Essays on Banking Industry

Article 1

The Harvard business Review, greatly discusses some of the ways in which business organizations many improve their business ethics. Further, the article discusses some of the reason why business organizations tend to act unethically. In the modern world, some of the obstacles that directly influence the ability to act ethically are such as cross- culture differences. Other obstacles are such as incentives as well as pressure to greatly inflate the organization’s target and achievements (McKee). While establishing rules and ethics training in business organizations may help in acting ethically. They however, do not particularly help when business organizations ...

1. List of industry and jobs I want to work in the financial consultancy industry and build my career efficiently in a leading financial consulting company that provides services to the banking industry. I am interested in three job positions including Financial Consultant, Financial Advisor, and Finance Analyst. 2. Financial consultancy industry and jobs positions Financial consultancy industry is one of the fastest growing industries in the world that provides a variety of services to other organizations to improve their performance. I am interested in pursuing my career in the financial consultancy industry that offers a variety of service ...

Business-Government Trade Relations

Introduction Since the question that needs to be resolved by examining real-world examples involves understanding whether government intervention in international business trade is harmful or helpful in businesses, picking Micromac Techno Valley Ltd. was a simple choice. The company works in the area of software and website development and that caters to the financial or banking industry in particular. Some of the products that they have designed so far are eDeal, DigiDoc, eDoc and PBMS and which cater to the banking industry in Bangladesh. Apart from this, they also design websites for a number of small businesses while also ...

REFLECTIVE REPORT: DEVELOPMENT OF A REWARD MANAGEMENT SYSTEM

Reflective Report: Development of a Reward Management System Overview of the situation I reflect my experience at TSB Bank, Benford branch in 2016. The bank was underperforming since the employees were unable to meet the monthly set targets. This situation impacted the bank’s revenue as well as the provision of services to customers. Even after several meetings between the head of operations and employees, the situation worsened each month. A team of specialist was set up to investigate the issue. I was given the mandate to lead this team, and our core task was to identify the problem ...

CHAPTER II

This chapter will seek to conduct an absolute inquiry into what makes up security interest laws in the United States. In order to lay the foundation for comparisons in subsequent chapters, the three main elements of the study of the Saudi system will be reviewed here in the context of U.S laws with an emphasis on California state law. The features of the California legal system will include the assessment of foreclosure rules and patterns in California. This will include a detailed fact-based evaluation of CCP580 (b), CCP580 (d) and CCP726 (a). The different components will enable the study ...

The Asian Financial Crisis that occurred in 1977 had a huge negative impact on various countries including South Korea, Singapore and specifically hampered their banking sector. However, China was not swamped in this financial catastrophe and sustained financial growth. ‘Nonetheless, China has numerous banking hitches similar to its neighboring countries, especially poor corporate governance, over dependence on banking system, and vast number of bad loans’ (Peng). Chinese banking industry certainly has a substandard governance and corporate management that is inundated with political interfering from the Government. There is a collision of interest various stakeholders as in the ‘central political ...

Wells Fargo is a $222 billion bank with diversified financial services that provides consumer finance services, mortgage, insurance, banking and investment services. It is the leading internet bank and has over 5300 stores globally (Han-Yuh 2007). Wells Fargo is a publicly traded corporation and was founded back in 1852 (DeYoung & Rice 2004). Based on the recently released Forbes report, Wells Fargo was ranked at position 26 in the world based on market value, assets, sales and profits. It is vital to note that this company prides in operating as the first national bank charter in the US and recently ...

Introduction

Background of the Study The world economy is currently facing numerous challenges, ones that imped growth and continuous economic development. In reality, there is no such thing as a straight line when it comes to economic development, accounting, and asset management. If history is to serve as a basis, economic development, both on a national and international scale, has been and so can be characterized by a cycle of boom and bust . Based on the metrics that both accountants and economics experts look into when analyzing a for-profit organization, a bank, or a macro economy, the risk of being ...

