Mergers & acquisitions are not a new concept in the community banking sector. Community bank merger & acquisition is an exclusive financial activity which makes the bank authorities to face challenges in a variety kind of issues. That's why, community bank officials including officers and directors should consult with an expert M & A advisor to recognise different liability issues that might crop up during a community bank merger & acquisition.Here are discussed different type of issues that community bank officials may come across while dealing with a community bank merger & acquisition.Squeeze outs - Major shareholders in community banks squeeze out minor shareholders by giving them compensation. The minor shareholders may feel upset because of the forced transfer of shares to major shareholders or they might oppose against the offered compensation package.Leveraged buyouts (LBO) - In leveraged buyouts, the turnaround firms focus on to use the assets of the acquired community bank company as leverage for avoiding a large cash issue required to cover the entire cost of the acquisition process. Theoretically, it is a commendable procedure to merge the loss making community banks with top-trading organizations to boost its financial condition. In actual practice, buyouts in community bank merger & acquisition was performed to make the investment bankers, executives, board members, and lawyers wealthy while giving a negligible profit to investors.The court may just declare the buyout formula to be completely unfair or top level management is found to have gained huge profits through the merger and acquisition.Technical Issues - Unforeseen technical problems may arise when merged community banks attempt to integrate their information systems. It can lead to potential computer system integration issues like account statement errors or non functional ATM networks. As a result, customers may complain or shareholders might claim.Varied Culture Issues - Sometimes, varied culture issues develop during community bank merger & acquisition. The merged bank's culture may not match with the acquiring institution's work culture and force the dissatisfied employees, investors, customers, or business partners to take legal action against the bank authorities if the banking service standard gets affected.Operational Or Financial Issues - If the merged or acquired institution has a unique operational feature like financial brokerage or insurance services, operational problems may arise. Operational and financial issues resulted from the management's decision to merge with an irrelevant and new service may cause employees and customers to file legal suits against the involved bank authorities.Inadequate Support And Flexibility - Inadequate support or flexibility is the most common complain made against bank officials if issues appear after the completion of community bank merger & acquisition. Wrong financial analysis, deception of the financial data by the acquired entity and incompetent review of the investment portfolios and loans are some of the common allegations that bank officials might have to face during bank merger and acquisition.Recruitment Issues - Sometimes, job restructuring or employee cutoffs is a condition for the community bank merger & acquisition process. On few occasions, restructured or laid off employees will pursue legal proceeding to resolve the matter. Additionally, the shareholders may raise voice against the succession planning by the management.However, the bank authorities can manage to overcome these issues successfully with the guidance and advice of an M & A advisor.
Is Abl Financing The Radical Change You Need In An Asset Based Credit Line For Your Business
ABL Financing is a ' game changer '. Let's take a look at some of the reasons why and the background around the business asset based credit facility.If you're the financial manager or business owner of any sized business in Canada it would appear you're more often than not searching for working capital. The assets in your business can offer that flexibility when they are turned into a business line of credit facility that the financial folks term an ' ABL '.The good news is that more and more firms in Canada, everyday, discover that the flexibility provided by this financing arrangement. When Canadian firms can't find a suitable traditional bank lending arrangement for working capital needs ABL emerges as a solid solution of choice.All your firm needs with respect to qualifying for such a facility is any mix of accounts receivables, inventories, equipment or real estate. A typical ABL facility is a combo of 2 or more of these asset categories. The asset based credit line in fact gives the business increased borrowing flexibility versus a cash flow based solution from, for example, a bank .Why is that? It couldn't be simpler, in that assets such as receivable and inventory are margined at higher values than they are with the Canadian chartered bank offering. Again, its collateral, not ratios and covenants that count when it comes to an asset based credit line.Is there a quick way for the Canadian business owner to rationalize a move to ABL? While no financing methods is always perfect , all the time the appeal of ABL is that it does not really focus on covenants - really the only thing that drives borrowing is the overall liquidity of your assets, whether you are growing or not.Another key positive is that an asset based line of credit can pretty well increase automatically as your business grows - That's because your assets would tend to grow at the same time.We've said no single method of business working capital financing is the panacea of perfection. So business owners should realize that Asset based credit typically involves more month end reporting on those assets.And while most asset based credit lines cost more than bank financing they can, on occasion be actually cheaper.The ABL market in Canada consists of a fragmented bunch of firms, some niche based and Canadian owned, while others are divisions or subsidiaries of U.S. banks and mega corporations. The industry services companies of all size, from start ups to major corporations. It should come as no surprise that some of the largest and well known corporations in Canada and the U.S. use ABL financing so don't feel you are doing missionary work in business financing! ABL is here and it just might be the radical ' game changer ' when it comes to financing your firm.Speak to a trusted, credible and experienced Canadian business financing advisor on how asset based credit lines can fund your daily operations, acquisitions, and growth.
