...merica Corporation. Assessment of the external environment of the financial services sector; an internal/external assessment of B of A.; a strategy assessment; and recommendations to the Bank of America on how to maintain and strenghen its competitive position. Paper Introduction: strategic Management analysis bank of america Introduction The report presents the findings of a strategic management analysis ofBank of America Corporation a financial services company that participatesin most facets of the financial services sector Bank of America is anationwide financial services company in the United States and the companyis the country's third largest banking company when measure by totalassets behind CitiGroup in first place and J P Morgan Chase in secondplace Hoover's Inc This report begins with an assessment of the external Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. Reliability in Service|.2 |3 |.6 |4 |.8 |3 |.6 ||Delivery | | | | | | | ||2. 8 |4 |.32 ||customer acquisition system | | | ||6. High-level of consumer awareness|.1 |4 |.4 ||3. Strong...
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...determining which government procurement opportunity is aligned with the LOB using the Federal Business Opportunities Website; the firm’s current strategies and assessing the strategic success using financial figures or “soft” indicators as the background; providing a SWOT analysis to determine the internal and external factors in servicing the federal government and utilizing a gap analysis in satisfying the expected requirements; and creating an action plan to fulfill the expected requirements based on the gap analysis. According to ("SBA", 2013) the U.S. government is the world's largest buyer of products and services. Purchases by military and civilian installations amount to nearly $200 billion a year, and include everything from complex space vehicles to janitorial services and cancer research. In short, the government buys just about every category of commodity and service available. By law, federal agencies are required to establish contracting goals, such that 23% of all government buys are intended to go to small businesses. In addition, contract goals are established for women-owned businesses, small disadvantaged businesses, firms located in HUBZones and service disabled veteran-owned businesses. 1. What is the small-business line of business? Wright Telecommunications is a woman owned small-business seeking an opportunity to do business with the federal government. The lines of business for Wright Telecommunications are service, IT solutions...
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...to changes in key variables including the reserve ratio, the non-borrowed monetary base, the discount rate, the currency ratio, the deposit outflows and market interest rates. In financial markets, the money supply can and does respond to different factors and events that can change how the money supply is handled, addressed and issued. The reserve ratio, or the cash reserve ratio, is a regulation that sets the minimum reserves each bank must hold against deposits and notes. The more deposits the bank has, the more of a ratio it might need to hold against its deposits. The non-borrowed monetary base which can deal with the federal reserve holdings of both currency in circulation and reserves as well as the treasury’s holdings can affect the money supply as this is the where the money comes from and depending on the policies the federal reserve wants to maintain, can adjust the monetary base and make changes to affect the market supply of money. With that change, the Federal Reserve can affect monetary policy and then turn around and make loans to banks. The loans made to the banks come with a small bit of interest called the discount rate, the amount the Federal Reserve charges the banks for use of the issued money. Depending on the rate, banks can set their interest rates, which would affect how many people would qualify for lending. The currency reserve ratio is how international countries and banks hold the U.S. dollar in reserve based on their currency pegged against our...
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...Monetary policy tools | 8. | Recent changes in Monetary policy | 9. | Evaluation of Monetary policy | 10. | Limitations | 11. | Conclusion | 12. | Bibliography | 13. | | 14. | | 15. | | 16. | | INTRODUCTION OF RBI The central bank of the country is the Reserve Bank of India (RBI). It was established in April 1935 with a share capital of Rs. 5 crores on the basis of the recommendations of the Hilton Young Commission Reserve Bank of India was nationalized in the year 1949. The general superintendence and direction of the Bank is entrusted to Central Board of Directors of 20 members, the Governor and four Deputy Governors, one Government official from the Ministry of Finance, ten nominated Directors by the Government to give representation to important elements in the economic life of the country, and four nominated Directors by the Central Government to represent the four local Boards with the headquarters at Mumbai, Kolkata, Chennai and New Delhi. Local Boards consist of five members each Central Government appointed for a term of four years to represent territorial and economic interests and the interests of co-operative and indigenous banks. The Reserve Bank of India Act, 1934 was commenced on April 1, 1935. The Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank. Objectives and Reasons for the Establishment of R.B.I: The main objectives for establishment...