Impact of Financial Crisis on the United States’ Banking Sector

The 2007-2008 crisis also referred to as the global financial crisis affected the banking sector across the world in many ways and the US banking sector was not spared. Over the short term period, the crisis affected the banking sector in several ways. Several banks incurred huge losses because of the increased default rate as people and businesses were unable to repay their loans. Mortgage defaults were very high making the banking sector to enact legislation to curb the spread of the crisis. The crisis caused the interbank lending sector to freeze with credit to consumers and businesses drying ...

1.1. The problem presented in the case was how the Chief Learning Officer (CLO) Tom Pederson, would transform the company by developing a strong company culture. Coming from a long history of struggles, employing talent of varying cultures to help get them thru the challenges they faced, the bank is now faced with the dilemma of how to merge these cultures to come up a with a unified organization. Pederson also had hesitations about the newly-implemented performance evaluation program, which is the first time employees are rated against the company’s vision and values. 1.2. As mentioned, one of ...

Abstract

The NBC has continuously posted its earnings in the recent financial years despite the fast-changing consumer preferences, conditions of the market, and technology. This success proves that the bank is focusing on the correct priorities, and pursuing appropriate policies. Similarly, the strong performance of the NBC also affirms to the leadership quality throughout the bank plus the dedication of about 20,000 employees. According to the bank’s profile, it is an integrated group of banking that provides a variety of services to consumers where all both small and medium sized companies are presented in Canada. An overview of ...

Brand Audit

Tandem Bank Tandem is a digital banking start up company, led by Azimo Group. Founded by Ricky Knox and Matt Cooper, the organization successfully drawn its path to th challenging financial market environment in the United Kingdom. The Tandem Bank aims to offer breakthrough innovation into the banking sector, by comprising the market offer whih competes with the giants of the UK banking industry through the digitalized solutions and mobile-centered technology. The Tandem is a fighter from the initial stages of its existence, going after external financing and winning this challenge by attracting over £100 million in investment. In ...

Chapter 2: Literature Review

Introduction The chapter consists of all the relevant information that can be collected from past studies and are combined to present a clear view. It is the initial for determining the factors that can be used to synthesize the overall study through findings and discussion. The positivist approach is used to collect and summarize the information from the previous studies and determine the model that can be used to conduct a viable study. The positivist approach emphasizes all the relevant information regarding the topic that is to compare Islamic and Traditional banks using data envelopment analysis. The theoretical framework ...

The Determinants of Bank Performance in Kuwait

Abstract The aim of this paper is to determine the measures of banking sector profitability of Kuwait and then see the impact of internal and external determinants on the performance of the banking sector of Kuwait. Several variables are used to measure the performance of banking sector in this study, the impact microeconomic and macroeconomic determinants will be analyzed with relation to Return on Assets (ROA) and Return on Equity (ROE). However, answering the research questions will help in the selection of independent variables. It has been planned qualitative, and quantitative both research analysis techniques will be deployed for ...

Outsourcing Strategies

Introduction A small number of organizations function totally independently. As an alternative, organizations form partnerships with suppliers and contractors. Outsourcing permits organizations to conduct business in a more efficient and effective manner. While outsourcing is beneficial to an organization, knowing when to outsource and even describing outsourcing can be a challenging issue. Organizations can choose various tasks for which they wish to outsource. Organizations can outsource a single section of their routine operations, or they can set up outsourcing as a calculated part of their business (Vagadia, 2012).

Question Phase Motivation

The bank in this case decided to outsource for various reasons. ...

Business environment plays a significant role in determining the success or failure of a business. Basically, there are various internal and external factors that dictate the success of the business. Whereas the internal factors can be controlled by the management of the company in question, controlling external factors is an impossible task. Any business that intends to be successful ought to have a perfect understanding of its business environment. This paper seeks to analyze five dimensions of business environment: Economic environment; competitive environment; technological environment; social environment and global environment. In so doing, the paper will focus on the ...

Issues of Competition an Expansion of the Customer Base

This research project entails a critical review, analysis and subsequent discussion of the major competition issues as well as the expansion of the customer base within the banking sector with a specific focus on the interstate banking framework in the United States. The need to carry out this research was informed by the realization that the introduction of the interstate banking framework has revolutionized the financial sector in the United States and created competition issues as well as the expansion of the customer base factors that are unique to this framework in comparison to the previous framework where banks ...