30 Year Mortgage Rate At All Time Record Low
30 Year Mortgage Rate At All Time Record Low For Four Consecutive Weeks
Freddie Mac's recent Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage slipped to 3.78 percent yesterday, a slim drop from the averaged 30-year fixed-rate mortgage of last week which was 3.79 percent.In the meantime, the 15-year fixed-rate mortgage remained unchanged from last week's average 15-year fixed-rate mortgage at 3.04 percent, this according to Freddie Mac."Mortgage rates were virtually unchanged this week with fixed-rate loans remaining at record lows and helping to drive homebuyer affordability," Frank Nothaft, vice president and chief economist of Freddie Mac, in a statement said.Two home affordability indexes, the National Association of Home Builders/Wells Fargo Housing Opportunity Index and National Association of Realtors (NAR) Housing Affordability Index, show record high home affordability in the U.S.The home affordability index of the National Association of Home Builders/Wells Fargo shows that 77.5 percent of the existing and new homes that were sold in the nation from January to March this year were affordable to families earning the national median income of $65,000.The composite quarterly housing affordability index of NAR, meanwhile, shows that the housing affordability index jumped to 205.9 in January to March of this year.NAR reported that this is the first time that the composite quarterly housing affordability index hit the 200 mark since 1970, the start of housing affordability index recordkeeping.NAR's index is based on the relationship of these three factors: median home price, average mortgage interest rate and median family income."For those with good credit, we've never seen better housing affordability conditions or market opportunities than we see at present," NAR President Moe Veissi, in a statement said.Barry Rutenberg, chairman of the National Association of Home Builders, in a statement said, "Homes in this year's first quarter were more affordable than they have been at any time in more than 20 years, yet many potential sales are not happening because of overly tight lending conditions that are keeping hardworking families from obtaining a suitable mortgage."The chairman of the National Association of Home Builders added, "Without this (tight lending condition) significant hurdle, the housing and economic recovery could be proceeding at a much stronger pace."
How to fix an overtrading problem like an elite trader
Overtrading can be very lethal for your trading career. If you fail to control your emotions, you will keep on overtrading the market. Thus, it will be a big challenge to protect your trading capital in the long run. Smart traders never overtrade the market. They know it is one of the key reason for which people keeps on losing money. So, to protect your trading capital, you must find a simple way to trade this market with discipline. And if you have the problem of overtrading, you must get rid of it.
So, how can we get rid of the problem of overtrading? There are many ways by which you can do so, but in this content, we will highlight the most effective technique. Read this article as it might change your life.
Lower down your expectations
Overtrading is the result of high expectations in the market. People always start their careers with big expectations and expect to
You may say that you are trying to learn trading to make millions of dollars. But remember trading is a business and can’t build an empire all of a sudden. You have to go slow and make significant changes in your system strategically.
Lower down the leverage
Having a high leverage trading account is one of the prime reasons for which novice traders are overtrading the market. You should trade the market with the low leverage trading account as it will help you to trade less. Visit
After lowering down the leverage of the trading account, you won’t be deal with too many open trades. This will significantly reduce the risk factors in the trading profession and let you become more confident about your actions.
Develop a professional trading routine
The only way by which you can
At times the problem of overtrading becomes extremely serious. It becomes nearly impossible for retail traders to fix the problems in their trading system. In such conditions, it is better to take help from a professional trader. The professional trader should be able to give you a proper guideline and let you trade this market with a high level of precision. They also help you to identify strengths and weaknesses in your trading system.
Getting help from a professional mentor often costs money. But this is very normal and you should be glad that the experts are still helping the rooking traders as a mentor. So, do not become upset if you fail to find the solution to your overtrading problem. Hire a professional trader and follow his advice to solve this problem.
