Global Banking Forced to Favour the Customer

Banks worldwide are offering more than than and more new services that aid the client understand and program for their future. The bank or financial establishment is nil without the client and finally the client is reaping some of the rewards. Visitors to http://www.choosingabank.com tin happen out about the best financial institutions, choices, options and the best competitory rates – interest both on loans and term deposits.

With healthy agnosticism … surely this is not for the benefit of the client but really illustrates the need for banks to get competitive. The 10 most successful (profitable) banks in the human race listed below show their clear net income for 2003:

Citigroup 20 billion

Bank of America 15 billion

HSBC 10 billion

RBS 8 billion

Wells Fargo 7 billion

JP Morgan Chase 7 billion

United Bank of Swiss Confederation (UBS) 6 billion

Wachovia Bank 5 billion

Morgan Stanley 5 billion

Merrill Lynch 4 billion

So with money and large business like this Banks are becoming more than than than than than and more competitory and more and more client focused.

New Services include:

Flexible and Adaptable Home Loans offer competitory interest rates and more options for first clip buyers. Banks trust heavily on the interest that is made on loans as well as investment our ‘banked’ money. So it’s great to see that the client is being treated with the financial regard that they deserve.

Another great service that banks are offering is low credit card rates and the chance to consolidate your other credit card debts. Some rates are as low as .99% for the first few months.

The new client service policies that the Banks are introducing are also much more than user friendly, with all information and terms and statuses in multiple languages and also in basic English. Banking clients are finally having a say and a greater apprehension as to what haps to their well earned money.

There are respective different types of banks – not just your local 1 at the end of the high street.

Central banks usually command pecuniary policy and may be the lender of last vacation spot in the event of a crisis

Investment banks subvent stock and chemical bond issues and counsel on mergers

Merchant banks engage in trade financing

Private banks manage the assets of "high network worth" (rich) individuals

Savings banks compose mortgages exclusively

Offshore banks are banks located in legal powers with low taxation and regulation

Commercial banks are otherwise undistinguished

Banks are now merging and offering a greater service to the small customer. There are huge advantages to banking now … but maintain abreast with what’s going on – what’s on offer and you could salvage literally thousands of dollars!