Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Bank Fundamentals: An Introduction to the World of Finance and Banking
    Bank Fundamentals: An Introduction to the World of Finance and Banking
    Bank Fundamentals: An Introduction to the World of Finance and Banking
    Ebook36 pages22 minutes

    Bank Fundamentals: An Introduction to the World of Finance and Banking

    By Michiel van den Broek

    4.5/5

    ()

    Read preview

    About this ebook

    There is something big happening in the world of finance that impacts our economies and welfare. Most of us do not realize the extent of what’s going on. But it’s not so complicated: Finance is not rocket science. After working in finance from 1990, I train people who work in de finance industry and specialized so as to explain ‘complex’ finance since 2005.
    Starting in the '80s, banks have become huge financial supermarkets offering a wide range of different services and products. Employees in these large banks have developed specialized expertise in the area in which they decide to make a career. Along with rapid developments in information technology this has resulted in large IT departments staffed by people without any particular financial and banking knowledge.
    You may like banks or not, but banks have been and still are very important to our modern society as key intermediators in the facilitation of economic development. The global financial crisis of 2008 became a turning point in the banking industry. We use banks almost every day, for example to make payments. But what do you really know about banks? How was it possible that banks caused a major financial and economic crisis?
    In Part (I) I will explain the core activities of banks. In Part (II) I will introduce you to the standard bank types, explain the root of the 2008 global financial crisis and the Basel Agreements that is now the basis of Central Bank regulation.
    After reading this booklet you will understand the fundamentals of the banking industry. Also it supports participants of my other training programmes and workshops.

    LanguageEnglish
    PublisherMichiel van den Broek
    Release dateSep 8, 2014
    ISBN9781310158698
    Bank Fundamentals: An Introduction to the World of Finance and Banking
    Author

    Michiel van den Broek

    After obtaining my masters degree Business Economics (MSc) at Erasmus University Rotterdam in 1988, I have gained expertise in treasury, banking, finance and project management. In 1998 I started my own financial consultancy company: Hecht Consult.Since 2005 my major activity is to train participants who work for Banks and (Corporate) Treasury Departments. I know from practical experience that finance is not rocket science and you do not need to be a mathematical wizard to understand finance.My training method targets to strip complex financial topics to the basic structure. The basic structure will support participants to understand and use finance in their future work practice. I have trained hundreds of participants, and many have different backgrounds and finance experience - for example: chartered accountants, controllers, journalists, consultants, IT professionals, and University graduates.

    Read more from Michiel Van Den Broek

    Related to Bank Fundamentals

    Related ebooks

    Economics For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The Resilient bt 500

      Nov 24, 2023

      THE SECOND WEEK of October saw something curious happen. The Indian stock markets were in the doldrums after a strong September—both the benchmark S&P BSE Sensex and the Nifty 50 had touched their respective all-time highs that month. But even as the

      7 min read

    • Article

      I Wish I Knew What Ebitda Was, But I’m Too Embarrassed To Ask

      Aug 25, 2023

      Earnings before interest, tax, depreciation and amortisation (Ebitda) is a measure of profit that can make it easier to compare the valuation of two companies, or to give a clearer view of a firm’s underlying profitability. It looks at earnings befor

      1 min read

    • Article

      33 Ways to Get Higher Yields

      May 3, 2019

      For more than a decade, income investors have been plagued by paucity wrapped in misery. The bellwether 10-year Treasury note has doled out an average 2.6% interest since 2008. Although the Federal Reserve has nudged its target interest rate range to

      13 min read

    • Article

      Financial Services in the New Age

      Mar 22, 2024

      Nearly every sector we know of is undergoing deep-rooted change thanks to rapid technological developments. The banking and financial services industry is no exception. In these changing times, where the use of Generative AI (Gen AI) is becoming wide

      2 min read

    • Article

      The Economic Usefulness of Accounting

      Jan 1, 2017

      FACULTY FOCUS Ole-Kristian Hope, Professor of Accounting, Rotman School of Management In a recent paper, you examined the ‘economic usefulness’ of accounting for private firms. What did you find? For some privately-held firms, the costs of providing

      6 min read

    • Article

      Debt Markets For All

      May 13, 2019

      Debt Markets For All
      2 min read

    • Article

      A Strong Foundation

      May 13, 2019

      A Strong Foundation
      2 min read

    • Article

      Find the Best Robo Adviser for You

      Dec 23, 2020

      As befits a rapidly growing, innovative industry, robo advisers are changing quickly. At a basic level, these automated investment advice services have similarities. Investors answer questions about their time horizon, risk tolerance and financial go

      10 min read

    • Article

      Find the Right Robo Adviser for You

      Dec 20, 2021

      With their winning combination of low account minimums and affordable access to professional investment and financial-planning advice, robo advisers continue to grow briskly. Industry leader Vanguard Personal Advisor Services, for instance, has seen

      10 min read

    • Article

      How Banks Grow Now

      Nov 22, 2018

      How Banks Grow Now
      5 min read

    • Article

      Join The Big Exchange Good Money Movement

      Oct 4, 2021

      The Big Exchange, co-founded by The Big Issue, is a financial services platform that is building a movement within the industry towards fairer, more inclusive and sustainable finance. Despite the challenges of launching during a pandemic, The Big Ex

      2 min read

    Related categories

    Reviews for Bank Fundamentals

    4.5/5

    4 ratings2 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      Very well-written, concise and clear description of banks, their functions, types, and roles in the economy.
      Highly recommended for developing a high-level understanding of banking.
    • 5/5
      It does what is says; explains fundamentals of Bank. It strips the complexity out of banking.

    Book preview

    Bank Fundamentals - Michiel van den Broek

    BANK FUNDAMENTALS

    An Introduction to the World of Finance and Banking

    Published by Michiel van den Broek at Smashwords

    Copyright 2014 Michiel van den Broek

    http://www.financialtraininghub.com.

    Smashwords Edition, License Notes

    ISBN: 9781310158698

    This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you are reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

    ****

    Table of Content

    INTRODUCTION

    Part (I) CORE ACTIVITIES OF BANKS

    Core Activity (1): Transformation – Interest Rate Margin Income

    Core Activity (2): Intermediation

    Core Activity (3): Payments

    Core Activity(4): Proprietary Trading

    Summary Bank Income and Bank Core Activities

    Part (II) BANK TYPES

    A. Bank Types: Retail Banking

    B. Bank Types: Private Banking

    C. Bank Types: Wholesale Banks

    D. Bank Types: Investment Banks

    E. Bank Types: Commercial Banks and System Banks

    F. Bank Types: Shadow Banks

    G. Bank Types: The BIS, the Basel Committee on Banking Supervision and Basel Agreements

    H. Bank Types: Central Banks

    FINALLY

    About Michiel van den Broek

    INTRODUCTION

    There is something big happening in the world of finance that impacts our economies and welfare. Most of us do not realize the extent of what’s

    Enjoying the preview?
    Page 1 of 1