The most profitable source of income for banks is non-interest bearing checking accounts. On an overnight basis, Fed Fund Rate is 0.25% and Overnight USD LIBOR is at 0.133%. However these checking accounts pay nothing to customers. So, whenever customers deposits any amount of money, banks easily earn at a minimum 13bps out of it.
That is free income for the bank.
Other lucrative source of income for banks are interest bearing checking account and savings account as they pay peanuts to customers compared to what they can lend out to the interbank market.
Disclaimer: I work for a bank in the treasury dept
SEEKING WORK - Remote (Based in Kuala Lumpur, Malaysia)
A web application developer who is currently based in Kuala Lumpur, seeking work to bring value.
As a Ruby on Rails developer, the other skills which can be brought to the table are Ruby On Rails, RSpec, HTML5, CSS3, PostgreSQL, Git and other business-centric skill sets.
keep up the good work foundation guys! It is always awesome to use a css framework which has mobile responsiveness enabled by default and just gets better!
Yes I am. I utilize value investment methodology which is the brainchild of Benjamin Graham.
On the few aspects on stock evaluation, among them are:
- Company's financial statements (Balance sheet, Cash flow statement and Income statement)
- The company's management profile (from remuneration comparison from company-to-company to governance and each individual's background)
- The company's activity as published by the Exchange
- Overpriced/Underpriced compared to book value and also intrinsic value
In order to check the performance of my investments, I measure from two perspective:
- Realized gains/losses - (dividends received and gains or losses from sale)/(amount of money put up to purchase the stock)
- Unrealized gains/losses - (Mark-to-market gains or loss)/(amount of money put up to purchase the stock)
From the figures attained, I compare them with figures such as fixed deposits and performance of index funds
Switched to Firefox from Chrome due to the following:
- I dislike Google tracking everything that I am doing
- Chrome with one tab starts out smoothly but with more tabs, its memory usage increases at a faster rate compared to Firefox
- A browser that puts an advertisement in a blank page (chromebook anyone?) is a total turn-off
We have two separate views here on this; one is from the employee's point-of-view and another one would be from the company's point-of-view.
From the employee's point-of-view, especially for the remote workers, they have been working remotely and now suddenly a change in company policy which forces them to work in the office and that undoubtedly affects their lifestyle. Naturally, humans will resist change and we always look at home a changing scenario benefits ourselves rather than the larger picture. Sudden surge in cost of living due to the need to travel or to leave close-by definitely cannot be ignored.
On the other hand, the company would like to reform and revamp itself. In order to keep it on its feet to compete with existing Internet giants, it has to change itself from within. Fundamentally, in every company, the basic unit for it is its people. Employees must be engaged and the new company direction and culture being passed from top to bottom. Thus, the need to work in the same location together to engineer that environment. That will lead to growth from the inside out, which will contribute to the organic growth of Yahoo.
In my opinion, this stage is important to make Yahoo a force to be reckoned with. However, Yahoo can help to cushion this by at least providing some basic subsidies for the needy (in terms of travel allowances or living expenses - if applicable). Perhaps, that might decrease the resistance of the employees to work in its office.