Answers

What is the difference between Bankers Draft and Personal Cheque?
Santinho - stumbling across a banking convention on a beach...

Can you stop a bankers draft? Can you issue a bankers draft for an amount that is not contained in the account itself?


A Bankers draft is a cheque that is prepaid and guarranteed for the amount specified by the bank It is hard to stop a Bank Draft therefore it is important that it is directed to a specified person. Yes you can arrange for a loan to cover the bankers draft. A personal cheque is issued by yourself against your account and is personally guarranteed by yourself .

Array


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What is the role of commercial property mortgage bankers, and do they get paid by salary or commission?
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What exactly do commercial property mortgage bankers do?

Do they need a license?

Do they get paid by commission or salary?

Average pay for someone starting in the biz?

Pros and cons and your overall impressions of the industry?


On the website www.findacareerhere.com there is a salary calculator that tells you salary and also gives you a job description. Hope this helps.

How many investment bankers stand to lose or have already lost their jobs?
14

I almost went into investment banking but opted to go to school for a more traditional profession instead. With the current downturn, I'm wondering about what might have been.

What is the employment outlook for I-bankers?


I don't know how many have lost their jobs or stand to do so, but I'd say the overall outlook isn't great for the next year or so. However, it really depends on a few criteria like how well the individual bank is faring in the current climate, and which area the bankers are working in (e.g. mergers and acquisitions aren't doing a lot of business at the moment). It also would depend on how good you are - if you clearly stand out from your peers they more likely would have taken you on even if it's not the best timing now, as it's about making a longer term investment in the bank and you. After all, the long term outlook for banking jobs is still excellent, as they still make the economy run, and make a lot of money for their banks.

I lost a bankers draft and now have no communication with the sender?
16

ironically i lost a bankers draft and am unable to find it anywhere. i have a faxed copy of it however. In unlucky circumstances i am no longer able to contact the sender of the bankers draft, however i know i have not been scammed because i have done business with this person before with bankers drafts.
This means that i cant get it canceled and reissued because i am the receiver of it and have no contact with the sender,
is there anything i can do?

How much money do retail bankers make per hour?
08

I'm considering applying at Woodforest Bank, but i'm not really sure what the going rate for retail bankers is. At walgreens i make $8.25 per hour and i wouldn't really want to switch jobs unless the pay was better.


I'm a teller at a bank. I make $9 per hour with a college degree. I'm in North Carolina and work for a locally owned bank. Salaries would vary depending on where you are at and what bank you are working for.


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One in five Germans say they would vote for banker who outraged country with ... Daily Mail

One-in-five Germans say they would vote for a party headed by banker Thilo Sarrazin who has polarised the country with his book on Muslims and immigration.

Despite the best efforts of mainstream politicians to demonise the Bundesbank board member he has struck a disturbing chord among his countrymen with a message that Germany is 'dumbing down' due to  immigration.

As the country‘s central bank prepares to fire him - and his own SPD social democrat party is poised to expel him - Sarrazin‘s book has gone to the top of the best seller charts.

Although Muslims from Turkey and other lands built the post-WW2 ‘economic miracle‘ Sarrazin accused them of failing to integrate, having too many children and achieving poor levels of education.

His book, Germany Does Away With Itself‚ is particularly popular among both left-wing and conservative voters.  

In it Mr Sarrazin says that Muslim immigrants are a drain on German

News

Mortgage applications climb in latest week

MarketWatch - May 06, 2009

Mortgage applications climb in latest week NuridoBy CHICAGO () -- The number of mortgage applications rose 2% in the week ending May 1, the Mortgage Bankers Association said Wednesday, with borrowers seeking both more refinance and home-purchase loans. US mortgage applications up despite jump in rates DIARY-US Treasuries, Wednesday, May 6 Mortgage activity increased in week  -
Steffy: Texas bankers repay $126M in bailout money - Houston Chronicle

Houston Chronicle, United States - Loren Steffy - May 05, 2009

Steffy: Texas bankers repay $126M in bailout moneyHouston Chronicle, United States - Loren SteffyBut changes in the program and constant rule tinkering by Congress left many bankers wishing they had passed. “Instead of having what we believed was a competitive advantage, it basically got turned on its head,” Bridgwater said. Sterling Bancshares Redeems TARP Preferred Stock and Announces $50
Key lending rate falls to record low - CNNMoney.com

CNNMoney.com - Ben Rooney - May 05, 2009

Key lending rate falls to record lowCNNMoney.com - Ben RooneyThe 3-month Libor fell to 0.99%, dropping below 1% for the first time since 1986, when the British Bankers Association started keeping records. Libor, the London Interbank Offered Rate, is a daily average of rates that 16 different banks charge each Key US Dollar Libor Extends Decline; Marks New Low Dollar 3-month interbank lending rate below 1 pct Credit markets seen thawing  -
Failure of Silverton raises concerns about other bankers' banks - Daily Finance

Daily Finance, NY - Lita Epstein - May 06, 2009

Failure of Silverton raises concerns about other bankers' banksDaily Finance, NY - Lita EpsteinSmall community banks have a banker, called a correspondent bank (more popularly known as a bankers' bank), that offers services such as check clearing, credit card operations, and other things that small banks find too costly to do efficiently and Atlanta bank failure to have big impact
BAI Banking Strategies Names FirstMerit Corp. Executive 'Maverick ... - PR Newswire (press release)

PR Newswire (press release), NY - May 06, 2009

BAI Banking Strategies Names FirstMerit Corp. Executive 'Maverick "With all the issues facing the retail financial services industry today - customer confidence, credit and risk management, and increased regulatory oversight - it would be easier for bankers to revert to familiar, traditional ways of doing business,"

Banking Directory

Bankers Life and Casualty - For the life of your retirement
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Bank - Wikipedia, the free encyclopedia
The coin shows a banker's table (trapeza) laden with coins, a pun on the name of the city. ... Under English common law, a banker is defined as a person who carries ...

Banker's Insurance Group
Carrier of low-cost federal flood insurance that offers residential, commercial and contents coverage as well as preferred risk and excess flood coverage.

American Bankers Association
National trade and professional association serving the entire banking community, from small community banks to large bank holding companies.

BANKERSONLINE.COM -- the premier resource for financial ...
BankersOnline is the banking industry's compliance, lending, security, ... 9/29-9/30: Bankers' Hotline 16th Annual Security Officers Workshop ; Philadelphia Airport Marriott ...