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...released publicly so, at least in theory, everyone in the world receives the same news at the same time. Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For example, INR/USD is the price of the Indian rupees expressed in US dollars, as in Rs 1 = 0.0015 $. Foreign exchange reserves usually stores foreign currency and bonds held by the central banks of nations all over the world. The basic purpose of foreign exchange reserve is for foreign settlement of debts and payments between governments. These payments primarily associates with loans to create infrastructure, military spending and government aids. History: The modern exchange market as tied to the prices of gold began during 1880. Of this year the countries significant by size of reserves...
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...BULLETIN CENTRAL BANK OF THE REPUBLIC OF TURKEY Issue: 8 December 2007 GOVERNOR YILMAZ’S PRESENTATION BEFORE THE COUNCIL OF MINISTERS INSIDE: 2 Reserve and Risk Management at the Central Bank of Turkey 3 Publications and News from the Central Bank of Turkey 4 At a Glance In accordance with the Law on the Central Bank of Turkey (CBT) and the principle of accountability, twice a year, the Governor provides the Council of Ministers with information on current economic outlook and the monetary policy actions. In this context, Governor Durmuş Yılmaz made a presentation before the Council of Ministers on 12 November 2007. In the first part of his presentation, Governor Yılmaz pointed out the prerequisites to achieve sustainable growth rate and single-digit nominal interest rates. The Governor gave information about inflation developments, interest rate and the exchange rate policies of the CBT, growth, employment and balance of payments developments in the second part of his presentation. The Governor stated that sustainable growth might only be achieved via establishing macroeconomic stability, continuing structural reforms and enforcing the principles of good governance. 1981 - 1989 1990 - 2001 2002 - 2006 Average Inflation 43.4 % 74.0 % 15.9 % Average Growth 4.8 % 3.0 % 7.5 % The Governor, underlining the necessity of price stability and sustainable public finance for Source : TURKSTAT, CBT macroeconomic...
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...Chapter (15): The Management of Capital I. Introduction: What is capital? It refers principally to the funds contributed by the owners of a financial firm. In the case of a commercial bank this means the stockholders –investors in the common and preferred stock that a banking firm has issued. What is it that the owners contribute? Their money –a portion of their wealth- is placed at the financial firm’s disposal in the hope of earning a competitive rate of return on those contributed funds. Sometimes that desired rate of return on the wealth contributed by owners emerges and sometimes it doesn’t. Indeed, if the bank or other financial-service provider fails, the owners may lose everything they invested. Thus, capital consists mainly of owners’ funds placed at risk in the pursuit of an expected rate of return commensurate with the risks accepted by the owners. II. The Many tasks Capital Performs: The capital accounts play several vital roles in supporting the daily operations and ensuring the long-run viability of banks and other financial intermediaries. In the first place, capital provides a cushion against the risk of failure by absorbing financial and operating losses until management can address the institution’s problems and restore its profitability. Second, capital provides the funds needed to charter, organize, and operate a bank or other financial firm before deposits or other sources of funds come flowing in. A new institution needs start-up funding...
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...accounting fraud and auditor legal liability c a S eS inc lu de d in t hiS Se ction 4 89 99 4.1 Enron Corporation and Andersen, LLP Analyzing the Fall of Two Giants . . . . . . . . . . . 4.2 Comptronix Corporation 4.3 Cendant Corporation . . . . . . . . . . . . . . . . . . . . . . Identifying Inherent Risk and Control Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . 111 119 127 137 Assessing the Control Environment and Evaluating Risk of Financial Statement Fraud . . . . . . . . . . . . . . . . . . . . . . 4.4 Waste Management, Inc. 4.5 Xerox Corporation 4.6 Phar-Mor, Inc. Manipulating Accounting Estimates . . . . . . . . . . . . . . . . . . . . . . . . . . Evaluating Risk of Financial Statement Fraud . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accounting Fraud, Litigation, and Auditor Liability instructor resource Manual — do not coPy or redistribute instructor resource Manual — do not coPy or redistribute enron corporation and andersen, llP analyzing the fall of two giants inS tr uc t ional o b je c t ive S [1] c a s e 4.1 Mark S. Beasley · Frank A. Buckless · Steven M. Glover · Douglas F. Prawitt [2] [3] To help students understand what happened at Enron Corporation and how Andersen’s involvement with Enron led to the accounting firm’s downfall. To enhance students’ appreciation of the importance of understanding an audit client’s core business strategies. To develop students’...
