15 Things You Didn't Know About The Banking Industry

15 Things About The Banking Industry | Industry Wednesdays
SUBSCRIBE to ALUX: / @alux
10 Biggest Bank Robberies: • Top 10 Biggest Bank Ro...
In this Alux.com video we'll try to answer the following questions:
How big is the banking industry?
Which is the biggest bank?
Do you trust banks?
How can you tell a bank is trustworthy?
How do banks make money?
Should you work with a bank?
When should you start saving money in a bank?
What is an offshore account?
Why do rich people get offshore accounts?
Are offshore accounts legal?
Which is the oldest bank?
How is blockchain changing the banking industry?
Who are the richest bankers?
Which is the richest banking family?
When will the next financial crisis be?
How does a financial crises happen?
How are banks hiding fees?
WATCH MORE VIDEOS ON ALUX.COM!
Most Expensive Things:
• Top 10 Most Expensive ...
Luxury Cars:
• Top 10 Fastest Cars In...
Becoming a Billionaire:
• Alux Ultimate Bucket L...
World's Richest:
• Top 10 Richest Familie...
Inspiring People:
• 15 Things You Didn't K...
Travel the World:
• 10 Countries Where You...
Dark Luxury:
• 10 Countries Where Ric...
Celebrity Videos:
• 15 Celebrities You Did...
Businesses & Brands:
• 15 Things You Didn't K...
-
Follow us on INSTAGRAM for amazing visual inspiration:
/ alux
&
Don't miss the latest Luxury News only on Facebook:
/ ealuxe
---
Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content!
Our website: www.alux.com is the largest social network for people who are passionate about LUXURY! Join today!
SUBSCRIBE so you never miss another video: goo.gl/KPRQT8
--
To see how rich is your favorite celebrity go to: www.alux.com/networth/
--
For businesses inquiries we're available at:
www.alux.com/contact/

[@alux]

Hey Aluxers, what industry should we do next? Make sure to join www.alux.com 15 Things About The Rothschild Family: kzbin.info/www/bejne/kGGVgpmJZrl5l6c

[@marcelosantana9311]

Alux.com 1 about Real Estate industry. 2. Insurance industry 3. Space Industry 4. Gun and Weapon industry 5. Solar industry 6. Shoes industry

[@robertleejameswelch8383]

Did you do the Airline industry?

[@jsmithmultimediatech]

HSBC here was originally Midland, they bought out them a fair few decades ago, it's based in China if I rememeber correctly is HSBC it stands for Hongkong and Shanghai Banking Corporation

[@deepeshjain8175]

All these videos are very helpfull....but if you can provide about Agriculture Industry ,I'll be very thankfull.

[@nef0066]

The Property and Casualty Insurance Industry

[@edgeruiz2357]

Rothschild : Richest Family in History Mansa Musa : Hold my camel.

[@nikitazaika9889]

Great videos, have watched every single one and they're all great

[@ryantitn]

Most of these were not actually things we didn’t know about banks. It were just facts that were related to banks. I thought they’ll mention something about forex trading, how every bank has forex traders. It didn’t explain why banks are so huge the way they are. But anyways, nice video!

[@user-mi6ll4bx4y]

Ryan Maduabum agree.

[@amvkarthik]

Banks are huge because of fractional reserves. They can literally create wealth out of peoples trust.

[@Davanillaguerrilla]

@@amvkarthik out of their ignorance too

[@davidcarl7812]

I no more buy the idea of keeping my money in the bank because I'm making them rich instead of multiplying it, I invest in crypto now and I can testify how much I make every month .

[@brainfornothing]

This is a hot and looong topic. Thanks for sharing !

[@conradbo1]

Thank you for the upload. Interesting video about the banking industry.

[@alux]

Our pleasure Conrad :)

[@Rin-le7cx]

You deposit ur money and they use that money as loan with very high interest. Very sneaky to me. 😂

[@factisstrangerthanfiction7179]

karin Fractional reserve banking.

