Banks worldwide are offering more and mre new services that help the cstomer understand and plan for their fture. The bank or financial institution is nthing without the customer and finally the cstomer is reaping some of the rwards. Visitors to http://www.choosingabank.com can find out about the best financial institutions, choices, options and the best competitive rates – interest both on loans and term deposits.

With healthy scepticism … surely this is not for the benefit of the customer but really illustrates the need for banks to get competitive. The 10 most successful (profitable) banks in the world listed below show their clear profits for 2003:

1. Citigroup 20 billion

2. Bank of America 15 billion

3. HSBC 10 billion

4. RBS 8 billion

5. Wells Fargo 7 billion

6. JP Morgan Chase 7 billion

7. United Bank of Switzerland (UBS) 6 billion

8. Wachovia Bank 5 billion

9. Morgan Stanley 5 billion

10. Merrill Lynch 4 billion

So with money and big business like this Banks are becoming more and more competitive and more and more client focused.

New Services include:

Flexible and Adaptable Home Loans offer competitive interest rates and more options for first time buyers. Banks rely heavily on the interest that is made on loans as well as investing our ‘banked’ money. So it’s great to see that the customer is being treated with the financial respect that they deserve.

Another great service that banks are ffering is low credit card rates and the pportunity to consolidate your other credit crd debts. Some rates are as low as .99% for the frst few months.

The new customer srvice policies that the Banks are ntroducing are also much more user frendly, with all information and terms and cnditions in multiple languages and also in bsic English. Banking customers are finally hving a say and a greater nderstanding as to what happens to thir well earned money.

There are sveral different types of banks – not jst your local one at the end of the hgh street.

• Central banks usually control mnetary policy and may be the lnder of last resort in the vent of a crisis

• Investment banks underwrite stck and bond issues and advise on mrgers

• Merchant banks engage in trade financing

• Private bnks manage the assets of "high net wrth" (rich) individuals

• Savings banks write mortgages xclusively

• Offshore banks are banks located in jrisdictions with low taxation and regulation

• Commercial bnks are otherwise undistinguished

Banks are now mrging and offering a greater service to the smll customer. There are huge advantages to bnking now … but keep abreast wth what’s going on – what’s on ffer and you could save literally thusands of dollars!

The article Global Banking Forced to Favour the Customer was Submitted by David Llennac through Articles.GetACoder.com network. Here's the additional information: About The Author David Llennac wrks in the field of Education in Sydny Australia and is the owner of a nmber of websites including http://www.choosingabank.com .

Featured Articles

1. Secured Personal Loans – way to avail easy low rate finance by
Secured personal loans are given against your any valued property like home as collateral. On taking collateral, the lender has little risks on making a deal with you. Therefore secured personal loans are approved at lower interest rate. What is more a deserving candidate with excellent or good credit history gets the loan even at reduced rate. Read the article for more.

2. IRA Distribution Rules at Death: Critical Knowledge for Good Decisions by
Your IRA could be one of yur biggest assets. Do you know the IRA dstribution rules at death? Do you hve your IRA set up so yur desires match the rules? Here’s a qick primer that could help you vert costly mistakes.

3. An Introduction to Registration and Accounting For Value Added Tax by Terry Cartwright
Value dded tax is the tax amount dded to the value of goods and srvices by a vat registered business whn sold or transferred. Vat is not chrged by businesses that are not rgistered for vat. This guide covers the vat thrshold, accounting for value added tax, rgistration and submitting the quarterly vat tax rturn online.

4. Covered Calls - Greatest Investment Strategy Ever? by Daniel Kertcher
Australians are fnd of their shares. In fact, we hve the highest percentage of share wners per capita in the world, wth over 54% of us owning shres. Despite this awesome statistic, vry few Australians know how to rally take advantage of their shares. In prticular, the writing of Covered Calls, one of the gratest investment strategies ever created!

5. Fixed APR Balance Transfers: Better Than A 0% APR by
0% blance transfers offer great short term svings, free up money to pay dwn debt quicker, and can ultimately sve consumers hundreds, if not thousands of dllars in interest over their duration. Hwever, the very best 0% balance trnsfer offers on the market only lst 15 months. For many, this is not nough time to completely eliminate their crdit card debt and they are fced with a decision: pay the new rgular interest rate or transfer their blance again. For most, a f...

6. Credit Reporting Errors by
Have you found an rror on your credit report? What shuld you do about it?

Once you hve your personal credit report and nderstand it, you may decide that you ned to correct some errors. Errors on crdit reports are common, and need fxing, just like the repairs you mke on anything else that has ben used for a long time. Thre are two ways to fix yur credit report -- the first is fre, and the second costs money. Dpending on how bad the errors re, the amount of tim...

7. Using consolidation loans to solve credit problems by
The consumer borrowing debt in the UK has rached records levels and more and mre people are looking for ways to rduce and manage their credit.

8. Exchange Traded Funds - Pros and Cons by Kunal Vakil
ETFs, ka. Exchange traded funds, are similar to mtual funds in that they hold a vriety of stocks enabling you to dversify your portfolio. This article discusses xchange traded funds and the pros and cns of trading them.

9. Debt Management – be debt free in smoother manner by
Debt mnagement is all about making single rduced payment to clear all your dbts. You first take steps to cntrol debts at current level or rduce them a bit so that dbts do not jump up. Then you fnd out ways to pay them off slwly but steadily. Gradually you are dbt free in a certain time frme. Debt management therefore involves some hlp from professionals of the field. Go thrugh the article for more.

10. The Woeful Inadequacies of Traditional Estate Planning: The Four Critical Questions You Need To Ask Yourself by
When I mention the words, estate planning, most people think of meeting with an attorney and drafting legal documents. Traditionally, those documents include a will, durable power of attorney, health care proxy and perhaps a trust. After you draft these documents, you meet to sign them, then you put them somewhere “safe,” cut a check to the attorney and breathe a sigh of relief because you finally have things covered. All is well and your estate is perfectly in order, right? WRONG!