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...instability, which proved to be very useful in completing this project. I also appreciate the hard work and efforts of my friends and former colleagues who has provided me with useful information / data which helped me choose this topic. PREFACE This research paper is submitted in partial fulfillment of the requirement for Bachelor of Business Administration (HONS) Banking and Finance. Our supervisor for this research is [PROFESSOR’S NAME]. The final year project is made solely by the authors yet it is based on the research of the others and the resources are quoted in references below. There is very little study about the determinants of banking instability specifically in Malaysia. In order to conduct the research I have chosen; reserve, interest rate,...
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...fraud risks (internal or external) that Sonoma Construction may face in its expansion into Nigeria. CONCLUSION: Moving into a developing country with a high rate of poverty creates a very sensitive and volatile environment. After a careful review of Sonoma Construction’s operations, the company faces three specific fraud risks in its expansion efforts into the Nigerian market: fraudulent financial reporting, misappropriation of assets, and bribery. ANALYSIS: Typically, an environment is ripe for fraud when there are specific financial pressures on individual employees, the opportunity to commit fraud is present, and a rationalization of the improper conduct is likely to occur. There are several factors in Sonoma Construction’s approach to growth and its planned expansion into Nigeria that satisfy all three elements, above, and present significant fraud risks. (1) Fraudulent Financial Reporting Poor economic conditions in Nigeria make expansion into this country risky. The choice to expand may result in a profitable investment or a poor business decision. Founder D.K. Hurd’s attitude may pose a problem if the company’s expansion is not as prosperous as he expects. His “no excuses” attitude and “forward thinking” outlook may put management in an uncomfortable position where they may feel forced to produce numbers that will satisfy his expectations, regardless of whether or not the numbers are factual. As a result, there is a risk that management may intentionally...
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...Economic and Financial Outlook in 2015 External Shocks Creating New Opportunities FSDH Research January 2015 Economic and Financial Outlook: 2015-2019 1.0 Global Economic Growth: According to the World Economic Outlook (WEO) Update of the International Monetary Fund (IMF), January 2015 Edition, the global economic growth is forecast at 3.5% and 3.7%, for 2015 and 2016 respectively. The forecasts were reviewed downward by 0.3% The IMF forecasts a global economic growth of 3.5% and 3.7% for 2015 and 2016 respectively. relative to the October 2014 WEO. The revisions reflect a reassessment of prospects in China, Russia, the Euro-area, and Japan as well as the weaker activity in some major oil exporters because of the sharp drop in oil prices. The United States (U.S.) is the only major economy for which growth projections have been raised upward. The IMF added that the global growth will receive a boost from the lower oil prices. However, this boost is projected to be more than offset by the negative factors, including investment weakness as adjustment to diminished expectations about medium-term growth continues in many advanced and emerging market economies. The U.S. is expected to grow by 3.6% in 2015 and slow down to 3.3% in 2016, supported by domestic demand due to lower oil prices, more moderate fiscal adjustment, and The U.S. is expected to grow by 3.6% in 2015 and slow down to 3.3% in 2016. continued support from an accommodative monetary policy stance...
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...FINANIAL CRISIS 2008 AND CORPORATE GOVERNANCE The business world is questioning whether Corporate Governance has become a mere catchphrase, divorced from the contentious problems it is supposed to solve… MEMBERS: AYUSH KUMAR-030 NIPEKSH I MAHAJAN-082 PRABHAV MISHRA-0 PRATEEK KUMAR-096 VAIBHAV JAIN-164 “Why should a financial engineer be paid four, four times... to a hundred times more than the real engineer? A real engineer build bridges, a financial engineer build, build dreams. And when those dream turn out to be nightmares, other people pay for it.” - Andrew Sheng “Contrary to the vulgar belief that men are motivated primarily by materialistic considerations, we now see the capitalist system being discredited and destroyed all over the world, even though the system has given men the greatest material comforts” - Ayn Rand “In fact, there is ultimately a limit to how much regulation can do. In the final analysis, you could write all the rules you want, but there has to be a philosophy of ethical behaviour that comes from human beings operating in a professional way” – William H. Donaldson, CFA “The global crisis was caused by “the over-50s not knowing what the under-30’s were doing” – Johann Rupert, Remgro Chairman “The first casualty of a downturn is truth” - Financial Times Columnist 30 Sept 2008 Introduction- The banking crisis was triggered by largely unregulated trading of complex financial instruments, including mortgaged-backed...
