Although the job market has been tough for a couple of years now, it’s still important to look at the numbers that give us information about the successes and struggles of different groups in the workplace. Catalyst recently published information about the prevalence and the experience of women in financial job positions. Of note, the study reports that although only 23% of partners in accounting and finance firms are made up of women, they make up 49% of the overall employee pool. Beyond that, up to 60% of workers in auditing functions are women, and 55% of new hires to CPA firms are reported as being women as well.
Posts in category Banking
The Representation of Women in the Financial Industry
A Little Bit About Business Mortgages
Anyone who’s looking into purchasing some sort of commercial property will need to understand business mortgages. Whether you’re purchasing property to start a business or you just want to make money on a real estate investment, you’ll need a business mortgage to handle the purchase.
Businesses are divided into different subtypes. “Professional” businesses—which include veterinarians, doctors, solicitors, etc.—are often offered a 100% mortgage. These complete mortgages put the business itself against the loan; you won’t deposit any money. There are certain fees involved with these types of mortgages, so you should look into the different options before making a decision.
Banking in 2012: Cautiously Positive
According to the independent company CreditSights, the new year looks positive, on the whole, for banks in the United States. The report also suggests that the new year will mean positive news for the job market in general.
In this new age of banking, banks will need to accommodate the new age in general: think less bank-influence, and smaller margins. Due to this, the bank returns will fall, and the focus will turn to lessening risk.
Why Every Small Business should Hire a Shredding Company
Identity theft has unfortunately grown to become a very serious problem in the modern world. The ability of people to access personal information through hacking, breaking and entering, and other illegal activities threatens the safety and financial security of individuals everywhere. It’s not just all about stolen credit cards; identity theft can happen as a result of almost anything. Because so much information is stored in so many locations, it can be difficult to feel that you’ve covered all of your bases when it comes to protecting the identities of you and your clients.
Businesses should consider investing in shredding companies to help meet the ever-changing standards for document shredding. Professional shredding services are able to help businesses meet the increasingly strict regulations put out by the government and will also help businesses come up with solutions to take better care of themselves and their clients.
In the News: Brazil Makes Bank
2011 was good to some. 2011 was really, really good to bankers in Brazil. According to Businessweek, Brazilian bankers had an average salary increase of twenty-five percent in 2011. This statistic seems particularly remarkable—and painful—when seen next to the average American banker’s change in salary: a loss of twenty-seven percent.
The Brazilian economy in general is doing remarkably well, and so perhaps the bankers’ boom should come as no surprise. Overall, it seems to be an issue of economics: Brazilian bankers defected to the competition, and it paid off.
The Effects of Stock Market Fluctuations on Your Retirement Plan
The recent instability of the stock market has led many people to feel an understandable amount of scepticism and fear. It can be scary to consider keeping your money or placing any new money into the market during such tumultuous times. This holds especially true for people nearing the age of retirement, because those individuals want to be sure that they are prepared to have a relaxing and smooth transition at the end of their careers.
However, it’s important not to lose your head or do anything drastic. As concerning as it may be, fluctuations in the stock market are inevitable, and making changes based on instinctive fear rather than calculated planning can result in losses that will hinder you in the future. Instead, consider a sensible plan to reassess your finances and ensure that you are prepared for retirement without making big moves in the stock market.
Former Bank of America Executive Sophie Schmitt Moves to Aite Group
Aite Group, the financial research and consulting group with headquarters in Boston, announced that Sophie Schmitt will join its family. Schmitt will be a senior analyst for the team, and will financial and wealth management for individuals and businesses, including exclusive, or “premier” banking and bank consulting. Aite Group, according to its recent statements, hopes that the addition of Schmitt will expand their already-growing wealth management team.
Prior to this move, Sophie Schmitt was the sales process manager for Premier Banking & Investments Group, among other groups, under Bank of America’s Global Wealth and Investment Management heading. And in Bank of America’s Business Information Management group, Schmitt held the position of senior consultant.
PetroBangla to Raise Natural Gas Tax
Recently, there has been talk of an increased tax on Petrobangla, a Bangladesh-based oil and gas company. Essentially, the tax proposal would result in an increase by about one hundred and twenty-two percent for consumers on natural gas.
Petrobangla, as operated by the state, would raise taxes on all entities that use natural gas for their operation or daily use.
The proposal would also result in an increase in taxes on natural gases for power plants. And for entities like fertilizer factories, the tax would be even higher than that imposed on power plants.
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