...For this particular discussion, I chose a multinational banking and financial service provider company, JP Morgan Chase, which was enlisted as the 2nd most profitable company in 2015. According to Fortune 500 list, JP Morgan Chase & CO managed to become the largest bank in the U.S, the title that was previously owned by Bank of America. In addition to Chase's expansion, the corporation surpassed Wells Fargo in yearly earnings and was named as the nation's most profitable bank (Shi, 2016). Chase's recent expansion and success go hand in hand with the initiatives that the corporation is upholding. Some of the strengths of the financial services company include strong brand name, good financial position, and visibility. As the industry statistics confirm Chase remains to be the only bank along with Discover to maintain the good financial position, showing highest sales, market value and assets especially after recovering from the financial recession....
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...Transcripción de Andersen : Una obstrucción de la justicia ? Andersen : Una obstrucción de la justicia ? David Duncan fue el testigo principal en el caso Andersen. Él triturar los documentos que son necesarios para la investigación de la SEC . mientras que Nancy Temple era el consejo legal y abogado en el departamento jurídico de la Anderson. Ella ordenó David Duncan para destruir todos los documentos relacionados con Enron con el fin de estar a salvo en la investigación. Por lo tanto Nancy Temple era más responsable de la Andersen SEC y el Departamento de Justicia que han intentado ANDERSEN AS FIRME Y también debe tener como objetivo a individuos concreta realizada ACTOS ILÍCITOS . En opinión del tribunal , las instrucciones eran demasiado vagas para permitir que un jurado para encontrar realmente había ocurrido la obstrucción de la justicia. El tribunal consideró que las instrucciones fueron redactadas de tal manera que Andersen pudo haber sido condenado sin prueba alguna de que la empresa sabía que había violado la ley o que no había habido un enlace a cualquier procedimiento oficial que prohibía la destrucción de documentos. A pesar de la condena de Andersen fue anulada , no creemos que los empleados de Andersen actuaron de una manera ética en el caso de la fiscalía principales socios en la oficina de Andersen Chicago habían permitido Enron utilizar prácticas contables agresivas que eran cuestionables , dada la naturaleza de los negocios de Enron. 2 . Los temas...
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...Caso de estudio: Sears. Roebuck and Co. vs. Wall-Mart Stores, Inc. Por Daniel Escobillana, Christl Hepner y Caterina Ojeda 1- ¿Cómo difieren las estrategias de ventas al por menor de Sears y Wal-Mart? A pesar de ser dos compañías que comparten el mismo rubro, y compiten de manera similar en cuanto a sus modelos de negocios y estrategias, existen dos diferencias principales en el approach que tienen ambas en la forma de implementar su estrategia. La primera, en términos de valor agregado y diferenciación, y la segunda es en términos del modo de pago. En cuanto a qué ofrece cada tienda en cuanto a valor agregado a sus clientes, vemos que la estrategia de Walmart es mantener los costos de producción lo más bajos posibles, para de la misma manera, mantener los precios de ventas menos elevados que la competencia. Esto se ve reflejado en su lema “Precios bajos todos los días”. Por otra parte, Sears optó por una reorientación de su mezcla de productos, para aumentar las ventas apelando a una clientela objetivo de clase media, es decir, busca diferenciarse en términos de exclusividad. Esto se ve reflejado en el lema: “Venga y vea el lado más elegante de Sears”. La segunda diferencia tiene que ver con las facilidades de pago, específicamente, el crédito. Por una parte Sears administra su propia tarjeta de crédito, en cambio la tarjeta de Wal-Mart era emitida por el Chase Manhattan Bank y el riesgo de no pago era asumido por el mismo. Esto afecta los resultados de ambas empresas...
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...Throughout history we’ve seen political and economical forces work in tandem with each other. Whether it be communism and socialism, imperialism and nationalism, etc. great impacts on the world have been the result. The two forces that I chose for examine in this essay are Capitalism and Industrialization. What is capitalism and industrialization? Capitalism is a type of economic and political system where business is controlled by private owners, rather than be regulated by the government, and Industrialization is the transition from an agrarian society to an industrial one, with improvements in technology and industry. Capitalism and Industrialization are two forces that have shown a high amount of synergy throughout history. With the rise...
