Banks

7 Reasons You Shouldn’t Be Caught Dead With the Bank’s Mortgage Life Insurance

7 Reasons You Shouldn’t Be Caught Dead With the Bank’s Mortgage Life Insurance

You just bought a house and the bank approved your mortgage. Now the bank tries to sell you their mortgage life insurance. You’re excited about your new home and you want to protect your family in case something should happen to you, so you buy the insurance thinking you got a good deal. Not necessarily. …

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And Then There Were None – High Finance Finagling Takes Down the Top 5 Investment Banks

And Then There Were None – High Finance Finagling Takes Down the Top 5 Investment Banks

The first of the top 5 investment banks to fall was Bear Sterns, in March of 2008. Founded in 1923, the collapse of this Wall Street icon shook the world of high finance. By the end of May, the end of Bear Sterns was complete. JP Morgan Chase purchased Bear Stearns for a price of …

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5 Critical Mystery Shopper Questions For Banks and Credit Unions

5 Critical Mystery Shopper Questions For Banks and Credit Unions

Secret Shopper programs have become a popular tool for banks and credit unions to maintain a pulse on their customer service standards and performance management incentive triggers. These programs excel at capturing what company standards and beliefs have effectively translated into desired behavior and which have not. The following questions are critical to ensuring shopper …

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Reasons Why Local Banks in Cameroon Failed Within the 1980-1990 Period

Reasons Why Local Banks in Cameroon Failed Within the 1980-1990 Period

Financial distress has afflicted numerous local banks IN Cameroon, many of which have been closed down by the regulatory authorities or have been restructured under their supervision. In Cameroon banks such as the BICIC Meridian BIAO Cameroon Bank were closed Many more local banks were distressed and subject to some form of “holding action”. Failed …

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