The main function of a bank's treasury is to control and manage the bank's money as well as to make sure that capital and liquid assets are available to all parts of the bank. The treasury also liaises with the bank's regulating bodies. The regulators set the rules about capital and liquidity that banks must adhere to.Continue Reading
The treasury's job regarding the access of assets ensures that the banking institution is financially secure and stable so that it can function and help its clients effectively. The liquidity and capital requirements of banks around the world have become an important factor within the economy, and the treasury has an important role to play ensuring that banks can withstand future problems and issues within the banking sector.
For international banks, the treasury must spread across the globe to follow the rules in each region. A treasury also converses with people across the bank's network to help them understand the implications that trades have on the bank's capital, the costs of funding different departments and banking regulations. In effect, they are a route of advice for many of the bank's departments and also for clients looking to invest in the bank's portfolio.Learn more about Banks
A depository bank is a bank that stores assets or securities for clients at its location and facilitates the exchange of securities. A depository bank can also serve as both a payor and collection bank.Full Answer >
Depending on the state of residency, a collection agency may have the right to freeze a bank account and take assets from that account per a court order according to the Consumer Financial Protection Agency. The court's judgment will state the amount of money owed, and there will be a determination made on how much of the funds will be taken.Full Answer >
OneWest Bank began business operations in March 2009, capitalized by IMB HoldCo LLC with assets from IndyMac Federal Bank FSB, which IMB acquired from the Federal Deposit Insurance Corporation, or FDIC. The FDIC became the Conservator of the IndyMac Federal Bank after the bank was closed by the Office of Thrift Supervision. All deposits with the IndyMac Federal Bank was transferred to OneWest, according to the FDIC website.Full Answer >
As of 2015, GE Capital Bank headquarters is located at 6510 Millrock Drive, Salt Lake City, UT 84121. It is the financial services unit of General Electric.Full Answer >