REFLECTION PAPER

Reflection Paper Introduction I am a student of global financial management studies at the Regents Business School in London. I actually believe this school is the best choice for training and all other finance-related disciplines. My objective is to work in the financial markets after graduating from university. Some of the areas that I want to focus on include wealth management, private equity, private banking, and the hedge funds. In other words, I am focused on developing a career in the investment banking concentrating on the high net worth individuals across the world. To gain the core competencies required ...

Abstract

Banking and finance is arguably and in reality one of the biggest industries, if not the biggest. According to a recent report published by IBIS World, the banking industry has collective revenue of around $687 Billion. This is consolidated for the approximately 5,324 individual businesses and firms tied to the industry. In terms of its manpower size, the said report claims that the industry as a whole employs, both directly and indirectly, some 1.56 million people . If building doing business in the banking industry is being considered a venture, one has to factor in some important factors such ...

Ethics can be defined as the beliefs, practices and actions that have developed over the course of a society’s or community’s history which express what is widely considered to be proper, principled and decent behavior or attributes. In a business context, ethics refers to the principled manner that a company or organization treats its: staff and employees, customers and clients, suppliers, communities in which the company is located or does business in, investors or owners, and last but not least, competitors. Accordingly, a company that practices good business ethics will most likely treat all relevant parties with ...

SECTION A

Introduction The Royal Bank of Canada is the largest bank in Canada, serving approximately 16 million people who have an account with them globally, and has employed the services of over 78,000 employees around the globe. The bank’s corporate headquarters are based in Toronto, the capital city of Canada. Founded in the year 1864, it has grown over the years to define and refine the banking industry not only of Canada but the world at large. This is made possible with its over 1,209 bank branches globally, ranking number 50 on the Forbes Fortune 500 list ...

Recently, China has recorded a remarkable growth in its economy of nearly 10% per year. The bulk of this growth comes from the banking sector characterized by poor asset quality, low capitalization, and massive state intervention. For this reason, the government introduced sweeping changes to the financial sector to boost its stability. These changes included transforming the banking sector from a policy-driven, state-owned, non-performing system to a profit-driven, multi-ownership, competitive system. Although the sector has recorded marked improvements in its operation and efficiency, additional efforts is needed to deal with problems revolving around non-performing loans and shadow banking. The ...

Foreign Investment in China Banking Sector: HR Challenges

According to China’s perspective, foreign investment and participation can be also controlled by the government the way it controls national banks. Moreover, China managed to be quite successful in attracting foreign capital, while the only gap is the implementation of Human Resource policies. The partnership should be well-grounded and compatible with Chinese culture and values. The banking industry in China is being under a strict control of the government. There is a specific hierarchy of institutions that are established to exercise control. The entrance and exit from the banking system for small institutions are very complicated. The total ...

Abstract

This report includes the example of Deutsche bank in which the bank is accused of publishing a poor audit report with false figures and inadequate material to made analysis. The paper talks about the importance of the Risk, risk management, disclosure of the risk and the ways to disclose the corporate risk to decreases the impact of it.teh report includes the way through which the display of the information in the report affects the performance of the company. There are many ways through which good reporting can be achieved with even poor digits. The importance of the discloser in the ...

Section 1.0 Executive Summary

Previously Merchant’s Bank of Halifax, the Royal Bank of Canada was founded by 134 Halifax businessmen was founded in 1869. However, it was later changed to its present name in 1901. In 1941, RBC became the largest bank in Canada moving in parallel direct as Canada as far as the economy is concerned. With its headquarter based in Toronto, Ontario Canada, RBC is able to cater to 15 million highly diverse clienteles needing different services as indicated in the organization’s five business segments given its highly diversified and competent 79,000 workforce. At present, RBC thrives in ...

The Commonwealth Bank, which has businesses across United Kingdom, USA, Asia, Fiji and New Zealand, is an Australian multinational bank. It offers a wide range of financial services such as insurance, superannuation, institutional, business and retail banking, funds management as well as broking services. It is ranked as the second largest bank in Australia as per the Australian Security Exchange. Some of its brands include Commonwealth Insurance Limited, Commonwealth Security Limited, First State Investments Limited, Bankwest among others.

