Afternoon

I have wanted to get into banking for the last two years but I am finding it very difficult.

My background

I am part CIMA qualified and have ten years experience within accounting, currently working as a management accountant. I didn’t go to university as I chose to do the AAT qualification instead.

The problem

When Nick Leeson, the Singapore based trader who brought down Barings Bank in 1995, realised the losses he was hiding were hours away from being discovered, he left a simple note on his desk.  And fled.  "I'm sorry" read the note and in a radio show last week, the Reunion, the BBC brought together Nick with his ex-boss for the first time when he apologised face to face.  In the show a former colleague, decribed Nick as "struck by a mixture of greed and fear for a number of yea

Hello fellow CIMA members. I've targeted the banking industry to break into and would like to get your advices on a CIMA qualification's attractiveness in this industry.

I already have a Bsc. in Business Administration (Finance and Marketing) and right now I'm faced with the important decision of choosing between CIMA / ACCA / CFA to get into and survive in the banking industry.

Hi,

Both the UK and US governments have recently brought out guidelines on how the banking sector should remunerate its employees. Do you think they are right to do this? Are these governments interfering in business or do we need more of this type of regulation to stop the same mistakes from being made in the future?

 Have you had experience of the government in your region taking any similar steps?

We have just received the following query.  Can anybody help, please?

"I am the director of a small limited company. At present we have large cash balances. I would like to move this cash from the company bank account, which pays a low rate of interest, to accounts at other banks which will pay higher interest rates. Can I set up these new accounts in my own name, or do they have to be set up in the company's name?"