Guide to Finance

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Abbey National Business Banking

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I always enjoyed the stories of her great uncle, a Jewish jeweller in London, who designed this ring specifically for her. She would tell me about how she would sit and watch him work when she was a child, unable to take her eyes off his gold tooth. He was always cheerful and smiling and proud of his work which was made it so special when he presented her with the wedding ring design years later.



Jews are well known for their trade as jewellers and also for their ownership of gold. Their money making abilities are sometimes unfairly looked down upon. Even until recent times, Jews were pushed out of so many professions by prejudice that they were forced to take the jobs no one else wanted, such as tax and rent collecting and money lending.

Obviously, passing these professions down to predecessors has given them the time to become experts at what they do. This makes them popular with today's banks and business banking is not a problem for them.

Banks should be the safest of houses and many people have put their faith in safe deposit boxes. These are supposed to be the securest of places for valuable but have had some scorn cast on them in recent years for their dubious banking practices.

It was claimed that, even after it came to light that gold deposits were being made that had been stolen from Holocaust victims, they still continued to accept it.

This was brought to light after a bank security guarded risked death threats to prevent the destruction of Holocaust era records and brought their existence to public attention.

Despite this being a secure system of banking, it is certainly not above the law. In 2000, a US judge approved a $1.85 billion settlement between several Swiss banks and the families of Holocaust victims.

Banking systems have been around since before the dawn of money when people deposited whatever was considered a precious commodity at the time - including grain. However, the biggest asset then, as well as now, is gold bullion.

All the gold that has ever been mined is still in existence today. Value varies very little from year to year. The United States has 16% of all its assets in gold with Chinas reserves being a mere 1%. However, they have expressed interest in increasing their reserve and it is hoped this will push up the price of gold.

The Washington Agreement on Gold limits its member countries to selling less than 400 tonnes of gold per year. This helps to keep the price of gold, and the whole structure of the banking system relatively stable.

In times of inflation, gold has always been seen as a safe commodity as it does not rely on the currency values of any country.

Every year 3000 tonnes of gold goes into jewellery or dental production and around 500 tonnes is now used in automotive electronics on parts such as ignition controls and electronic fuel injection. Gold is a popular choice for electronics as it does not change compositions like other metals after long periods of inactivity.

So, gold is still very much an important commodity but unlike days gone by, is difficult to use in

every-day banking. Business banking still involves cheques and cash but most of it is unseen, using electronic money exchanges and so, back to the gold used in banking but in the electronics.
Abbey National Business Banking
Harris is pleased to announce that it is enhancing and expanding its Business Banking services in central Indiana with the appointment of five new business bankers across the region.

Mollie Gawronski has been appointed Assistant Vice President, Commercial Relationship Manager, with responsibility for client development within the Small Business market. She will be based at Harris' Fishers E. 116th Street office. Gawronski has more than 10 years of financial services experience and was most recently a Commercial Loan Officer for Harris and First National Bank & Trust. She is involved in both the Noblesville and Fishers Chamber of Commerce. Gawronski received her bachelor's degree in Finance from University of Dayton.

Laura Haynes has been appointed Vice President, Commercial Relationship Manager, and will have responsibility for developing clients and team leadership within the Small Business market. She will be based in Harris' Plainfield office. Haynes has more than 20 years of financial services experience and joins Harris from Regions Bank, where she was most recently a Senior Business Banking Relationship Manager. She is a Board Member and President for the Risk Management Association. Haynes received her bachelor's degree in Business and Mathematics with minors in Marketing and Economics from Arkansas Tech University.

Troy Kafka has been appointed Vice President, Commercial Relationship Manager, and will have responsibility for developing clients and team leadership within the Small Business market. He will be based in Harris' Indianapolis West 86th Street office. Kafka has more than 13 years of financial services experience and joins Harris from Fifth Third Bank, where he was most recently a Business Banking Team Leader. He is a member of the Carmel Chamber of Commerce and Hamilton County Alliance. Kafka received his bachelor's degree in Management from Indiana University.

Christine Shugart has been appointed Vice President, Commercial Relationship Manager, and will have responsibility for developing clients and team leadership within the Small Business market. She will be based in Harris' Fishers E. 116th Street office. Shugart has nearly 35 years of financial services experience and joins Harris from Regions Bank where she was most recently a Business Banking Relationship Manager. She is a member of the Advisory Board of Directors for the Central Indiana Small Business Development Center. Shugart attended the University of Indianapolis, where she concentrated in Business Administration. She also holds the designation of Certified Financial Planner.

Ron Wilson has been appointed Vice President, Relationship Manager, with responsibility for developing commercial real estate client relationships. He will be based in Harris' Carmel office. Wilson has more than 20 years of financial services experience and joins Harris from the Commercial Title & Settlement Group, a division of Security Title Services, where he was most recently the Executive Vice President of Commercial Business Development and Retail Sales Management. Prior to that, he spent 15 years in both commercial and retail capacities with First National Bank & Trust. He received his bachelor's degree in Finance from Indiana University.

"We are thrilled to have these talented individuals join Harris, where they will be focused on building lasting relationships and understanding the unique needs of each of their customers," said John Frieburg, Regional President, Harris. "As a result of their extensive experience, they understand the challenges and opportunities for business owners and commercial real estate professionals in their markets and will have the ability to effectively deliver the full breadth of Harris solutions to their customers."

Harris has served Business Banking customers in Indiana for more than 100 years. In 2004, Harris expanded its physical presence into northwest Indiana. In January, Harris announced the completion of its acquisition of First National Bank & Trust, giving it 51 branches in the state. In February, Harris appointed Michael Wozniak, Vice President, Commercial Mid-Market, Harris Business Banking, Indiana, and introduced its brand in the market in May.

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Both Shaun Parker & Erica William are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Shaun Parker has sinced written about articles on various topics from Online Marketing, Auto Insurance and Wedding Bells. Expert financier Shaun Parker looks into the effect gold bullion has on it. To find out more please visit. Shaun Parker's top article generates over 246000 views. to your Favourites.

Erica William has sinced written about articles on various topics from Banking, Venture Capital. I am working on this site www.businessstrategyblog.com . My job is publishing the latest news and articles for Business Strategy Blog. Our prime motive is to provide latest information Regarding Businesses Strategies. Erica William's top article generates over 1600 views. to your Favourites.
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Meanwhile, a number of attacks on ships around Babylon 5 by space pirates has become a rampant problem? Other notable episodes from Season 1 include The War Prayer in which Babylon 5 is plagued by a racist group of humans who attack and brand alien reside
 
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