Buying on credit is a crucial step, it is important to understand all the details of this decision. It is especially difficult to make a decision about expensive purchases, such as a car. Today it is quite simple to issue a car loan online; an online application is accepted by almost all credit organizations. But let’s first understand the advantages and disadvantages of car loans. Continue reading
Captive banks are created by financial and industrial groups or individuals to serve, first of all, their own organization. From English captive translated as “caught”, “prisoner”. Still such banks name pocket. Captive banks are less universal in terms of turnover and customer base. They can serve even a single client – their founder. Profit from banking is a secondary task for captive banks. Their main goal – the distribution of internal funds of the organization, as well as attracting third-party funds. Continue reading
The word “bank” is borrowed from Italian, it means “table” or “shop”. In Italy, money changers laid out money in various cities and countries for exchange. Later money changers took money from merchants to save money, and also used their own funds to issue loans and receive interest.
Although Switzerland is currently the country of banks, the first bank was founded in Venice around 1584. This was due to maritime trade routes passing there. Continue reading