[@Rin-le7cx]

M-S-M EzeE its helps the economy I understant. But the interest so high. Maybe depends which country u are from.

[@JammManagementColumbus]

karin Pass laws that no Commercial bank can hold a depositers money for less than 10 percent! That'll shake things up. Rally and campaign for it.

[@therealnoodles7638]

No they do not. They loan out their own IOU's which is created from thin air, not from you. They do not lend out your money. What they actually do with your deposit is that they might buy government bond with it, because it earns higher interest than just by holding your deposit. If they held your deposit, they wouldn't make money. Don't believe me? Read *Money* *Creation* *In* *The* *Modern* *Economy* by the *Bank* *Of* *England* , Fractional reserve banking does not exist in this system.

[@cancelled_user]

@@Rin-le7cx Interest usually depends on the 'base rate' of the central bank, and also on every individual's credit history (good history of paying off debt = lower risk, thus lower interest... and vice versa).

[@luvfitall]

I just want to say I love your channel SO much!!!

[@marshacreary2442]

Very Informative

[@cedricsmith8188]

Thank you Alux, your welcome.

[@lindanorris3226]

THANK YOU SO MUCH FOR SHARING 🖊🌎

[@nataliewhite2127]

Wow this video makes my day

[@elliygxoxo]

I now work for a bank 😂 these things are true

[@gopal.]

Alux why don’t you make a video on Agro based industry we want to know about them

[@finn.n3700]

Very interesting video!!

[@ManojMoradiya]

Nice and informative

[@GiZmo55558]

Love it. 👍🙂

[@WealthbuilderzTV]

#4 was very interesting. This whole video is very interesting. Money always will and forever peeque my interest.

[@alux]

Happy to hear you find it valuable :)

[@geocyo8835]

Wealthbuilderz TV "pique" ☺

[@lorenzolouis7148]

#17, they are actually the biggest gangsters.

[@marcelosantana9311]

Great video!👍

[@alux]

Damn right it is.

[@alanhowitzer]

How about a video about the Federal Reserve and fractional reserve loans backed by the government?

[@tomyt2083]

Thank You Alux

[@alux]

You're welcome Thomas :)

[@Shay-33]

Great video 👍🏽

[@alux]

Thanks Shayla.

[@yozzur]

We are in 2020 and no financial crises happen

[@cjmp200]

Please do the fashion industry.

[@sahafmostafa7323]

this is something I wanted to know.

[@alidinojatoi2075]

Best video, but if you also discuss about highest paying interest banks to thier account holders in the world.

[@esgtbenin8775]

Alux! I will love if you can write talk about insurance company.

[@sammichael8916]

Earn money from ultimatetoolshackers,com I just received 5000euros from them

[@praakharpare2876]

Plz make a video on stock exchange industry on industry Wednesday

[@shinchannohara2924]

Everyone is gangsta until a banksta walks in.

[@aj9dj9]

Loved 16 please do Faberge ,Jewellery,Real estate industry

[@aj9dj9]

How do the Italians keep off the rats in that cheese bank lol just curious 😋

[@sudevvs1004]

Do a video on insurance industry

[@craigmaye3558]

Is that Rakim "I want to know whats on your mind" playing in the background??

[@kobiesboxing4956]

If it was I must have missed it.

[@morningsunshine0216]

Can you do a video on credit unions

[@conceptafelix2769]

Agricultural Industry please, present with something about it, post harvest Technologies and such stuffs

[@deepeshjain8175]

Agriculture Industry plz

[@indrakumar182]

Well...sneaky ! *Sighs*. Very informative though ❤

[@alux]

Thanks Indra.

[@Scrambled_Eggs69]

Can you make videos about berkshire hathaway?

[@samburdick2969]

Do a video on the ag industry!!!!!!

[@AnaHecSepulveda]

Being from Puerto Rico it really surprised me to find out that it is/was a tax haven. Funny since we left the island because my family didn’t have money. My dad took a job where his flight and housing was paid for and then when he saved money he sent for us (almost 20 years ago). My parents are there right now and they tend to travel back every year to visit family.