The bank was founded through Commonwealth Bank Act in 1911 and became the first bank to receive Federal Guarantee due to ...

Previously named Merchant’s Bank of Halifax, the Royal Bank of Canada was instituted by 134 Halifax businessmen in 1869. Its name was later changed in 1901. In 1941, RBC became the largest bank in Canada moving directly parallel to Canada’s economy. With its headquarter based in Toronto, RBC now caters to 16 million diverse clienteles in need of different services as intended from the nature of the organization’s business. RBC offers a wide array of business product portfolio carefully laid under the organization’s five business segments. The Company is manned by 79,000 diverse and competent ...

A situation analysis is general conducted to generate information about an organization’s status as far as financial and operating position is concerned. It is also done to identify the competitive position of the organization and enumerate the internal and external forces that could significant affect the organization’s performance. In lieu with this, a situation analysis on the Royal Bank of Canada has been conducted to assess the organization’s performance after the recently concluded global economic recession and the news of the gradual but steady growth in the economy. This is done in an effort to contribute substantial ...

- Basing my argument on the maxims advanced by Kantian ethics, the banks in the United Kingdom did not act ethically. The tree maxims advanced by Kantian ethics are used for vetting the ethicality of actions. Under the first maxim, ethical actions reflect an underlying principle that can be followed by everyone. Under the second maxim, ethical actions are those that treat people with dignity rather than as means. Under the third maxim, all ethical actions are universally accepted by all human beings. An ethical act should satisfy the threshold set by the three maxims (Crane & Matten, 2010, ...

According to Dr. Martin Luther king junior critical thinking is a vast field that encompasses various aspects of everyday life. It is therefore much more complicated than simply engaging in mental activities aimed at arriving at a certain conclusion. According to Dr. Martin Luther king true education encompasses a coalition of character and intelligence. He further stresses that the most dangerous villain might in fact turn out to be the most intelligent member of society who just so happens to be at a state of moral bankruptcy. Thus morality is very important in critical thinking and arriving at an amicable solution that has ...

Part 1

- In what ways did the video "The Crisis of Credit" demonstrate the failure of the banking industry's Fiduciary Relationship to investors and home owners?

The video explains a worldwide financial disaster that effected everyone. It started on the burst of the dot com bubble when the federal reserve of the United States decreased the interest rate to 1%. This value dramatically dropped the investment level because of the reduced ROI. This action made banks to take more and more loans from the Federal Reserve. The leverage increased as it became very easy to return a loan, so the demand for credit increased rapidly.

The banks took a lot of credit, and they were easily able to payback and made a lot of profits. Investors saw this as ...

The Structure of the U.S. Banking System

Introduction

During the recent global financial crisis, critics have posed the question: does the repeal of Glass-Steagall have a positive or negative effect on the banking industry? Review of the structure of the U.S. banking system has culminated in some consensus that the U.S. government should bring back the Glass-Steagall Act. This is consistent with reporting by the FDIC (Federal Deposit Insurance Corporation), that more than one hundred twenty banking institutions have failed between 2007 and 2009, and this was largely in part due to high risk investments (i.e. mortgage backed securities).

First enacted ...

Let’s say you have a fantastic business idea that you know will make money for you. You have made your calculations, you have studied the market, you have found the perfect location and you have a good idea how you will operate and make the business happen. The product you have is unique. How to make the product will be unique. You have found the people who will help you make the product. You have emptied your wallet, gathered all your money from your savings, sold your car, you now some of the cash you need to start it all ...

Industry Report: Banking

Introduction When it comes to an industry, then there are number of things which have been taken into account for the same. The essence of effectiveness and productivity always been associated with an industry and the stance of effectiveness depends upon certain factors. There are number of industries working in the world and all of the industries have their own significance and importance lies in a broad nutshell. There are certain aspects which have to be taken into consideration by an organization or by an industry in order to become competitive and eminent in a certain industry. Financial Productivity ...

