...Td Bank is a national banking institution in the United States that offers banking insurance, brokerage, and investment banking services along the east coast in 15 different states. Td bank is amongst the countries top 10 banks. The bank took its name through a merger with commerce bank and Banknorth. The company operates under Toronto Dominion Bank in Ontario Canada. Banknorth also added a sister company, Td Ameritrade formed under TD Waterhouse. One of the main things I like about Td Bank is its convenience to its costumers. Working for Td Bank, they take pride in their high customer service ratings. The have employees attend TDU a university to train employees how to do their job and also please the customer. The main reason I started banking at Td Bank was when they started no Atm fee campaign, I stayed with TD bank after I opened a free student checking and savings account. Also, they are open 7 days a week with the best hours a bank has to offer. “We will be the Best Run, Customer-focused, Integrated Financial Institution with a Unique and Inclusive Employee Culture.” The mission statement above is strongly exhibited through Td Bank. Td Bank is my choice for personal banking. What makes Td Bank different from most banking businesses, is that they have learned how to come out on top. As stated by Levitt in Marketing Myopia, think outside the box. People who focus on marketing strategy, various predictive techniques, and the customer's lifetime value can rise above...
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...Bank Analysis Course Project: TD Bank and Royal Bank of Canada Management of Financial Institutions MAY11 Sec A Professor: Paul Tovbin June 19, 2011 Dalila Springer 973-223-1204 Introduction to Banks: TD Bank, (“TD”), is known as America's Most Convenient Bank. It is one of the 15 largest banks in the U.S., with approximately 23,000 employees and deep roots in the community dating back more than 150 years. The Bank offers a broad array of retail, small business and commercial banking products and services to more than 6.5 million customers through its extensive network of more than 1,000 retail locations throughout the Northeast, Mid-Atlantic, Florida and Metro D.C. TD Bank Financial Group (TDBFG) is a Canada based bank. The bank through its subsidiaries provides retail and commercial banking, wealth management, and wholesale banking products and services in North America and internationally. The bank is a retailer of financial services in metropolitan New York, Metropolitan Philadelphia, metropolitan D.C., Southeastern Florida, New Jersey and Connecticut. TDBFG offers its financial products and services to around 18 million customers through its four businesses namely, Canadian Personal and Business Banking, Wealth Management, Wholesale Banking and the US Personal and Commercial Banking. TDBFG is headquartered in Ontario, Canada. Royal Bank of Canada, (“RBC”), and its subsidiaries operate under the master brand name RBC. It is Canada’s largest bank as measured...
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...Analysis TD Bank As a current employee of TD Bank, having to conduct a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis on a company I am a stakeholder, I have a knew perspective on how strategic and operational planning has effect on me. As a part of management understanding the strategic vision of the company will enable management to effectively carry out the operational mission thus ensure all internal and external shareholders whether unique customer service, communicating across the social media with customers and employees, produces What’s In IT For Me (WIIFM) experience which means revenue. TD Bank strengths rely upon their ability to WOW their customer base with being Americas Most Convenient Bank, providing a unique branding within the banking community. Proven business models they have ignored. The only bank that stays open until 8 pm, provides doggie stations equipped with water and snacks for customers animals, and is open most holidays. In the state of South Carolina in which I live and work, The South Carolina TD Bank Campus is the only bank owned property and is the jewel of the TD Canada and TD US. The company has brought the largest amount on professional banking jobs in largely manufacturing state. Community involvement the bank has it. There is a TD Convention Center which hosts most major indoor invents in the state. However, there are always vulnerabilities. Weaknesses exist in every facet of the banking industry; however, TD Bank...
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...MANAGEMENT AND LEADERSHIP IN TD BANK GROUP Management and Leadership in TD Bank Group Julia Kuznetsova MADS 6600 Instructor: Dr. Zarbi May 21st, 2013 Management and Leadership in TD Bank Group Introduction The purpose of this paper is to exemplify how organizational managers and leaders create and maintain a healthy organizational culture and recommend two strategies that organizational managers and leaders can use to improve this culture. As an example I selected a Canadian multinational corporation – The Toronto-Dominion Bank. The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto. It is the second-largest bank in Canada by market capitalization and based on assets, and is the sixth largest bank branch network in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. The bank and its subsidiaries have over 79,000 employees and over 19 million clients worldwide. (http://www.td.com/about-tdbfg/corporate-information/corporate-profile/profile.jsp) The company is ranked at number 86 on the Forbes Global 2000 2010 listing. In February 2011 it was named one of Canada's top 10 employers by the Financial Post. (http://www.tdbank.com/aboutus/about_us.html) Organizational structure overview TD Bank group has a strong, independent...