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...Short Essays on the JP Morgan Trading Losses of the summer of 2012 LEG100 10/27/2013 JP Morgan Organizations such as the Securities Exchange Commission and the Commodities Futures Trading Commission are independent agencies that are legally charged with regulating and providing guidelines for the trading and or exchanging of the goods and services within their respective jurisdictions. The Securities Act of 1934 has fully empowered the SEC to do a periodic evaluation of reports from companies that publicly trade their securities. The same act hands the SEC the powers to discipline individuals and entities that are regulated if found in breach of industry rules and regulation (Mahony, 1982). The Commodities Futures Trading Commission on the other hand was created in 1974 to protect individuals, the public and industry players from manipulation, fraud, and potentially abusive practices while at the same time fostering competitiveness, openness and creating markets that are sound (Teall, 2012). There are four basic elements of a contract as Miller (2012) writes. The first important requirement in the formation of a contract is an agreement. In an agreement there should be a party that offers to enter into the legal agreement and another one that accepts the terms of the offer placed. The terms of the contract should contain wording that allows meeting of the minds of both parties that allows them to consciously read and or understand what is in store for them...
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...The Communicator Is An Effective Way To Do Business And Explain The Resulting Impact To Businesses Essays and Term Papers What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? Financial Institutions got a bailout By President Obama in 2009, Mortgage values dropped, financial institutions begin to Feel the pressure especially firms such as Bear Stearns that specialized in trading Mortgage backed securities. There was $61.7bn in losses with AIG, strong economy Out of more jobs can accelerate the next decade, there be a budget deficit. AIG got A $180bn bailout; while Bank of America got $45bn as well as JP Morgan Chase $25bn, Goldman Sachs got $10bn. The Rapid pace of change in business is the Internet, Cellphones and exposure on television. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit?People risk their Time, money and other resources to start and manage a business. But, They also Give hope to a better workforce. A lot of people; who are unemployed such as myself Right now will find jobs that are more flexible and challenging, working for big and Small business owners. When did American business begin to concentrate on customer needs? Why? Value of Certain Products begin to go up. High Gas Prices from $1.25 to $4.25, The Cost of a loaf Of Bread is $2.79, the cost of dishwashing liquid about...
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...The Gilded Age, a period beginning in the 1870’s and lasting until the late 1890’s, was an era in American history characterized by unparalleled economic growth and technological advancements while also plagued by significant social and political challenges. The name Gilded Age is derived from famous author Mark Twain’s novel of the same name, written for the purpose of exposing the blatant corruption and excessive materialism of America’s most rich and powerful. This essay aims to analyze the juxtaposition of prosperity among the wealthy elite and inequality during the Gilded Age. The rampant industrialization of the Gilded Age propelled prosperity by fostering great economic growth and technological innovation, consequently exacerbating...
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...11/28/12 Case Analysis Bank of America Mobile Banking - College Essays - Yibin2000 Log In | Essays Book Notes Citation Generator More Sign Up Search 850 000 Essays Henkel Business Challenge Create a new product or technology for a sustainable world with Henkel www.henkelchallenge.com/studentgame Savings Account Experience Great Savings with Standard Chartered Savings Account standardchartered.co.in/Savings Equity Market Read Financial News Anytime Online On Economic Times™ Official Site! EconomicTimes.Indiatimes.com Essays » Computers & Internet Case Analysis: Bank of America: Mobile Banking By yibin2000, May 2012 | 5 Pages (1,202 Words) | 677 Views| Report | Sign Up to access full essay This is a Premium essay Case Analysis: Bank of America: Mobile Banking Company Overview: Bank of America is the largest US bank founded in 1904, it has expanded through several acquisitions. By the end of 2009, Bank of America was the market leader serving 82% of the US population and over 53 million customers. They are positioned as number one in online and mobile banking. Their mobile banking services were launched in 2007 and have gained 4 million customers in less than three years. Acquisitions made by Bank of America prior to the financial crisis caused a very strong drop in their stock price. Customers: In 2009, 10 million customers used mobile banking and this is expected to grow to 37 million by 2014. Customers that use mobile banking are not the same as online...