Its impact on the businesses of New Zealand in 2014

(Name of your Institution)

External organisational environment of New Zealand and its impact on the businesses of New Zealand in 2014

Introduction Since the past few years, increasing emphasize have been cast “on the importance of analyzing the relationship between the organization and its environment (Pfeffer, 1972).” Several researches have been made in order to understand how the external organizational environment, general environment and task environment affect business in a country. “Also known as the operating environment, external organizational environment refers to market conditions, economic and political issues on the local and national levels, demographic factors, and other forces outside of a business that affect the overall success of that business (‘External Environment’, n.d.).” On the other ...

Introduction:

The pirates of Manhattan, Barry James Dyke expounds and gives a clear and vivid 10 year extensive research insight on the various concerning the American consumer. He clearly brings the general aspect of Systematically Plundering the American Consumer and How to protect against it. The knowledge of well extensive research is backed by the detailed statistics presented. This is based on the fact that if most guarantees are absent, consequently most financial products fade away. Hence, in the expanded form of analysis, the book clearly brings the aspect of the liquidity of money. In addition, the behavior of money in ...

Introduction

Changes in the business environment may have adverse effects on individual organizations. An evaluation of Friendly bank demonstrates that it faces a significant problem. First, the organization is facing an organizational culture problem. The problem can be attributed to the changes in the organizational design that have transformed the operations of the organization. The move has caused confusion among employees who have found themselves in a dilemma. They could either leave the organization or work in departments that they had not applied for. The changes in the organizational structure were prompted by two significant trends in the banking industry. First, rapid ...

Portfolio Management

Introduction The objective of this report is to understand the performance of various stocks ranging from different industry over a period of three weeks. The companies selected by us include: - Apple Inc. - Ebay Inc. - Delta Airlines - Coca-Cola Company - Bank of America - Wells Fargo - Banco Santander - JP Morgan - Progressive Corp - Pepsi - Mcdonald - AT&T The companies were selected as each one represented their industry significantly while the banking stocks were selected primarily because of recent growth ...

Undoubtedly, the banking industry plays an imperative role on the economy of any country. Therefore, the financial predicaments that were experienced in the investment banking industry were without a doubt accountable for the rigorous and invasive conventions in recent times. That explains why the industry has been bombarded with such regulations as they try to recovery from the crisis something that necessitates new strategies that would enable them to cope endure in the business. By illustration, some of the recent regulations include but not limited to Basel III, Financial Transaction Tax (FTT) Act, and European Banking Authority (EBA) Governance Guidelines ( ...

The market for banks is fast changing with new product, new markets and new players. Not only are these, but also the ways previously consumers and banks interacted changing. It is hard to say how much more change are we going to see in the banking industry. What we can say is that only unchangeable element in the banking industry. Other factors, people, things, interactions and relationships are changing. Denecker et. al (2014) states in his article that banks are constantly changing as a result of new technology. New technology is making old process obsolete and slow and, therefore, ...

Executive Summary

In the current global setting, competition in all realms of life continues to get intense especially within the business world. If every organization runs in the competition and attains success, the organizations must follow the criteria of strategic management. A number of approaches guide the industry to utilize the most opportunities and enables an organization to face hurdles that frequently occur within the business environment. The strategic and market in approaches any organization chooses to use mainly helps to maintain and sustain strengths of the company. As established earlier, the principal intention of the paper is to conduct a strategic ...

1. Introduction The banking industry is one of the most important and crucial industries in any economy as they perform many vital financial functions associated with the development of the nation’s economy (Scott, 2007). The utility provided by banks to the customers determines the popularity of the bank in the market and likewise also has an impact on the competitive position of the bank in a particular market. As banks are a part of the service industry, the competency of a given banks is largely dependent on the human resources employed in the organisation. This document analyses the aspect ...

Discussion Questions

- According to the case study, the banking industry in the era of 90s were in a good financial condition, however; there was some banks that don’t have success stories at the time of era of 90s in particular. As per the case study, problem of shaking of confidence of the people from the real estate market of the country, along with fluctuating interest rates and stock market crash were some of the major incidents due to that the banking industry of that time received some serious jolts altogether and among those banking sector, one of the names that ...