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...TD Bank Financial Group: From worst to first Once viewed as a laggard on environmental risk assessment, TD Bank now occupies a lead position, tied with Royal Bank of Canada. With the June 2007 release of its Environmental Management Framework, TD is helping to set the bar in Canada on what banks can and should be doing to mitigate climate risk. The Environmental Framework now includes a statement on climate risk, and addresses carbon intensive industries including oil and gas, coal, electricity generation, and metals production. Significantly, TD has called for governments to implement a carbon tax to provide incentives for greenhouse gas emissions reductions. To begin the process of climate risk mitigation, TD is committed to a carbon audit and an assessment of climate risks faced by their clients. The Environmental Framework indicates that their climate change policy will extend beyond lending to underwriting and equities research. TD’s framework also addresses risks associated with loss of biodiversity, which extends to financing, underwriting, and advisory services. TD is engaging clients to increase the Bank’s understanding of the risks involved in conducting operations in high conservation value forests. For clients involved in logging operations, TD is asking for third party sustainable forest management certification. TD categorically states it will not finance operations that significantly degrade critical natural habitats. High conservation value forests ...
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...AF 603/2010 Fall Term Paper <THE IMPACT OF THE BOSTON CELTICS ON THE LOCAL ECONOMY> Xujing Liu THE IMPACT OF THE BOSTON CELTICS ON LOCAL ECONOMY Background The Boston Celtics are a National Basketball Association (NBA) team based in Boston, Massachusetts. The team is founded in 1946, and is currently under the ownership of Boston Basketball Partners LLC. The arena of Boston Celtics is TD Banknorth Garden, where they play their home games. The Boston Celtics has a long and rich history. It was initially formed in 1946, and was at that time owned by Walter A. Brown as a team in the Basketball Association of America (BAA), and became part of the National Basketball Association (NBA) after the merger of the BAA and the National Basketball League in the fall of 1949. (1) In 1950, the Celtics became the first franchise to draft an African American player, signing Chuck Cooper. (2) It has been quite a struggle for the Celtics in their early years, until Red Auerbach (3) was hired to be the coach of the team, who had coached in the military during WW II. In 1964, Auerbach made the Celtics the first team to have an all African American starting lineup. The Boston Celtics of the mid-1950s-60’s are widely considered one of the most dominant teams of all time. According to the official statistics on Basketball Reference website, the Celtics have won 17 NBA Championships, more than any other franchise in the league.(4) When it comes to hanging Championship Banners, the Celtics...
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...Connor and I were posing with the statue of Bobby Orr with my cousin Otto, who was visiting from Germany. The statue is located outside the TD Garden, and depicts one of the greatest moments in history. The upper photo was taken on May 10, 1970, when Bobby Orr scored the winning goal in overtime in game 4 to win the series 4-0. The Bruins appeared in the Stanley Cup playoffs for the first time since 1958. Before the TD Garden was built, Boston Garden stood nearby, having been built in 1928 by Tex Rickard. The building was originally built specifically for boxing, but was a great venue for other sports as well. In 1999, the Fleet Center was built, using the unique parquet flooring from the original Boston Garden. The TD Garden, as it is named now, still houses one of the original four professional hockey teams, the Boston Bruins. This lower picture was taken at Boston Garden in December of 2011. My brother Connor and I were posing with the statue of Bobby Orr with my cousin Otto, who was visiting from Germany. The statue is located outside the TD Garden, and depicts one of the greatest moments in history. The upper photo was taken on May 10, 1970, when Bobby Orr scored the winning goal in overtime in game 4 to win the series 4-0. The Bruins appeared in the Stanley Cup playoffs for the first time since 1958. Before the TD Garden was built, Boston Garden stood nearby, having been built in 1928 by Tex Rickard. The building was originally built specifically for...
