Sentences with phrase «other banks require»

Where other banks require you to have tens of thousands of dollars on deposit to earn the highest interest rate offered (usually between $ 25,000 to $ 50,000), Mutual of Omaha Bank's interest rate kicks in at of balances of $ 1,500.

The minimum is $ 2,500, which is more than what many other banks require.

Not exact matches

Quite apart from the argument over OSFI - style oversight, the former federal official and others stress this segment of the market at least requires more transparency and clearer data so regulators and the Bank of Canada can better understand the credit landscape and the extent of high - risk loans issued by private lenders.

If it has more at the Fed than is required by regulation, it lends the extra to other banks, which might not have enough in reserve.

Other times, the terms set out by a traditional lender might not be agreeable, or a company could require a little more guidance than a bank would provide.

Since no one was required to sign with a pen, there was no need for paper documents to pay taxes, open a bank account, obtain a mortgage, pick up a prescription, or perform most of life's other tasks, other than marrying and divorcing.

As our banks required no bailouts and our dollar strengthened, other countries looked to Canada's economic policies for answers.

Post-financial market regulations (read: Dodd - Frank) have required banks and other «systemically important financial institutions» to hold more cash on their balance sheet, creating less bond inventory on balance sheets — fewer potential buyers, fewer potential sellers — if portfolio managers are forced to meet client redemptions quickly and en masse.

However, with all the risks involved, think twice before downloading any app that requires your bank account login or other personal information.

Dimon's Wednesday comments came in response to a question about a new proposal from the Federal Reserve that would require JPMorgan, the biggest bank in America, to hold more capital in reserve to protect against losses, even compared to its other mega-bank rivals.

Some offer paperless management, many offer free trials, most can handle recurring payments automatically, and all require users to provide bank - account numbers and other financial and personal information.

Lew also pushed lawmakers to pass legislation requiring U.S. bank and other financials to collect and disclose more detailed information about foreign account holders — information it requires foreign banks to disclosure about Americans, but doesn't reciprocate.

If the government can guarantee certain savings in bank accounts through the F.D.I.C., why not establish a program that would require that every employee own a regulated block of stock (Retirement Account) made up of stock in the company the employee works for and, so the employee will not have all his retirement eggs in one basket, include in this retirement basket high rated bonds and stocks from other non-competing employee - owned companies?

He added that the World Bank and other lenders already require independent review boards for projects they fund.

The bureau also been working on rules that would prevent banks and other financial firms from blocking class - action lawsuits by consumers and would require payday lenders to do more underwriting.

Many small business owners looking for unsecured business loans or lines of credit typically don't have the collateral that a bank may require, such as real estate, inventory, or other hard assets.

First, by the end of 2014, following the large - scale asset purchase programs, the Federal Reserve balance sheet was funded by about $ 3.1 trillion in liabilities other than Federal Reserve notes, which were mostly in the form of reserves in excess of the amount banks were required to hold; in contrast, there were only $ 64 billion of non-Federal Reserve note liabilities in June 2007, of which only about $ 2 billion were excess reserves.

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

Among other things, banks were required to limit new interest - only lending to be no more than 30 per cent of new mortgage lending.

Many small business owners are interested in a loan or line of credit for their business, but don't have the specific collateral a bank may require, such as real estate, inventory or other hard assets.

Keeping this account truly «free» requires a good grasp of the service fees, which are comparable to those at other online banks.

Many lenders, including online lenders, require a fixed repayment amount on a daily or weekly basis (auto - debited from the business bank account), while others require a traditional monthly payment.

When real estate is being used as collateral, banks and other regulated lenders are required by law to obtain third - party valuation on transactions of $ 50,000 or more.»

But in others, it very difficult and can require bank transfers, which is not option for many people in these countries.

Interest rates on government debt, too, were set by the authorities, and there were «captive market» arrangements under which banks and other institutions were required to hold minimum amounts of government debt.

It seems bizarre that the most reasonable understanding of why the 2008 bank crisis did not require a vast public subsidy for Wall Street occurred at Monday's Republican presidential debate on June 13, by none other than Congressional Tea Party leader Michele Bachmann — who had boasted in a Wall Street Journal interview two days earlier, on Saturday, that she voted against the Troubled Asset Relief Program (TARP) «both times.»