Information Technology On International Banking Performance

THE IMPACT OF INFORMATION TECHNOLOGY ON INTERATIONAL BANKING PERFORMANCE: COMPARATIVE CASE STUDY ANALYSIS OF NIGERIA, UNITED KINGDOM AND BRAZIL BANKING INDUSTRY

INTRODUCTION

In recent times the banking industry of different countries has become a very significant one because it plays a major role and it is a major contributor in ensuring increase GDP. Information technology has brought about the possibility of digital financial transactions and possible electronic trades accord boarders and nations. Although information technology has contributed positively to the banking industry and enhancing globalization it also has its defaults which has brought about several losses to banking sectors of economies. Levitt ( ...

Like any other sector; banking, trade, and commerce have evolved to embrace the use of technology in different ways. Unlike the traditional settings, where cash was the only accepted means of payments, these sectors have simplified money into different forms. However, while technology has been significant in the expansion of the scopes of markets through different payment methods, mostly electronic forms, the technological developments in the banking industry have equally added risks and created problems in transactions including fraud, cybercrime, and money laundering among other crimes. Nevertheless, the impacts of technology on the efficiency transactions have been significantly noted ...

Abstract

This research paper was had one objective: to investigate the circumstances that saw the Kuwait Gulf Bank survive a financial crisis. Kuwait Gulf Bank is one of the largest financial institutions in Kuwait and, therefore, one of Kuwait’s major lenders. Before the financial crisis, the Bank had been very successful in its operations. It first became operational in 1961 after having been established in Fahad al-Sahem Street the previous year. Its headquarters were, however, later moved to Abdulla al-Sahem Street three years later. In the years following that, it has continued to grow and has been able to finance ...

Executive Summary

Online banking is growing immensely in the modern days. It is a convenient way favored by customers because it enables them to transfer money, pay bills, and access their financial information online. On the other hand, financial institutions favor this industry because it is cost effective. However, online criminals who try to steal firms’ and client information, as well as their money have plagued online banking. Pharming and phishing are the most common attacks experienced by online account holders (Singhal & Padhmanabhan, 2008). Therefore, using an online account has become a risky endeavor that has resulted into serious loss. As a result, clients ...

This film dramatized the American economic collapse of 2008. The collapse, and the subsequent "government bailout", was precipitated by a number of factors. As pointed out in the actual drama of "Too Big to Fail", the combination of unregulated banking practices and lax requirements for consumer credit created an economic meltdown that had worldwide repercussions. During the short period that led up to the so-called TARP (Troubled Asset Relief Program), colossal mortgage bankers were in the practice of underwriting mortgages for both commercial and residential properties, such as houses, condos, and retail space. Mortgage insurance companies, like the behemoth ...

Introduction

The introduction of banks replaced the traditional method of storing money. During the Stone Age period, human beings stored their possessions in caves and caverns. An ancient Chinese legend talked of a dragon which was the kept by villagers to guard their treasure. The banking industry replaced the need for hiring animals and soldiers to guard their possessions. The advent of banking replaced the barter trade and signaled the demise of the traditional method of keeping money. The conventional banking system was first developed in England. Banks kept equal an equivalent amount of gold or platinum with the amount of ...

The Global Financial Crisis (‘GFC’) had a very dramatic impact on the domestic economies of a number of global nations, in a plethora of ways, typically replicating the fiscal and financial health of such nations. United Arab Emirates (UAE) was one such nation that had a serious impact of the GFC and since then the myriad challenges posed by the capital markets has been an interesting area of focus for the Middle East. UAE is one of the oil rich economies of the Middle East. During the initial and developing years of the last century UAE discovered new abundance and wealth from its ...

Q1: Which qualities & skills do you possess that make you suited to the role to which you have applied?

After reading the requirements for the intern position in your organization, I am confident that I have the relevant skills and vast experience applicable to the organization. My dedication in class has helped me acquire a GPA of 3.81 with As in Economics, Calculus, Statistics, and accounting in my Bachelor of Arts in Economics at the University of California, Los Angeles, which I believe are mandatory to research. I am a self-motivated team worker with proven leadership qualities that are also instrumental to learning as a group. I have attended and completed trainings on leadership in investment banking, private equity, real estate, ...