Tips on Hiring a Mortgage Broker in Toronto
There are a number of benefits of hiring a mortgage broker in Toronto. These brokers can help you buy the suitable property in Toronto. You can hire a good mortgage broker if you are planning to buy residential or commercial property for the first time in Toronto. This will not only help you get a great deal but it will also help you stay away from scams. You can also use the services of a mortgage broker Toronto if you are planning to apply for a home mortgage. This will help you reduce the amount of leg work you have to do. This will definitely save a lot of your time and effort. Here are some tips which will help you find a good mortgage broker.Go for a broker who has contacts with different banks and lending facilities. This helps you find out the most affordable interest rates. When we go to a mall, we check out garments of same type from different brands. This variety helps us choose the most affordable option. Similarly, a mortgage broker Toronto in contact with several lending institutions will be able to help you get affordable deals.Go for an experienced mortgage broker Toronto. You can check out the broker's website and ask for some references. You can read his customer's testimonials or find out his accounts on social networking account in order to find out the kind of experience he holds. You can check out the number of years of his experience. This is important because a new broker may not be much professional or knowledgeable. An experienced broker on the other hand can provide you a lot of useful information on different types of loans and related discounts. Such a broker deals with important property documents each and every day. This makes him a document expert.Such a broker will help you play safe by differentiating between real and counterfeit documents. Also, this broker will be able to help you understand and complete the paper work. Experienced brokers have strong connections with different lending facilities and individuals. This is another benefit of hiring an experienced broker. An experienced mortgage broker Toronto will be able to provide you a loan according to your fiscal history. They can offer you different fiscal solutions even if you have a difficult credit history. A lot of people hesitate to hire brokers because of their inconsistent credit records. A mortgage broker Toronto can help you find a loan according to your need and history.
Unite With Stock Tips Free Trial To Get Continuous Support
The word which routinely attracts each and every person is 'Free'. In case of share market this single word can make people richest or ruin too. People who have already started doing an investment in share market have gained much insight about the market and its related pros and cons. But those who want to invest first time in share market try to gain much of the knowledge about shares tips through various resources and through the people who are already in this field from a long time. Many people dream of making money from share market, but have no idea how to go about it. The most common method is through the use of advertising. If you trade in the right way, and entering the stock market will doubtless be the best and most profitable investment you will ever make. Even into the millions. One important thing should have to keep in mind, the best stock tips that you should commit to memory is to keep your calm always. Many companies offer free bulk shares tips. To get free leads, you actually have two options. One is by subscribing to websites that give free leads to people. Another way to obtain free leads is by creating your own. Investment is the biggest risk that a person takes in his life time. Bulk of the companies offers trading tips. Some of them provide 2 days free trial, 7 days free trial and so on. Now come to the basics of trading, here we discuss Day Trading or Intraday trading, Swing Trading and Positional Trading. These are the strategies used in share trading to earn money. Day Trading- Also known as 'Intraday', positions are usually entered & exited within the same trading day. Obviously scalping fits into this category. Traders in general are interested in quicker, smaller amounts and making multiple trades per day. Swing Trading- Swing trading is typically a short to intermediate term trend following system lasting anywhere from 1 to 30 days. Traders who swing trade typically look for trend reversals & retracements for their entry/exit points. Position Trading- Position trading, also known as 'trend trading', can best be described as a 'buy and hold' method. Positions can be open for a few days, a few weeks, and a few months or longer. They are also held during periods of minor retracement with the expectation that they will eventually continue trending in the desired direction. But in subject of free trial Intraday trading is much more beneficial than Swing Trading and Positional trading. In Intraday there is "Smaller take profit target = Smaller risk per trade". In Swing there is "Manageable take profit and stop losses."In Positional there is "The most forgiving type of trading - small mistakes are more easily absorbed in market movement and the size of your eventual profit." Lastly conclusion for all these may lead to a disastrous condition for the person as he would be the only one who is responsible for the decision he has taken. You have to get stock tips free trial from a reliable resource so that you get satisfaction in investing money.
