What is the Difference between Commercial Banks and Investment Banks?

When you go to an investment bank, their loan structuring team can give you advice on how your company can construct its loan. They follow different parameters and conduct a thorough analysis as to what elements can be incorporated. However, if they happen to have a commercial banking division, it does not necessarily mean that they will also approve your loan, just because you have consulted them on the same. Financial institutions usually operate two separate divisions for commercial and investment banking.

Relationship between the Two

So, irrespective of whether the structuring bank provides the loan or another bank sanctions it, two separate fees are charged. While one is for the advice provided, and other is for loan processing. Nonetheless, an investment bank with a lending division might give you the best terms. This means that if a bank offers multiple products, such as in the above explained illustration, it can afford to charge less for its products.

From this we understand that the primary function of a commercial banking entity is loans and advances, while an investment bank provides strategic advice to companies in the areas of acquisitions, divestments, capital market products and loan structures.

Commercial Banks

A commercial bank caters to millions of customers. They charge interest on loans, which is their primary source of revenue. They also provide standardized services, such as:

1.      Accounts management – Savings, Current and Overdraft accounts

2.      Credit and debit card facilities, both international and domestic

3.      Insurance and related services – Home, vehicle, travel, life, accident cover, etc

4.      Mortgage and personal loans – Home, student, car, etc

Owing to the fact that commercial banking services are their forte, these institutions do not specialize in providing strategic advice to businesses. However, they do provide a detailed presentation of their various products to the consulting company. These options are made available to the company, without the remittance of expert advice.   

Investment Banks

Unlike commercial banking, investment banks are a niche establishment, catering to just a few hundred core customers. They offer bespoke advisory services. So, a layman cannot go in to deposit money or ask for a personal loan. They assist companies with mergers and acquisitions, and provide advice on corporate related financing. Their main source of revenue is their charging fee and said commissions for their business. They usually have different teams of experts on board, in order to provide specialized subject-related aid and services.

Plastic Money when you Travel Overseas

Today, almost all banks and reputed financial institutions issues bank cards. These include both credit and debit cards, each coming with its own set of unique offers to gain popularity. While some lets you get a purchase on discount, others may offer cash back options. And while all this seams fine in your own home country, there might be a few exceptions if you plan to travel abroad. Usually, they work in most countries, along with all its premium offers. However, to reduce unwanted complications while travelling, it is always better to cross-check with your financial provider well in advance; this will give you enough time to look for redressal measures.  In case you plan to on getting a new card, look for plans that have attractive offers nationally and internationally. 

Travel Destination Homework

While travelling abroad, we might need to use the ATMs as well. So, it is important to know the popular card networks around the world. Maestro, from MasterCard, has one of the largest ATM networks in the world. The VISA network is also equally popular with a wide network; it also has the Plus network in some countries.

You will find their respective logos on your bank cards, letting you identify the network you come under. So, while using your cards at overseas ATMs, it is important to match the network, failing which your transaction might be declined. Most counties carry these popular names, nonetheless it is always better to check before travelling.

Both VISA and MasterCard cards have online network locators, for easy location search. And for instance, you will not be able to find a Maestro ATM in Turkmenistan nor will you be able to use your VISA card in Serbia.

Checking with Financial Institution or Bank

Be sure to check with your bank or financial institution, well in advance. They will be able to give you the clear picture of how you can use your card overseas. Apart from clarifying network connectivity, they might also be able to highlight bank card offers validity, special discounts, entry access to airport lounges and much more.  

The customer support team might also help you understand the foreign exchange rates and currency conversions fees, which are attracted on using your card abroad. These rates and fees largely vary, so ensure that you are able to maintain a balance to cover that, apart from your other expenses. While using your bank cards overseas, you might have to adhere to local usage and withdrawal limits, so it is always to better to plan your expenses ahead.

Laser Hair Removal: Essential Questions you should ask

Choosing a clinic for your laser hair removal can be a daunting task. Before you make your decision, research the brand and the clinic to ensure safety and value for your money. It is also important to set up an appointment for a consultation to get a better idea about their customer service, technical knowledge and environment.

The consultation is a perfect opportunity to ask questions about the technician’s experience and training. You can also clear your doubts about the process and possibly plan your potential laser sessions. The dermatologist will analyze your skin and hair type to decide which laserskin treatment plan is best suited for you.

At the Clinic, the laser equipment is FDA approved and specifically designed for fast, safe, comfortable and effective hair removal. Our highly skilled and experienced technicians can help you understand types of lasers meant for different skin types and laser hair removal hair types. Darker skin needs specially designed lasers for effective hair removal without causing pigmentation on the surrounding skin. We encourage our clients to try a free patch test to get a better idea about the procedure, which can make them feel comfortable.

Here’s a list of questions we recommend you ask your specialist to ensure your service will be a safe and comfortable experience:

·         What type of laser do you use and is it suitable for my skin type?

·         Have you treated other clients with a skin type and hair colour similar to mine?

·         How long have you been performing laser skin treatment and can you tell me about your training and experience?

·         How many sessions will I need?

·         Is it true that laser hair reduction doesn’t work on tanned skin? Can you explain that to me and should I be avoiding the sun?

·         Are there any precautions I should take before and after the laser hair removal in Dubai session?

Our certified dermatologists and technicians can easily answer these questions. Laser hair reduction at the clinic is safe, fast, effective and tailored to suit your needs. Beware of salons that aren’t able to answer these questions and try to cover their lack of knowledge with heavy discounts and false promises. If laser hair removal is done by unskilled staff, it could result in increased hair growth, burns or pigmentation.

Summary: Make sure your laser hair removal service is done by skilled professionals. The clinic has FDA approved laser technology and certified dermatologist and technicians. We encourage all potential clients to try a free patch test with a consultation.