Banks Section
Posted under MISCELLANEOUS, Banks /
Tradebank is a franchised barter exchange promoting a wide range of products and services through the opportunity to barter throughout North America. Each member earns the retail value of their product/service in “trade dollars.” One trade dollar being equal to one actual dollar. As trade dollars accumulate in the account, members are then able to spend their trade dollars with any member for any product or service. This eliminates the limited one-on-one or direct trading dilemmas:
continued…
Posted under MISCELLANEOUS, Banks /
The
State Bank of South Australia was a bank owned by the Government of South Australia. The bank was formed by the 1984 merger of two other public banks: the Savings Bank of South Australia and the State Bank of South Australia.
continued…
Posted under MISCELLANEOUS, Banks /
A
savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.
In Europe, savings banks originate in the 19th or sometimes even the 18th Century. Their original objective was to provide easily accessible savings products to all strata of the population. In some countries, savings banks were created on public initiative, while in others socially committed individuals created foundations to put in place the necessary infrastructure.
continued…
Posted under MISCELLANEOUS, Banks /
The
Reserve Bank of Australia came into being on the 14 January 1960 to operate as Australia’s central bank and banknote issuing authority. The bank offers banking services to the Federal Government, and to licensed banks that participate in the payments system. It is headed by the Governor of the Reserve Bank, Glenn Stevens.
continued…
Posted under MISCELLANEOUS, Banks /
Private banks are banks which are not incorporated, and hence the entirety of their assets is available to meet the liabilities of the bank. These banks have a long tradition in Switzerland, dating back to at least the revocation of the Edict of Nantes (1685). However most have now become incorporated companies, so the term is rarely true anymore. Although not termed “banks” privately-owned digital gold currency providers, such as e-gold and GoldMoney, may be used as a substitute for a private bank.
continued…
Posted under MISCELLANEOUS, Banks /
Piggy bank (sometimes penny bank or money box) is the traditional name of a coin accumulation and storage container, most often used by children. Piggy banks are often shaped like pigs and made of ceramic or porcelain. Piggy banks are used to reinforce ideas of savings and spending to children; money can be easily inserted, but the pig must be broken open for it to be retrieved, forcing the child to justify his or her decision.
continued…
Posted under MISCELLANEOUS, Banks /
The term
national bank has several meanings:
* especially in developing countries, a bank owned by the state
* an ordinary private bank which operates nationally (as opposed to regionally or locally or even internationally)
continued…
Posted under MISCELLANEOUS, Banks /
A
mutual savings bank is a financial institution chartered by a state or federal government to provide a safe place for individuals to save and to invest those savings in mortgages, loans, stocks, Bonds and other securities.
continued…
Posted under MISCELLANEOUS, Banks /
A
Multilateral Development Bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development. MDBs have large memberships including both developed donor countries and developing borrower countries. MDBs finance projects in the form of long-term loans at market rates, very-long term loans (also known as credits) below market rates, and through grants.
continued…
Posted under MISCELLANEOUS, Banks /
In banking, a
merchant bank is a traditional term for an Investment Bank. It can also be used to describe the private equity activities of banking. This article is about the history of banking as developed by merchants, from the Middle Ages onwards.
continued…