6 Tips to Increase Cash Flow Now
Cash flow is an on-going challenge for independent retailers, as it is for many small businesses. Sales growth remains modest at best, and credit remains largely unavailable to many independent retailers. That puts many squarely behind the eight ball.Here are 6 tips that can help you drive more dollars to the bottom line:1. Focus your marketing on your proven customers. These are the customers who have demonstrated already that they value what you do and the merchandise you sell. (What else can you offer them?) These are customers who have shared their email addresses with you. This is your List, and it's one of the most valuable assets you have. Marketing to these customers is much less expensive (and more productive) than marketing more broadly using expensive traditional media, like newspapers and magazines.2. Turn your inventory. Having more doesn't mean you'll sell more, especially when the extra inventory is in unnecessary depth of stock or in items at the fringes of assortments. Lean inventory, closely aligned to support prudent sales plans, promotes a greater sense of urgency with customers to buy now, when they first see it, rather than wait for when it might go on sale. Replenish more frequently, in smaller quantities, continually bringing in new, fresh, exciting merchandise.3. Don't compete with yourself. Most independent retailers should adopt a Better-Best or a Best-Only pricing structure. Offering too many options where customers can trade down to a less expensive item leaves money on the table and slows the turn on the higher priced offerings, thus lessening their perceived value. If consignment merchandise is part of your mix, make sure they complement rather than compete against your assortments.4. Get paid for what you sell. Sales and promotions melt away cash flow, not to mention the fact that they lessen the perceived value of your offering and encourage customers to wait for the next sale. Getting paid also requires, however, that you fully mark up your merchandise in the first place. Markups tend to naturally erode as wholesale costs increase and retail prices don't fully keep up, unless you actively manage your markups to keep them where you need them.5. Make payroll a manageable expense. For most independent retailers, payroll is the largest cash outflow after merchandise payables. A payroll that is primarily made up of salaried and full time hourly employees may provide a level of stability but can be pretty inflexible and can create significant cash flow challenges, particularly during slower periods. A more balanced payroll, between salaried and full-time hourly employees and part-time employees, provides the flexibility to more closely align payroll dollars with when they are truly needed.6. Stop doing things the way you've always done them. Familiarity is comfortable, but it leads inevitably to diminishing returns. Customers thrive on newness; on new merchandise, presentations and experiences. Repetition breeds staleness, and that will drive customers elsewhere. The most successful independent retailers are always re-inventing themselves, testing new items, programs, presentations and concepts.After all that we've been through, how much cash flow is enough? It's not enough just to be cash flow positive. The challenge is to generate exceptional cash flow from the sales revenue you are generating, even as you work to grow revenues even further.Copyright ?? 2012 Ted Hurlbut
Calgary Daily Deals are Now Available Online for Those Who Want Calgary Deals Right from Home
All across North America, people are striving to adjust to new economic stresses. Fortunately, modern technology provides people with more options than ever before when it comes to making money and saving money. In terms of making money, the internet has granted business owners better access to potential customers and associates than ever before, which can make all the difference. Most companies can easily expand to an international market, offering goods to anyone around the world through online orders, digital payments, and international shipping. For those businesses that are somewhat limited geographically, like services for a particular area, the internet can still be a major boon, granting business owners quick, easy, and inexpensive options for advertising and keeping their customers informed.Making more money is important, of course, but saving money can be just as important. Business owners and private citizens are utilizing modern communications technologies in creative ways to make and save money more efficiently than ever before, networking together on all levels, from the local to the international. This has resulted in a new type of website that communicates companies' daily deals to the public, bringing savings to the public and customers to the businesses. This is a classic "win=win" situation.For instance, a new website is offering Calgary daily deals to the public, helping businesses to make potential customers aware of tremendous savings on a wide array of goods and services. This site is combining traditional web strategies with social media like Facebook and Twitter to keep its patrons aware of all of the latest Calgary deals that can save them a fortune over the long run. The benefits for this type of communication are many. Businesses gain inexpensive exposure to an informed audience that is interested in saving money, and consumers get up-to-the-minute information about special deals on all manner of products and services, as much as 100% or more off of standard retail prices.While the site focuses currently on Calgary deals, the intention is to expand throughout Canada and the United States, adding to its list of business clients and represented regions. Deal and coupon sites have been sprinkled throughout the internet for years, but the introduction of social media services into the businesses' communications brings modern company-client correspondence to a whole new level. More North American citizens than ever are in the habit of communicating through their phones, even more so than their computers. With the availability of social media access through smart phones, they can have access to weather reports, emergency broadcasts, email, and daily deals, all the time, wherever they go. Businesses can have direct access to shoppers any time, keeping them up-to-date on new products and services, events, and special discounts and deals. This combination of convenience and efficiency may lead to a new and better way of living for millions.