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...2016 FRM Exam Study Guide ® The designation recognized by risk management professionals worldwide 2016 Financial Risk Manager (FRM®) Exam Study Guide TOPIC OUTLINE, READINGS, able to deal with them effectively. As TEST WEIGHTINGS such, the Exams are comprehensive in The Study Guide sets forth primary nature, testing a candidate on a number topics and subtopics covered in the FRM of risk management concepts and Exam Part I and Part II. The topics were approaches. selected by the FRM Committee as ones that risk managers who work in practice today have to master. The topics and READINGS Questions for the FRM Exams are related their respective weightings are reviewed to and supported by the readings listed yearly to ensure the Exams are timely under each topic outline. These readings and relevant. The study Guide also were selected by the FRM Committee contains a full listing of all the readings to assist candidates in their review of that are recommended as preparation the subjects covered by the Exams. It is for the FRM Exam Part I and Part II. strongly suggested that candidates review Key concepts (knowledge points) these readings in depth prior to sitting for appear as bullet points at the beginning each exam. All of the readings listed in the of each section and are intended to help FRM Study guide are available through candidates identify the major themes GARP. Further...
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...Analysis: NOBLE ENERGY, INC Respectfully Submitted to: Dr Shengsheng Charlie Huang Strategic Management MGMT 4309- Fall 2013 Table of Contents 1. Executive Summary 2. Introduction 3.1 Company Background 3.2 Purpose of the study 3. External Analysis 4.3 General Environmental Analysis 4.4.1 Demographic Segment 4.4.2 Economic Segment 4.4.3 Political/Legal Segment 4.4.4 Socio-Cultural Segment 4.4.5 Technological Segment 4.4.6 Global Segment 4.4.7 Summary of the General Environmental Analysis 4.4.8 Industry Driving Forces 4.4 Industry Analysis 4.5.9 Description of the Industry 4.5.10 Industry Dominant Economic Features 4.5.11.1 Market Size 4.5.11.2 Market Growth Rate 4.5.11.3 Industry Trends 4.5.11 Five Forces Analysis 4.5.12.4 Threats of New Entrants 4.5.12.5 Power of Suppliers 4.5.12.6 Power of Buyers 4.5.12.7 Power of Substitutes 4.5.12.8 Intensity of Rivalry 4.5.12.9 Summary of Industry Analysis 4.5 Competition Analysis 4.6.12 Industry Competitors 4.6.13 Rivals Anticipated Strategic Moves 4.6.14 Summary of Competitive Analysis 4.6.15 Key Success Factors 4. Internal Analysis 4.1 Organizational Analysis 4.1.1 Corporate Values and Mission 4.1.2 Products...
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...compare to the Federal Reserve System in the US. The primary function of a central bank is to manage the nation's money supply through implementing monetary policies, through active duties such as managing interest rates, setting the reserve, and acting as a resort to the banking sector during times of bank insolvency or financial. The role of central banks also stem to determining controlling the nation's entire money supply, managing the country's foreign exchange and gold reserves and the Government's stock register, regulating and supervising the banking industry, setting the official interest rate used to manage both inflation and the country's exchange rate and ensuring that this rate takes effect via a variety of policy mechanisms. Central banks usually also have supervisory powers, intended to prevent bank runs and to reduce the risk that commercial banks and other financial institutions engage in reckless or fraudulent behavior. Though most central bank tailors the way they carry out these functions to the current economic situations of their country. All span into one common authoritative goal to maintain financial stability. Through monetary policy there is the establishment of goals such as high employment, price stability, Interest rate stability, financial market stability, foreign exchange market stability and economic growth. Through fact and example I shall relay how the central banks use monetary policy instruments such as reserve requirements, open...
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