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...Action Notes Pipelines, Power & Utilities Recommendation: Risk: 12-Month Target Price: 12-Month Total Return: Market Data (C$) Current Price 52-Wk Range Mkt Cap (f.d.)($mm) Dividend per Share Dividend Yield Avg. Daily Trading Vol. (3mths) $31.58 $25.51-$32.87 $24,000.8 $0.98 3.1% 1,487,005 December 760.0 750.0 63.7% $10.36 13.4% September 12, 2011 Equity Research 1 of 4 HOLD Unchanged LOW C$33.00 Unchanged 7.6% Linda Ezergailis, P.Eng. 416 983 7784 linda.ezergailis@tdsecurities.com Robert Hope, CFA 416 983 9717 robert.hope@tdsecurities.com Enbridge Inc. (ENB-T, ENB-N) C$31.58 Enbridge to Twin the Athabasca Pipeline for $1.2 billion Event Enbridge has announced that it will twin the southern portion of its existing Athabasca crude oil pipeline between Kirby Lake, AB and Hardisty, AB at an expected cost of $1.2 billion. Impact POSITVE. We estimate the expansion will contribute $0.04 of EPS on an annualized basis when volumes ramp up although we expect it will not contribute to earnings until 2015. Details Athabasca Expansion – Twinning Overview: • Overview: Enbridge has announced that it will install a new twin 345km, 36” liquids pipeline beside its existing Athabasca pipeline between Kirby Lake and Hardisty, Alberta. • Volumes: The twin line will accept volumes from oil sands projects in the Kirby area. We note that Enbridge’s Christina Lake Lateral, which services Cenovus’ and ConocoPhillips’ Christina Lake Enhanced Oil Project, delivers into the Athabasca...
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...adventure and sport/travel packages to people in Toronto, specifically the Ontario area. An opportunity for STI's success exists because the national tourism and travel industry is growing at 4%, and adventure travel at 10% annually. Further, the Ontario adventure travel market is growing at least 12% annually and there are no providers who specialize solely in adventure travel in the Ontario area. STI is poised to take advantage of this growth and lack of competition with an experienced staff, excellent location, and effective management and marketing. STI's total start-up capital requirement is approximately $102,500. Start-up will be financed through the owner's personal investment and a long-term note of $85,000 secured from the TD Canada Trust Bank. STI's target customers are health-conscious couples and individuals, with median household incomes of approximately $50,000. They are interested in popular adventure activities such as skiing, whitewater sports, and mountain biking. STI's most important target customers, however, will be married couples, ages 25-35, with children and household incomes over $50,000. STI's pricing strategy will be a major consideration. Much of it will be determined by market standards. STI will attempt to maintain margins of 10% on all airline travel. Margins on all other products and services vary depending upon the provider but are expected to average 20%. STI will make every effort to maintain a competitive pricing policy. However, as STI builds...
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...Bank Report Name: Nguyen Tran Bank 14 Business Bank Our primary goal obviously is to maximize shareholder’s wealth or in this case, to maximize our bank’s stock price. In addition, we also aim to compete with other business banks from all three cities (New York, Denver, Seattle) in terms of efficiency and profitability. We are looking at no less than the best business bank all around and we will give our best to achieve it. Quarter 0 As a business bank, our strategy is commercial-oriented which means we focus more on accepting deposits from and issuing loans to businesses/organizations rather than individuals. However, after looking at the balance sheet, we notice that Securities and Commercial loans are significantly higher than all other loans. We feel that is a bit risky and we would like to diversify our assets portfolio, which is to increase on other loans. Since Consumer loans and Home Equity loans yield the most return from the “Average Asset Yield” chart, we decided to lower Consumer loans rate from 11.01% to 9.01% and Home Equity loans rate from 8.65% to 8.01% to make more loans to the consumers’ market segment. In order to finance an increased demand on loans, we will need more deposits which should be achieved by increasing the Checking Deposits rate from 1.05% to 1.5%, Savings Deposits rate from 2.96% to 3.5%, 1 Year TDs rate from 5.16% to 5.45% and 6 Month CDs rate from 5.2% to 5.5%. Those are all the changes we would like to make for the first quarter as we...
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...marketing and sales, and production driven companies on the other hand, make their decisions based on technical superiority of products. Compared to the production driven companies who heavily invest in product development, market driven companies prefer to invest in creating the value of good branding, meaning that they mainly rely on the market forces rather than technical achievement. Market driven bank As one of the big five banks in Canada, TD bank terribly concerns the consequences to its clients in the long term from the services it provides. For example, along with the popularization of Internet, TD was aware of the market demand for online banking, and thus developed the first online banking system in Canada so called "Easyweb" in the 80s. The new technique was a light spot at that time, and greatly benefited the bank from attracting a large base of new clients. In the following years, TD bank continued to improve the Easyweb system based on market reaction and provide exceptional banking services to its clients. After 20 years endeavour, TD bank is now ranked the second largest bank in Canada, with the largest customer base. Logistics strategy A company's logistics strategy should be matching to its overall business strategy to take effect. A logistics design strategy, according to Rushton, "is concerned with ensuring that business methods are aligned and organized so that they operate across the traditional company functions and become supply chain oriented" (Rushton et...