Pounds Till Payday Tackle Your Financial Trouble Before Payday
When you are facing extreme financial crisis and are in middle of the month, in such a situation it is very difficult to hang on for the next payday. Then you must be in search of a lender that can help you out in such crucial time. The solution for all your troubles is here i.e. pounds till payday, a perfect scheme to combat your financial troubles before your payday. Pounds till payday help you figure up an amount to pay for your requirement till you get your salary. Hence, they offer support that can be undertaken in a day.CharacteristicsPounds till payday is a plan designed by Quick cash loan till payday that helps you to sort out your financial problems without any delay. The loan sum accessible for funding costs of expenses such as payment of bills and can be acquired here. This plan helps you to arrange urgent funds within short period of time, for any urgency you need to just opt for this plan. These loans are short term loans. Through this plan you can avail an amount of 100 to 1500 for a period of 14 to 31 days. These loans are short term loans and offer you instant aid for the crucial time.What are the pre-requisite for this plan?To avail the monetary aid provided by pounds till payday you have to meet certain conditions. These are as follows:-1. Borrower needs to be an adult.2. Borrower must be a salaried one along with the regular monthly earning at least 1500.3. Borrower should have citizenship of United Kingdom besides the same residential address for last 1 year.4. Borrower must have a bank account in any reputed bank of UK; it should be 3 to 6 months old.5. Borrower must have the capability of the repayment of the loan.How to apply for this plan?It is very easy to avail the monetary aid provided by this plan. Applying for the plan is one of the examples of advancement in technology. After meeting the conditions for applying, one can easily apply for the plan. For this you need just a PC with internet connection. You have to fill an online application form with details like name, address, account number etc. The loans are approved easily. As there is no credit check for the approval. Also with this plan you need not o fax any documents or do heavy paperwork.SummaryPounds till Payday fulfill all your demands at the time of severe financial crisis. This plan is free from heavy paperwork, and faxing of documents. Also this plan is accessible for the people with worse credit score. Furthermore you need not to place any collateral against the loan amount.
Health Insurance – Top-up Covers
Top-up covers are, to put it simply, additional health insurance covers that take care of medical expenses that go over your main policy cover.How Do Top-up Covers Work?Top-up covers work on the deductible sum insured concept. Deductible amount means the amount which you have to pay first so as to trigger the top-up cover. You can pay this deductible amount from your existing / base health insurance policy, or out of your own pocket.Here's an example to explain this better:The question would arise in your mind regarding the necessity of having a base policy to purchase a top-up cover? Though the base policy is a requirement, you can still buy a standalone top-up cover where you do not have any base policy. In this case, as suggested earlier, the deductible amount will have to be paid from your pocket and all the standard waiting periods and exclusions would apply for this as it would for a regular policy.Standard waiting periods:It should be ascertained that when you purchase a top-up cover the deductible amount should match your base policy sum insured otherwise the difference would have to be borne by youWhy opt for a Top-up Cover?The simplest reason for buying a top-up cover is that your health insurance policy may not always be sufficient when it comes to large medical expenses. Let us take the example of Aditi:Aditi is a young corporate professional. She has health insurance for Rs.3 lakh. One day, she is diagnosed with a serious illness and is hospitalized for treatment. Within 5 months, her health insurance policy has been exhausted due to the treatment being very expensive. Luckily for Aditi, she had taken a top-up cover of Rs.10 lakh, with a deductible of Rs.3 lakh. So her medical bills continue to be paid without any trouble.Top-up covers are also useful if you are a senior citizen, or approaching that age. As you grow older, getting an increase is the sum insured of your base policy will be difficult and expensive. The premium rates will be very high and there will be numerous medical tests to undergo as well. In this case, having a top-up cover means that you can stick with your base policy, while letting the top-up cover take care of any extra expenses that arise. To illustrate this better, let us see the example of Narayan and Irshad.Irshad and Narayan joined the same company together when they were 25 years old and have been working there for 27 years. All these years, their employer had been providing health insurance for them, for Rs.3 lakh each. Now, at the age of 52, they want to change jobs and move to another company. Unfortunately, this company does not provide health insurance for its employees, and they both have to buy their own individual health policies. They both realise that as senior citizens with greater health risks, a Rs.3 lakh policy is no longer sufficient, so must go for a higher sum insured.Narayan had remained content with the health insurance provided by the company. Now, when he goes to buy an individual policy, he finds out that there are numerous medical tests for him to take, and that when he finally takes insurance for Rs.10 lakh, the premium is extremely high.Irshad, however, had taken the precaution of buying a top-up cover for Rs.15 lakh, to go with his employee health insurance. Now, he does not need to buy a policy with a higher sum insured. He simply takes a Rs.3 lakh policy. He knows that though a Rs.3 lakh cover alone is not sufficient, his top-up cover will take care of any extra expenses.In the end, Irshad's precaution of buying a top-up cover many years ago means that now he has to pay far less in premium amount, whereas Narayan must pay a very high premium while having less cover than Irshad.So go for a top-up cover to secure yourself against health-related risks to your lifestyle and savings, and jiyo befikar!To learn more about the Bajaj Allianz Extra Care Policy and how it can extend your health insurance, click here.