[@AnaHecSepulveda]

@@chuckscott4661 west part of the island

[@AnaHecSepulveda]

@@chuckscott4661 check out kzbin.info He has awesome videos from the island. Beautiful places to visit. You could probably even schedule an awesome tour with him.

[@louisludovicowrightuko5474]

You need to make a video about how a Bank Operates

[@stevenmweti7209]

Please can you make a video about how accountants can become millionaires .

[@lesliedoh267]

Yes or 15 things you didn't know aboutthe accounting industry

[@satish138able]

Nice video...🤑🤑

[@alux]

Thanks!!

[@kiranrana5108]

What mode is best to get money transferred safely

[@madhuramacharya7102]

I want see one video on the modelling industry

[@alux]

We'll add it to the list.

[@JammManagementColumbus]

This should be taught in elementary school level students in the U.S., public of course.

[@ButWhyMe...]

It won't be because banks lobbies against its - and even if they don't, it benefits them that youths, the future generation, are kept ignorant for the scams.

[@xyrkiejohn26]

I get the fees back from my bank. NFCU and USAA do this to its members.

[@victorvalderrama9941]

15 things about the trading industry.

[@jyotiraditya.patil16]

8:25 12M or 20M ? 🖊️ 😂

[@ihabammoury2879]

12 millions customers

[@wroomauto7615]

0:18 get informed or get inspired?

[@PavanKumar-jo9mp]

Please make video on stocks

[@feddaa65]

Why haven't you done a video about linux software

[@Ziploc530]

I work in a bank this was absolutely eye opening on things I never knew

[@dot0422]

Pay attention more when you are working in your bank. Start writing a journal then do a blog and get paid for it.

[@Ziploc530]

@@dot0422 thank you

[@chuckscott4661]

@DC. Do you work for a bank?

[@savagesalvage9449]

Have you ever bean? I have never bean.

[@mltransplus9910]

READY. !!!!

[@montavio]

You guys should make a TV show

[@montavio]

Real estate and multi level marketing industry

[@harshitkasnyal6443]

Gave the first like

[@vritss]

about nepal

[@davicacoutou6271]

Hey alux can you make a video step by step how a low income person can start to invest .where and how to go about it.

[@augustineo.6990]

!5 Things about trading industry

[@harshrakholiya4304]

Yes, I am a student and I have been part of Ponzi scheme, and I lost so much money in it. I recommend not to do it.

[@annsawyer6121]

I have never seen a Ponzi. . . But I know about Fonzi "Aye!"

[@jegank4599]

Tell about the osamu suzuki

[@bebetowilliams5712]

Wells fargo 😂😂😂 even the stock is scary

[@pareshjain8631]

About different investment bank

[@modernmoney2294]

I love #11!!!!!

[@alexandert696]

You give them your money for keeping They loan it and make interest they get keep If they go bankrupt you pay for them to survive How is this not a scam ?

[@timmyb4164]

Belgium isn’t a tax heaven, you pay here almost the most taxes of the whole world

[@ResurgenceofFreemasonry]

About your Point #2: You stated that 'countries that are tax havens include Puerto Rico ....' As it happens, Puerto Rico is a territory of the United States, and all U.S. federal banking laws apply in Puerto Rico. Puerto Rico does not allow you to hide money from the U.S. federal government like Malta.

[@ashishdeshmane7645]

Us banks are regulated 2008 - Right

[@liger20bassa52]

There a difference between working hard and having a ligit bank account or robbing a bank 😃

[@andreasschaetze2930]

Blockchain will be in jeopardy when AI and the quantum computer are getting traction

[@geocyo8835]

Hey Alux. For #3, the plural for "crisis" is crises.

[@vritss]

about Gal gadot

[@sosapablo1995]

3 million dollars at 26 years old damn

[@lindabyrne5692]

Yes. Real Estate.