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...factors the oligopolists have to consider; type of product, strategic behavior and mutual interdependence, entry barriers, merger’s, some of the shortcomings of this market structure as well as the potential for profits. As the definition of the term indicates, in order to be considered an oligopoly, there are to be only a small number of producers. More specifically, the structure calls for “a few large producers”.2 The textbook, Microeconomics by McConnell, Brue, Flynn and Barbiero goes on to indicate that any industry which uses the term Big Three, Big Four, etc. would be considered an oligopoly. The Canadian banking industry is well known by the “Big 5” banks: RBC (Royal Bank of Canada), TD (Toronto-Dominion Bank), Scotiabank (Bank of Nova Scotia), BMO (Bank of Montreal) and CIBC (Canadian Imperial Bank of Commerce). To further confirm the fact that the “Big 5” are indeed an oligopoly, combined, they account for more than 85 % of the banking industry in Canada.3 Let us now begin the analysis. Type of Product - Homogeneous Oligopoly Canada’s banking industry produces standardized products, therefore classifying the industry as a homogeneous oligopoly. The Encyclopedia of Business states that standardized products are developed when “the major firms produce identical products, such as steel bars or aluminum ingots.”4 The website goes on to state that prices tend to be uniform in...
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...currency Loan Cash Credit (Hypothecation) Small Shop Financing Scheme Overdraft Dutch-Bangla Bank offers a wide range of corporate banking services. They include: Project finance The Bank encourages accepting purpose/project specific development funds on competitive terms towards economic upliftment and well being of the people/country by way of setting up a new stand alone, capital intensive project or for BMRE of an existing project. Working Capital finance The bank considers lending short –term working capital finance to entities engaged in manufacturing, assembling, processing, re-packaging of goods and commodities for domestic consumption or export market. However, unsecured loans (not collateralized) for working capital without justification or purpose is not considered. Syndications & Structured finance The Bank, on case to case basis, arranges loan syndications or approves disclosed participations in syndications provided such transactions meet the parameters separately established.oThe bank will at all times maintain at the minimum a pari-passu status to other banks in all lending relationships. Second mortgages or lower are not be accepted as primary collateral. Trade finance DBBL prefers Trade Financing in the form of short-term (up to 12 months), self liquidating or cash flow supported well collateralized trade transactions*Work Order financeoThe Bank will consider financing construction contractors (work order finance). However all such transactions...
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...scandals since 2001, which leads to the credibility of corporate financial reports under suspicion, furthermore, shocking investors’ confidence. Consequently, corporate governance mechanism has been a crucial issue discussed again. Sarbanes-Oxley Act was enacted in 2002 to enhance corporate government mechanism which is viewed as the priority of financial revolution, in the expectation that governance mechanism may be reinforced, public confidence retrieved, accuracy and reliability of financial information assured. In Bangladesh a massive stock market meltdown hit the market in the middle of 2010. The DGEN Index was cut by two third and a lot of investor lost all of their money. Then very recently major financial institutions like Sonali Bank, Basic Bank etc. were caught in financial scam which again shook the confidence of the market to such industries. These events renewed and reinforced people’s interest in study of corporate governance and how it could have prevented such mishaps. Corporate governance describes the structure of rights and responsibilities among the parties that have a stake in a firm. System of corporate governance could be defined as a set of processes and structures used to direct a corporation's business. Once implemented, an effective corporate governance system can help to ensure an appropriate division of power among shareholders, the board of directors, and management. It is not just corporate management; it is something much broader which include a fair...
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...Determinants of profitability of Non Bank Financial Institutions’ in a developing country: Evidence from Bangladesh Md. Sogir Hossain Khandoker* Associate Professor, Department of Finance Jagannath University, Dhaka 1100; & Ph.D fellow, Department of Business Administration Assam University, Silchar, India E-mail: sogir.nu@gmail.com Cell: +88 01190 47 6187 Professor Dr. R. K. Raul Dean, Department of Business Administration Assam University, Silchar, India E-mail: rkraul@yahoo.com S. M. Galibur Rahman BBA, Department of Finance, Jagannath University, Dhaka 1100 E-mail: galibju@gmail.com *Corresponding author Determinants of profitability of Non Bank Financial Institutions’ in a developing country: Evidence from Bangladesh Abstract This project examines the determinants of the profitability of firms in the Non Banking Financial Institution (NBFIs) industry of Bangladesh. Financial Performance of a financial institution basically depends on its some key financial determinants. Specially operating efficiency is main influencing factor which is calculated through operating income. Besides it capital Structure composite of equity and liability, operating expense, total asset significantly affect the profitability of any NBFI company. In addition term deposit also affects the profitability though that is statistically not significant. Different Statistical techniques such as correlation matrix, multiple regressions have been used to determine the relationships between...
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