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...Moral Hazard Critical Thinking Essay Everyday people are faced with challenges, obstacles and important decisions. When forced to address these encounters, a system of options are present. When choosing which option to chose or path to follow, people ultimately have two absolute alternatives. First, people can chose to be moral and just in their tactic, or unfortunately, people may choose a more unethical approach. Regrettably, in today’s world the latter has and is occurring. This seemingly unfair, yet also unavoidable interaction is referred to as moral hazard. Moral hazard occurs when two parties are forming some sort of agreement, contract, etc. and there is a possible risk at hand. Although people normally would be cautious of these risks they are protected. Bluntly, moral hazard is when a party is protected in some way from risk and therefore chooses to act in a way that they normally would not if they were not protected from that risk. While moral hazard may seem to only affect the party who is ignorant of the other party’s protection, it can become a much larger issue with regard to financial markets. Therefore, many financial market observers are aware and cautious of this for a few reasons. When dealing with the financial markets, the issue of moral hazard specifically relates to the Federal Reserve. The Federal Reserve creates a “safety net” for companies in large financial markets. There are two opposing stances regarding this. While some argue that...
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...Business and Financial markets “Case Study – J.P.Morgan Chase & Co.” Student Name: Gangadharan Renganthan Student Id : 1229047 Table of Contents Introduction: 2 History of J.P.Morgan Chase & Co.: 3 Key Moments in J.P.Morgan Chase & Co. History: 3 Current Problems: 4 Important of the Analysis: 6 Different Approaches to dealing with the problem: 7 A change in focus for banks: 7 A change in focus for regulators: 7 Financial Summary Indicators: 8 JPMorgan Chase & Co. (JPM)-NYSE: 8 Recommendation: 9 Conclusion: 10 Reference: 10 Introduction: J.P.Morgan Chase & Co. is a financial company which is an American multinational banking corporation of securities, investments, financial, and retail. It is in the top ranking and it is world’s second largest banking in the assets. The main job of this banking is that they provide financial services for the assets. They have the assets of nearly $2,509 Trillion. They have the one of the largest hedge fund unit in the United States. They formed this hedge fund in the year of 2000. The hedge fund unit was formed at the period of the Chase Manhattan Corporation was merged with the J.P.Morgan & Co. In United States of America J.P.Morgan is one of the largest banks in the top four lists. The other top banks are Citigroup, Bank of America and Wells Fargo. According to Bloomberg, J.P.Morgan Chase & Co. is as largest as the Bank of America while comparing with the assets them...
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...Bank of America Wardell Gordon Strayer University Professor Lateefah Muhammad June 15, 2014 Bank of America and the SEC The banking and securities establishment has been around virtually since the founding of this great nation. Right after the United States declared their independence from England they reformed and established a new way to bank and circulate money. From the start, the banking and securities industry have been working hand and hand. According to Sylla,” the sector that benefited most from early U.S. securities markets was banking. Banks in the United States, unlike most banks in other countries at the time, were corporations that raised their banking capital by issuing equity securities…active trading markets in the1790s.”(1998).This system was a ticking bomb for corruption from the beginning. There was little regulation the governed the securities industry. This sector was lawless like the Wild West. It left the door open for greedy bankers and brokers to steal and steal until almost everything was almost gone. These bankers and brokers was selling snake oil to vulnerable Americans. The SEC website states,” During the 1920s, approximately 20 million large and small shareholders took advantage of post-war prosperity and set out to make their fortunes in the stock market. It is estimated that of the $50 billion in new securities offered during this period, half became worthless.”(n.d.). This prelude to the catastrophic event called the Great Depression...