[@patrickrylko]

#6...Launder/Laundry

[@taguroetits8743]

ponzi scheme no,but bank scheme yeah they send credit card to your house without requesting it and your family will surely not reject it , its like a green pass for shopping rampage

[@1010orlo]

Great video, just one thing. The correct word to use to describe a person from COLOMBIA is Colombian not Columbian. being honest as a Colombian it feels bad that even people like you guys that work hard in your videos make this mistake.

[@abhishekpratapsingh9272]

this channel is amazing. it is true share market is going to collapse soon ,symptoms can be seen these are bond yeild wich becomes high pe ratio becomes so high oil prices richs at its peak

[@genedewitt3992]

Some took money out my account. the put back $100.00 out of $700.00. I had to pay $600.00 of the money.

[@bhaskarsrivastava7872]

Tomorrow please TOM CRUISE VIDEO man!!!!Thrusday celebrity🙌🏻

[@alux]

Not Tom Cruise, but someone that comes from the future, more precisely year 2049.

[@vritss]

about taylor marie hill

[@ef7480]

HSBC wasn't one of the 'first' in UK...

[@elisabethhuttelmaier7592]

Van can i Form and Biuld a nrw Bank with a logo who talentet people createt design.without education. Musik Industrie ja you can.

[@kiffenenrichmenttools2042]

We don't even consider Puerto Rico part of the country anymore? SMH

[@kobiesboxing4956]

Peurto Rico isn't an American state. It's more like a United States possession. I mean there's a reason why Peurto Ricans can't vote in US elections.

[@ShawnCoxshawnisblessed]

The industry I work in.

[@E-utube]

Im sure the branch manager appreciates your services :pp

[@dot0422]

@@E-utube LMAOOOOO

[@kepstein8888]

Starts at 2:00

[@stevegorel]

Wait Belgium? I live here and it is very strictly regulated. Luxembourg however not. maybe you mixed up BENELUX (belgium netherlands luxembourg) as a border passing union prior to the EU. But each country stil is independant in their national regulations.

[@vritss]

photography industry

[@danicegewiss862]

Puerto Rico isn't another country. It's part of the United States. We own it.

[@randygreenfield4312]

Danice Gewiss ‘we’ ?

[@chyenfemyzikangela3703]

I was in TextCashNetwork back in the days. Ponzi scheme or not?

[@almeidaoduorokoth1221]

insurance

[@nycto16]

As a Banking and Finance student, this was interesting.

[@nycto16]

@@chuckscott4661 Yes I will :)

[@nycto16]

@@chuckscott4661 Investment banking but I know it is too much hard to get into otherwise corporate or digital banking/fintech also attracts me.

[@nycto16]

@@chuckscott4661 Sure sure why not! I don't have any plan to start my own company but at some point I'm really interested in making a fashion brand or my own VC firm!

[@nycto16]

@@chuckscott4661 Like clothing brand (more specifically vintage, royal) or maybe bags/shoes.

[@nycto16]

@@chuckscott4661 Thanks! No, I'm from Karachi...

[@matttejada7381]

This video would've been much better if there's no background music.

[@lindanorris3226]

🔥🔥🔥

[@loveja1234]

Belgium a tax haven? Their highest income tax rate is over 60%

[@fabianculot3828]

Agreed! I may live in the wrong place in my own country to see it ;) This video is full of crap...

[@jorge-lp2xi]

Belgium is a tax heaven. After seeing your comment i made a little research and the tax rate you describe is the one for a resident with a total taxable net income of +39,660 euros. Now when the video says Belgium is a tax heaven is talking about corporate tax, thats very different than a resident. When it comes to corporate tax belgium is indeed a tax heaven only behind Netherlands in europe which is first thanks to laxative policies when it comes to bussinesses fiscal supervision by the state.

[@fabianculot3828]

Your right? I've just find out too. Sadly, I am not corporate... yet ;)

[@barryetherton4889]

Tax Haven is only for Multinationals.

[@amalyah46]

Medical Insurance industry

[@nayanmipun6784]

You haven't included the actual storage of money of banks, why do banks collapse and why because of the collapse people loose money in their accounts