Competitive financial markets, irrespective of competitiveness of goods markets but ensuring nonetheless competitive foreign exchange marke...

For many of us, financial planning means trying not to have too much month at the end of the money. In this chapter, I’d like to explore wi...

For a non-financial firm, the MM theory provides at least a starting point for the resource allocation process: the firm should find the ne...

Commercial banks are involved in futures, options, and other derivative instruments in two important ways. First, they design or price thes...

Letters of credit (LC), import bills for collection, shipping guarantees, import financing, performance bonds, export LC advising, LC safek...

Our first candidate is Arthur. Arthur has been working in construction for the last three years. His income is $28,000, and his credit hist...

Foreign trade financing is one major activity pursued by banks, small and large.Various forms of guarantees, including the letter of credit...

Financial institutions in an economy pool the savings of investors and invest them in enterprises or assets that generate uncertain returns...

McGee joined Bank of America in 1990 and for six years led its California Consumer Bank. From 1996 to 1998, he ran the company's techno...

David C. Darnell is president of Commercial and Real Estate Banking for Bank of America. He leads national sales for the company's Comm...