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...Comparative Book Essay The industrialization of the United States is arguable the most important aspect of the entire nineteenth century. It not only changed the way Americans produced goods, it also changed how Americans ran their lives and what the focus of society became. Besides these outcomes of the industrialization period, along with an increase in technology and production, there were other important side effects. The most important side effect of the industrialization period and topic of my paper that was mentioned in all three textbooks, was it’s effect on the relationship between social classes. This topic is a very important section, imbedded throughout Howard Zinn’s A People’s History of the United States, George Brown Tindall and David Emory Shi’s America: A Narrative History, and Paul Johnson’s A History of the American People. First we must take a look at the personal views of these authors before looking at how they each analyzed the topic. Zinn has a radical, Marxist interpretation of early US history in which he believes the entire history of the United States was based off of conflict. This includes racial conflict, gender conflict, and in our case, class conflict. Tindall and Shi have, as most history books do, a liberal interpretation of early US history in which they believe the history of the United States is based on consensus and agreement of core values among Americans. They believe the US has a good future because of the agreement on these values...
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...Introduction to Entrepreneurship Session 1 Olivier Witmeur September 2011 2 Desired outcomes of the session • • • • Introduce the course Tour de table What is entrepreneurship, what are the key constructs Who is the entrepreneur • AGENDA 1. Introduction 2. Course design and organisation 3. About entrepreneurs 4. What entrepreneurship is GEST-S547 - 2011-2012 © Olivier Witmeur 3 1. INTRODUCTION 4 What have these companies in common? • • • • • • • Delhaize , Colruyt, Leclerc, Sears & Roebuck Solvay, Pfizer, Yves Rocher Citroen, Renault, Ferrari McKinsey, Deloitte & Touche, JP Morgan McDonald, Neuhaus Dell, Hewlett-Packard Siemens, Dyson GEST-S547 - 2011-2012 © Olivier Witmeur 5 Examples of successfull entrepreneurs GEST-S547 - 2011-2012 © Olivier Witmeur 6 Entrepreneurship is … (3 minutes) GEST-S547 - 2011-2012 © Olivier Witmeur 7 La laiterie du Berger – Danone Latitudes GEST-S547 - 2011-2012 © Olivier Witmeur 8 2. COURSE DESIGN 9 Desired outcomes of the course • Understand why entrepreneurship matters • Introduce key-concepts and best practices in various settings • Develop your entrepreneurial mindset • At the end of the course each student must be able to: – Assess entrepreneurial opportunities in various contexts – Identify and master the main challenges associated with their exploitation – Understand when and where entrepreneurial management style is relevant ...
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...Just a year prior, the NASDAAQ returned nearly 90%, but one year later it plummeted 40% and continued dropping. The bear market of 2000-2002 erased all gains of the NASDAQ that to this day hasn’t even recovered half of its gains. The mood of investors and the American public quickly went from great to grim. The American and even global economy is strongly tied to the performance of our public companies. These public companies make up trillions of dollars in annual revenue. In fact, in the total market cap in 2008 of all publicly traded US companies was over $16 trillion compared to the $13 trillion of GDP. It is clear that publicly traded US companies drive the global economy (GDP vs. Market Cap from The Daily Reckoning). In this essay I will examine the role that publicly traded US companies play in the stock markets and how their capitalization, EPS growth, and investor expectations influence the prices...
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...robin blackburn THE SUBPRIME CRISIS I n the summer of 2007 many leading banks in the us and Europe were hit by a collapse in the value of mortgage-backed securities which they had themselves been responsible for packaging.* To the surprise of many, the poisonous securities turned out to constitute a major portion of their ultimate asset base. The defaults fostered a credit crunch as all financial institutions hoarded cash and required ever widening premiums before lending to one another. The Wall Street investment banks and brokerages haemorrhaged $175 billion of capital in the period July 2007 to March 2008, and Bear Stearns, the fifth largest, was ‘rescued’ in March, at a fire-sale price, by JP Morgan Chase with the help of $29 billion of guarantees from the Federal Reserve. Many of the rest only survived by selling huge chunks of preferred stock, with guaranteed premium rates of return, to a string of ‘sovereign funds’, owned by the governments of Abu Dhabi, Singapore, South Korea and China, among others. By the end of January 2008, $75 billion of new capital had been injected into the banks, but it was not enough. In the uk the sharply rising cost of liquidity destroyed the business model of a large mortgage house, leading to the first bank run in the uk for 150 years and obliging the British Chancellor first to extend nearly £60 billion in loans and guarantees to its depositors and then to take the concern, Northern Rock, into public ownership. In late January Société...
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