Sunday, April 24, 2016

The Ten Day Banker: Professional Guide by Michael Schemmann *Read Online »PDF

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The Ten Day Banker: Professional Guide

The Ten Day Banker: Professional Guide

Title:The Ten Day Banker: Professional Guide
Author:Michael Schemmann
Rating:4.97 (503 Votes)
Asin:1494480654
Format Type:Paperback
Number of Pages:482 Pages
Publish Date:2014-01-16
Genre:

The author trained as a banker in Germany, worked in Switzerland under Paul Erdman (later a high-finance bestselling author), and moved up the ranks to corporate credit at a Canadian chartered bank in Toronto. He is a CPA in the State of Washington and a university professor for accounting and finance in Southeast and Central Asia. Schemmann is an outspoken critic of the current banking practices, the violations of accounting concepts and principles enshrined in IFRS, and has written widely on matters of money and banking, beginning in 1992, resulting in correspondence with ministers of finance and governors of central banks. The basic idea of commercial banking involves the simple business of receiving money from depositors for safekeeping at credit interest, and disbursing money on loan to borrowers at debit interest, covering the risk of loan default by taking adequate collateral for security, while the depositors remain unsecured. The modern idea of commercial banking involves the

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