a call toll-free at 866-709-1100 with any questions, or feel free to fill out the form at right to apply. It takes just 30 seconds to apply, so don't delay! If you have a pending lawsuit, get the cash you need NOW.

A Cash Advance is Not a Loan
Global Financial's alternative to typical Lawsuit Loans is a simple cash advance. A Cash advance better protects your interests as repayment is contingent on the client receiving a judgment award or settlement. With a cash advance from Global Financial, even if your case is lost you owe nothing. Lawsuit Loans offered by other companies are unconditional and require repayment regardless of the outcome of your case. Qualifying is easy, there are no credit checks or income verifications of any kind. Best of all, there are no fees if your case is lost.

An Advance requires no monthly payments and does NOT have a term. In fact, Global doesn't even verify income or credit history. If you have a pending lawsuit and need cash immediately, our advance programs may be your best option. Lawsuit Loan programs offered elsewhere require periodic payments and terminate at some predetermined time, not exactly convenient for someone who might be out of work due to injury. Find out how a lawsuit loan from Global works.

A Global Financial Cash Advance does not have interest payments. You can use the cash for anything you need. Repayment is based on the risk associated with the case and depending on the estimated time of settlement. The "other companies" Lawsuit Loans offerings have structured interest payments and payments are unconditional.. so even if your case is lost you would still be forced to pay. With Global Financial, none of these concerns are yours!

Risks of Applying
There are no risks to applying with Global. Since we do not check your credit an inquiry will not appear on your credit report. We do not require your social security info either, so be assured that your personal information is safe and secure with Global Financial. While there are no risks to applying with us, you should be aware that applying too often or with multiple companies simultaneously can hurt your chances of approval, so it's important to be sure on what amount you need up front to minimize your chances of needing multiple advances.

Global Financial is a direct lender - get cash direct WITHOUT brokers.
Global advances cash on pending personal injury, workers compensation and medical malpractice cases. Unlike a lawsuit loan, we design a customized cash advance solution that exceeds client expectations. Cash advances are based on the merits of the case and repayment is contingent on the case settlement. Our intent is to provide you with financial assistance that is a safe alternative to lawsuit loans while helping you make it through the difficult time of having to wait out the defendant and obtain a fair settlement amount.
Bad Credit Business Loans

Bad Credit Business Loans





Financing Service for Businesses with Bad Credit
The days are over when your business had to face repeated rejections on loan applications for having bad credit rating. By opting for our Cash Advance, you can satiate the financial needs of your business with exemplary seamlessness, and keep your business going even with a bad credit rating.

Financing Service for Businesses with Bad Credit
It is apparent that every business needs capital infusion from time to time. Unfortunately, during tough times, satiating the financial needs of a business can prove to be an extremely challenging task. In such a scenario, most organizations resort to the traditional bank loans that not only take ages to get approved and transferred, but also demand the hopeful businesses to have good credit ratings. However, with the option of our Cash Advance, this has become a story of the past.
If your business has been denied a loan by a traditional bank due to bad credit rating, you can certainly count on us for satiating the need. To apply for a cash advance, all you need to do is fill out the application form,and we will get back to you within the next 24 business hours to update you on the approval status of your application.
If approved, the money would be transferred to your bank account in as little as 7 business days, thereby promising a remarkably expeditious way for you to obtain the much needed cash aid.
Working Capital Business Loans

Working Capital Business Loans


The working capital is indeed one of the biggest concerns of every entrepreneur. Regardless of the sector we talk about, it is safe to say that no business can hope to stay afloat in its respective league without a sizeable buffer on the working capital, and this is exactly what we intend to ensure with our Cash Advance program.

Address your Working Capital Worries with Ease
By opting for Cash Advance over the traditional bank loans, you would not only get the loan amount in minimal amount of time, but will also be saved from the hassles involved with having to produce the numerous documents required by traditional banks; in contrast, you will be able to satiate the capital need of your business in an exemplarily seamless manner.

Tailored Business Financing Plan
At Wall Street Funding, we believe in keeping things simple for you, while ensuring that our financing plan is indeed the perfect solution for letting you meet your working capital need. Hence, while formulating a payback plan for your loan, our team of financial experts carefully analyzes the cash flow of your business and creates the plan accordingly.

All in all, when you apply for Cash Advance, you can be sure that your business will not feel the burden of debt, and would be able to function without any financial glitch.

Apply Now
To apply for Cash Advance, you can simply fill out the form on the right. However, in case you need any clarification pertaining to our financing plan, feel free to give us a call.

Sunday, May 1, 2016

Agency Financing-Get the capital you need to grow your agency

Agency Financing-Get the capital you need to grow your agency



At Super G Funding we look at lending differently. We understand that when you need cash, you need it quickly. Our loans range from $25,000 to $3,000,000 and are approved and funded in 5 -7 business days. Insurance Agents use our lending capital to fund acquisitions or books of business, recruit top producers, increase marketing, open new offices, and for upgrading their technology Super G Funding is ready to give you the cash you need to grow your business without the hassles associated with traditional lending. Banks and other conventional lending institutions require a lengthy application process involving rigorous reviews of financial records.

They also discriminate heavily on your personal credit history, oftentimes refusing to consider the other merits of your business without understanding the inherent value in your book of business. . That’s why our agent loan program is a perfect alternative to a traditional loan. It’s designed to be a fast and convenient way for Insurance Agents to get the financing they need, when they need it.
Medical Financing

Medical Financing


Though it is beyond a shadow of doubt that the healthcare business holds great economic potential; however, in order to make the most out of being in this promising line of business, you need to ensure that you have the funding required for delivering proficient healthcare services.

Talk about running an orthodontist clinic or a full-fledged facility dedicated to plastic surgery, the fact remains the same that staying afloat in the healthcare business has become exceedingly challenging during the last few years. In fact, unless a healthcare facility has proficient staff and is loaded with the latest equipment, the chances of it surviving the tides of this segment are really bleak, and this is where our Medical Financing Program can prove to be the ideal way out.

Modernize your Healthcare Business with Medical Cash Advance
Quick Financing for All Conceivable Needs
By opting for our Medical Financing Program, you will experience the simplest and the most expeditious way to obtain funds for your healthcare business. With the help of our cash advance, you will be able to finance all conceivable prerequisites of your business, ranging from maintaining the inventory to paying the employees. As a matter of fact, we give you complete freedom to choose the expense you use the advance for.

To sum it up, our Medical Financing Program is your safest bet if you are looking for some quick cash to fuel your healthcare business.

Need Help?
In case you still have any qualms about our Cash Advance Program, please feel free to contact our support team or simply request a callback.