However, more formally (and democratically), the Statement on the Conduct of Monetary Policy requires that the Governor and other senior central bank officers appear before a parliamentary committee twice a year to explain their thinking and actions on monetary policy.

By design, Billon is significantly cheaper than any other electronic money provider — they don't require banks to invest into new hardware, software and their integration can be implemented within 12 weeks... therefore, compared to alternatives like payment cards, checks or core - banking system architecture, Billon is 90 per cent cheaper to implement and nearly 100 per cent cheaper to operate.

Prins writes that the largest Wall Street banks «that inhaled this cheap money were not required to increase their lending to the Main Street economy as a condition of the availability of that money... Wall Street used its easy access to cheap money to increase speculation in derivatives and other complex securities.

Compared to almost every other brick - and - mortar bank, PNC Bank charges lower monthly checking account fees and also requires much lower minimum balances to waive the fbank, PNC Bank charges lower monthly checking account fees and also requires much lower minimum balances to waive the fBank charges lower monthly checking account fees and also requires much lower minimum balances to waive the fees.

Industry experts offer several reasons for this shift including: i) significant cost of compliance with Sarbanes Oxley and other requirements for public companies; ii) limited sell side research coverage from the banks; and iii) capital markets are requiring greater revenue scale and operating history for public companies.

Wells Fargo and other banks that benefited from the federal $ 245 billion Troubled Asset Relief Program are required to participate in HAMP.

updated april 30, 2018 — If you have a bad credit history or very little (or no) credit history, banks may approve you for a secured credit card that requires a refundable security deposit but otherwise works just like any other credit card (meaning you pay your balance each month, payments are NOT taken from your deposit).

For instance, conventional loans — typically a conventional loan from a bank or other mortgage lender — will require no more than 26 % to 28 % of month gross income for housing costs and not more than 33 % to 36 % of monthly housing plus debt costs.

ICOs are also known as Initial Coin Offering or Initial Public Coin Offering (IPCO) and are used by startups to avoid other painstaking and regulated ways of raising capital, which are required by banks or venture capitalists.

Other refinancing banks don't have the same low - tolerance policy, but they may require a cosigner.

Potential risks and uncertainties include the availability of acceptable bank debt financing; the availability of acceptable additional equity investors; delays or interruptions in construction of power plants; the timely availability of required permits and authorizations for projects from governmental entities and third parties; changes in applicable regulatory requirements and incentives for production of solar power; and other risks described in the company's filings with the Securities and Exchange Commission.

As practitioners, you know better than I what is required but the major focus clearly has to be on ways to restore profitability and rates of return, with all that that means for pricing services, cutting costs, changing bank structures, diversifying into other activities and so on.

«As there is no central operator,» he points out, «the network participants are responsible for implementing local regulatory requirements, including KYC [Know Your Client], AML filtering, etc., as required by the respective banking regulators or other authorities.»

Some homebuyers are intimidated by foreclosed and bank - owned homes because they often require more renovations — and a different type of negotiation — than other options on the market.

«One of the advantages of a long career — especially in the banking industry — is it allows you to see firsthand the many forms uncertainty can take: the factors that drive it, the barriers it creates, and most importantly, what's required to push through to the other side.

However, given that more complex products like loans and mortgages will likely require in - person service, you shouldn't dismiss the potential benefit of having a nearby Bank of America branch if you plan to buy a home or finance some other large purchase in the future.

And I myself have used it to pay editors and translators in other countries and you know there's no fooling around with bank fees and you don't have to fill out any of the capital control forms required by the Federal government.

On the other hand, SWIFT requires banks to use their own liquidity in fiat currency.

Lending and leasing products and services, as well as certain other banking products and services, may require credit approval.

When the Fed «raises» rates, what it alters is the Federal Funds rate — the rate that banks charge each other for overnight loans to cover their cash needs (every bank is required to keep a certain amount of funds, called reserves, with the Federal Reserve and these funds can be borrowed).

Similarly, a savvy business owner required to report earnings to a bank, board, or other outsiders may see some turbulence or rough waters a year or so down the road.

Three others could also boost income: counting municipal bonds as liquid, or easy - to - sell, assets; requiring less debt that won't have to be paid back if a bank fails; and making it easier to comply with post-crisis rules.»

If you are getting a business loan from a bank or other lender, you will be required to use their documents and agreement forms.

Lending and leasing products and services, including card services, trade finance and merchant services, as well as certain other banking products and services, require credit approval.