When I was a kid I mowed neighborhood lawns. I put all my money in a school box under the bed. One day, my grandpa noticed my method of savings. He immediately took me to the bank to open a savings account.
Jump to navigation. But little did they expect one hot and humid day in March that the bank would become the location for a terrifying real life drama that left a customer dead and two bank employees seriously injured. Around noon on March 4, three men strolled into IOB's largest suburban branch just half an hour before the bank was to down shutters. Peak banking hours were over, and employees were leisurely attending to half a dozen late customers.
Wise words about ‘amateur’ central bankers, courtesy of the Economist
The British pound dominated world trade and was the most widely used reserve currency on the planet. There was more money in London, in fact, than in just about every other major financial center in the world combined. But in , a financial reporter named Walter Bagehot published a book that shined a huge spotlight on some of this phony prosperity.
Explanation : You can do your banking in many ways. Often banks offer a program in which you can manage your bank accounts or a similar service home banking online. But what if you have accounts in more than one bank or what if you like to check out the interest rates you are given or have to pay? And what if you wish to have more features available - not just home banking features, but also budgeting , money management and investing features?