Bank finance articles and tips

Does the media have any influence on the economy? The media has influence, good or bad, on the economy. I am not stating that it is the only thing driving the forces of the economy, but if you think about all of the bad news that has been out about how little people are spending, layoffs, a downed economy, and other variables; it does have some influence on what people do.

Corporations are set up to make profits. They cannot survive today with the traditional ways of marketing and business operations. This is a new era where multimedia, web social media and internet interactions are in and newspapers and TV ads are out. There is a great demand and response on corporate video production clips that will showcase the corporations' product and service offerings.....

Due to the banking crisis of 2008, the question of how banks can protect themselves against future failures has attracted the attention of regulators, banking experts and business media. An important area is the need for better transparency, mainly regarding remuneration in the banking sector, and how boards of banks should improve their corporate governance practices to reduce the chances of a repeat of the credit crunch.

The recent publication of Central Bank of Egypt draft Code of Corporate Governance for banks marks a significant step in this process. Banks together with their respective boards should pay close attention to the corporate governance guidelines.

An accountancy firm have revealed the results of a recent study and it looks as if IVAs (Individual Voluntary Arrangements) among women are very much on the rise in the UK. More and more women are being driven to seek debt solutions such as IVAs to deal with escalating levels of financial insolvency. The stats suggest that this is a new development and is likely to be linked to the current economic recession. The level of women in need of IVAs has risen from somewhere around 32% in 2002 to a gobsmacking 48% in 2011, accounting for almost half of all IVAs and debts in the UK.

Experts who specialise in debt solutions and IVAs have suggested that this is thanks to our consumer culture and exposure to rampant materialism in media, though this is a rather sexist assumption to make. Other explanations sound much more plausible, though much more worrying.