The usage of mobile has attracted animated debate on whether the entire banking industry should transform its major services to online system. Mobile banking connotes to the use of mobile phones in financial institution to execute various financial transaction. The emergence of smart phones has played a critical role in the adoption of mobile banking. The excess use of mobile banking by clients has ensnared banking industries by surprise (Fredrick & Lal, 2009). In the past, clients of various banks had to make a long queue in banks either to deposit cash/checks or to withdraw cash. Today, the banking technology has soared ...

Law is a procedure established by custom within the society or a rule to guide human conduct within the society. The presence of law creates obligations for different persons in ensuring that they conform to the laid down procedures and regulations. Law permeates every sphere of the society and remains a critical enforcement mechanism of regulations in the society. Failure to abide by the law exposes the defaulter to legal sanctions as enforced by the authority through the courts. It has also been argued that the law enforces ethics. Law acts to serve numerous roles and functions and this paper shall examine ...

Commercial and investment banking

The banking industry is becoming one of the most fluctuating and risky business industries in today’s financial markets. There are many financial and political reasons behind this uncertain business environment for banks. Therefore, in these circumstances the bank consolidation is one of the most reliable methods for banks to sustain the poor economic environment. If any bank is suffering from a poor financial situation or couldn’t compete in the presence of larger banks, then two smaller banks can merge themselves to become larger financially stronger bank. One of the advantages of banking consolidation is that the ‘child bank’ ...

Summary:

J.P Morgan Chase& Co. is one of the leading banks in United States and second largest in the world on asset value. The authors articulate that J.P Morgan Chase Co. faces gross regulatory and legislation woes, and it intends to use more than $4billion, and employ approximately five thousands employees to clear the bank’s compliance and risk challenges. Monica and Dan points out that this move would not only clear the bank’s compliance and risk challenges, but also restore the bank’s reputation and image in the region. In the article, the authors affirm that the bank ...

Kuwait is a country which is situated in the western part of Asia. It is formally known as the State of Kuwait, and it is an Arabic speaking country, largely under the Islamic Law rule. It is a nation that relies heavily on the production of oil and petroleum products. Kuwait is considered to be one of the richest countries in the world. This is because it has a gross domestic product of approximately one hundred and sixty nine billion dollars. In addition to that, it records a per capita income of approximately eighty one thousand eight hundred. This makes the country to ...

Introduction

Every organization has its own management techniques that facilitate its smooth operation and the accomplishment of its set objectives. The management is responsible for running the day to day activities of the business. There are about four main functions carried out by the management of a given organization which include: leading, planning organizing and controlling. The SunTrust bank is an organization in the banking industry which like any other business, has a management team that carries out several functions to ensure a smooth running of the business. SunTrust Bank is a well managed organization that will continue to grow in the future.

Background of the SunTrust bank

SunTrust ...

Introduction

With increased technological advance and globalization, businesses in different industries and sectors are increasingly adopting online business systems as platforms for reaching a wider market as well as enhancing their efficiency and effectiveness. In that respect, the banking industry has been in the forefront in rolling out innovative products and services. However, the development has been matched by growing crime activities like internet fraud and scams which pose significant risks to the industry and individual firms. In that consideration, this analysis seeks to demonstrate the risks the internet fraud and scams pose to the industry and how they can be ...

Executive Summary

Quarterly industry forecasts on a global scale show a provision for historical and present data forecasts with an analytical perspective of major global industries and market on the rise. Currently economic researchers examine changes using integrated global economic sector based model as a measure of ensuring accuracy in measurement. Focus in mainly on developing markets and economies with adequate coverage of all main sectors of manufacturing and services. This occurs a thorough examination of industrial sectors on scenario analytical perspective encompassing economy friendly systems with precision in methodologies of forecast.

Introduction

There has been a growing emphasis by financial industry researchers concerning the global economic ...

Introduction

The banking industry is a major target of the increasing levels of Internet fraud and scams. With the advancements in technology, cybercriminals have developed more sophisticated tools for stealing money from banks, which can result in millions of dollars of financial losses for these banks (Constantin 2012). For Secure Future Savings Bank, in particular, Internet fraud and scams can disrupt its online banking operations. With online banking being so popular among Future Savings Bank’s customers due to the convenience and ease it brings them (Why is online banking is so popular these days? n.d.), disruptions in these operations ...