Posted by Sandy Hutchens
The staff internal auditor for the bank frowned and said to the auditor-in-charge, “The Smith loan was $175,000, but the credit limit was $100,000. The file contained no explanation for granting a loan in excess of the credit limit. And the Jones loan for $150,000 was well within the borrower’s credit limit, [...]
Posts tagged ‘research business’
Fraudster
November 12th, 2009
Sandy Hutchens says Business savings accounts are a rip-off
August 21st, 2009
Most business savings accounts (58 per cent) pay less than 0.5 per cent gross interest on balances of $50,000.
Where companies have $250,000 saved, 54 per cent of accounts pay less than 0.5 per cent, and only 11.3 per cent pay 2 per cent or above, according to a study from Investec Private Bank.
A spokesperson for [...]