The Glass-Steagall Act 1933 is also known as the Banking Act. This law was passed in during the Depression era. The act prohibited the investments and the commercials banking activities. The act was later repealed in 1999 with the Gramm-Leach-Bliley Act. The Glass-Steagall Act was originally part of President Franklin D. Roosevelt’s New Deal. During the pre-Depression era, the Commercial Banks were being too risky because not only were they investing their assets, they were also buying new issues
focus, service differentiation, diversification, cross- selling ability, and governance and risk control. Also BOC has a higher number of resources such as Buildings, Machines (ATM, Etc.) Vehicles, Furniture and fittings, Land, Office Equipment's Finance Assets, Cash accounts, stocks, bonds Knowledge, Skills, Service than other banks according to the researches. BOC also help the country in its development process, for example the Bank has launched units such as an Islamic Banking Unit and Investment
Guidelines by the Government The Government of India has come out with comprehensive guidelines governing the formation and operations of all mutual funds and the SEBI has been vested with wide ranging statutory powers to oversee the constitution and working of mutual funds. These guidelines are: 1. All mutual funds shall be authorized for business by the SEBI and operated only by separate asset management companies. 2. Mutual funds can invest only in transferable security in the money and capital
Accounting Standards Board) as, “Independent, US body responsible for establishing and interpreting the GAAP mainly for use in the United States. Its accounting standards, generally speaking, result in greater transparency and ease of analysis of a firm's finances than the accounting standards of several other countries. The comparable UK body is Accounting Standards Board (ASB).” Moreover, the major principle of the formation of the FASB is to establish recording guidelines for financial transactions and
equity crowdfunindg and marketing communication campaign, and eventually on the cross road of both topics, which exactly is the key topic of this study. First, the literature areas related to entrepreneurial financing includes bootstrapping, angel finance, bank loans public support, VC and private equity. These aspects all can be helpful in explaining crowdfunding. The amount of literature is enormous, but this paper will directly look at the crowdfuning, more specifically into the equity crowdfunding
The Historical Society of Pennsylvania, a historically rich society with a dwindling community presence faces a threefold problem. At the root of its difficulties is the organization’s limited finances which have forced HSP to curtail programs and cut staff. The second difficulty is limited storage availability which raises questions about whether the organization can maintain both their museum and library. Lastly, the organization seeks to make the collection more “accessible to users.” The greatest
Tatiana Foreman Professor Leonard Arvi Finance 311-002 September, 12 2014 Balance Sheet Analysis In order to make smart financial decisions one must pay a great deal of attention to company financial statements. It is essential to understand financial ratios and their effects in order to predict the probable future of the company and to make investing arrangements accordingly. The stronger the company financial position the less risky the investment will be. The primary source of crucial information
the theories are widely being used in the current studies and industries. As for trade-off theory, it helps a firm to determine the most optimal debt-to-equity ratio which focuses on bankruptcy cost and debt, while pecking order theory helps the finance managers to maintain the control of the firm, and minimizing the cost of equity and agency problems which is a significant issue to be addressed in by financial practitioners in today corporate
There are many advantages of debt financing, including that it can finance any business regardless its type and size. Moreover, there are special programs which are designed to open a path for any type of entrepreneurs. If VeD chooses debt financing, then it will have a wide range of option to borrow debt, rather than bank
Role of financial inclusion in enlightening Indian financial system Dr. Vani laturkar and Miss. Jaya Muley School of Management Sciences, Swami Ramanand Teerth Marathawada University, Nanded --------------------------------------------------------------------------------------- Abstract: Now-a-days the topic of financial inclusion is standing as an emerging new model of economic intensification. Financial