Banking

  • Taxes and Trusts: What Trust is Best?

    While the most commonly heard trust terms are revocable, irrevocable or living trusts, there is another legal trust form called a grantor trust. The steps for establishing a grantor trust must be undertaken carefully to avoid the tax issues that may occur...
    By Finn Orfano May 16, 2011 

  • Bank Reporting: What Transactions are Sent to the IRS?

    With all of the taxes we are required to pay, you may ask yourself what transactions do banks report to the IRS. This is a valid concern. Some transactions are reported because of taxes, but some are also reported to stop money laundering and crime...
    By M Lambert May 3, 2011 

  • Trust Beneficiaries: Understanding Trust Conditions

    When settling an estate, the assets of a trust are turned over to the beneficiary or to multiple beneficiaries. The original trust document becomes null and void upon the death of the trustee. Can a beneficiary make a deposit into a trust? Not directly...
    By Finn Orfano April 29, 2011 


  • How Much Do Banks Lose to Fraud Every Year?

    The bank money lost in fraud amounts to millions of dollars per year. Criminals, computer errors, and dishonest employees are some of the main causes. Learn about bank fraud, how much money is lost, and how banks strive to prevent loss. By knowing how...
    By Winston Smith April 29, 2011 

  • Uniform Trust Laws: Rights of Beneficiaries

    While the maker of a trust is alive, the beneficiaries have a limited interest in the trust. An irrevocable trust cannot dilute assets without beneficiary approval. There may be multiple beneficiaries to an irrevocable trust. Can a majority of beneficiaries...
    By Finn Orfano April 27, 2011 

  • Bank Nationalization Explained

    What is meant by nationalization of a bank? Under what circumstances does a government decide on such a policy? This article answers these questions and explains how nationalization of a bank can impact the public.
    By Kantha Wijeratne April 14, 2011 


  • How Brokers, Dealers, and Investment Bankers Make a Stock Exchange Work

    Investing in stocks takes several parties working together so corporations can sell shares of ownership to investors. Learn how brokers, dealers, and other people make trading stocks possible on stock exchanges such as NYSE.
    By John Garger February 3, 2011 

  • Who is Eligible for a Sallie Mae Unsubsidized Student Loan?

    What is involved with obtaining a Sallie Mae unsubsidized student loan? Do you know what is involved with becoming eligible for such a loan? Have you learned about what your enrollment requirements are if you get a Sallie Mae loan? Learn all...
    By Ronda Bowen January 31, 2011 

  • How Can I Send Money Instantly to Someone from My Bank Account?

    Are you are still joining long bank lines to do business? I use these proven methods on how to send money instantly to someone from my bank account and you can too!
    By nataliajones January 29, 2011 

  • What are Commercial Banks? Understanding The Basic Functions

    Commercial banks refer to banks that are both a financial intermediary and a bank.
    By KellenKautzman January 29, 2011 
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