...measured by Debt Loan Types and Bank Profitability. Key words: Glass-Steagall Act, Financial Institutions Deregulation and Reform Act, Dodd-Frank Act, investment bank, financial statements. II. Table of Content I. Cover Page1 II. Table of Content2 Abstract, key works2 III. Introduction3 IV. Statement of Problem5 V. Background12 V. Results from Research & Summary13 VI. Works Cited 14 III. Introduction United Sates financial reform dates from the last century, in 1930s’ Great Depression. To have a brief talk about US financial reform, which is a long and arduous project. Aim to reach the goal that has to include three important acts: Glass-Steagall Act, Gramm-Leach-Bliley Act, and Dodd-Frank Act. Throughout history, the financial system in US has experienced the mixed operation and separated operation processes, as well as various financial institutions and regulatory authorities continue to be perfected. US financial reform and innovation continue to promote the US economy continues to develop and progress. Next, I will briefly introduce each act in the basic level, and I will explain their historic background in Section V: * "Glass - Steagall Act" – separate the traditional banking and investment banking Before the 1930s, the US financial system was basically unregulated. Free competition is the prevailing view. At this point, the United States implemented a mixed operation system. Because the great depression had a serious impact on US...
Words: 2861 - Pages: 12
...Analysis Behavior Organizations Assessing total job satisfaction of tellers at U.S Bank. TABLE OF CONTENTS Executive Summary 2 Overview/Purpose 2 Data Collection 2 Results Recommendations 3 Overview of Topic 4 Planning Process 6 Timeline 6 Company Background 7 Data Collection 8 Appendix 10 Section 1: Executive Summary Executive Summary Overview/Purpose Our task was to conduct an Organizational Analysis of an organization of our choice. It was the group’s decision to work with U.S Bank. We served as consultants for U.S Bank, determining organizational issues in which we would provide recommendations on how to improve and eliminate those issues. Before entering the company, we determined objectives that we wanted to meet: Objectives * Assess employees’ total job satisfaction, specifically focusing on career advancement * Survey employees on the advantages and disadvantages of their current position * Examine team synergy and cohesiveness in order to determine overall happiness in the workplace Data Collection and Analysis Next, we determined our data collection methods. The most effective way to gather data was to choose a specific group of employees to collect data from and create a survey. Our experimental group consisted of all of the tellers at a specific U.S Bank location (there were a total of six tellers). Based on the survey results we interviewed tellers that indicated issues...
Words: 2871 - Pages: 12
...of consumers will be profitable: Obtaining the required governmental approvals. Securing financing. Experienced management. Marketing; either dealing with channel problems and barriers to entry; or solving problems with major advertising and promotion budgets. Targeted market share must be achieved even amidst expected competition. Product quality. Always with safety foremost. Services delivered on time, costs controlled, marketing budgets managed. Rapid growth will be accompanied with high maintenance standards both strict and measurable. Cost control. The over-all cost per ASK (available seat kilometers) is pegged at 6.73 Us Cents or less. This ASK factor places Pegasus Asia Airlines in a grouping of the top lowest in the airline industry within the low cost carriers. (Air Astana, the dominate carrier in Kazakhstan market, averages 9.3 US Cents per ASK by comparison). Additional important, though less critical, keys to assuring the airline's success include the following: Identifying, negotiating, and entering into, in the pre-operational stage and early on, beneficial associations, cooperation, and partnerships with larger, more established, highly regarded stakeholders both within and beyond the target market region to outsource all facilities and requirements beyond core business area which is to carry passengers from A to B. Successful execution of this element of the business plan is crucial to the overall success and growth of the airline, and must be kept in...
Words: 2597 - Pages: 11
...court approval to combine with US Airways which will be the world’s biggest airline. This whole transaction is consider to be a merger because both Airline companies are agreeing to pool their operations and create a new entity. There are no indications that neither of these two companies are buying each other, they are just going to operate under one same management. This merging deal would be beneficial for both companies because of many reasons such as: lower cost structure, business experience, reduced rivalry and increased bargaining power over suppliers and buyers. Lower cost structure: by pooling such a two huge airline companies, US Airways and American Airlines can reach economies of scale and be more efficient with lowering their cost structure. Business experience: both of these companies have been operating for a long period of time. Few years ago, American Airlines filed for Chapter 11 bankruptcy which resulted in cutting back labor and other cost. This specific economic circumstance can be beneficial learning curve and can lead to a better business practice in the future. Reduced rivalry: after this merger is official in fall of this year, American Airlines and US Airways are going to be the biggest airline company. They don’t have to compete with one another and cash proceeds are going to go to only one bank account instead of two. Increased bargaining power over suppliers and buyers: American Airlines and US Airways combined size will give...
Words: 351 - Pages: 2
...PIEDMONT AIRLINES EMPLOYMENT APPLICATION | | |PERSONAL INFORMATION | |LAST NAME FIRST NAME |ALIAS OR NICKNAME |SOCIAL SECURITY NUMBER | |MIDDLE INITIAL | |224-71-6419 | |Boswell William D | | | |RESIDENT ADDRESS CITY STATE |PRIMARY PHONE |ALTERNATE PHONE | |ZIP CODE | | | | |720-271-6464 | | |9601 Alfaree Road Richmond VA 23237 ...
Words: 3232 - Pages: 13
...Choose one of the following three industries (NOT specific companies) for analysis: . Airlines (carriers) . Automobiles . Personal computers. RATE (not Rank) the global importance of each of Porter’s five industry forces on a scale of 1 to 5 (1 = Low, 5 = High), and provide at least two reasons for each rating. In addition, list at least three industries that complement the industry you choose. (30 points) Airlines Industry 1. Oil Service Industry- Fuel airplanes, and shuttle-bus. 2. Banking Industry- Some airline have their own credit union and others rely on banks for reward sky miles. 3. Insurance Industry- Employee insurance. Rate 4 Threats of New Entrants. At first glance, you might think that the airline industry is pretty tough to break into, but don't be fooled. You'll need to look at whether there are substantial costs to access bank loans and credit. If borrowing is cheap, then the likelihood of more airliners entering the industry is higher. The more new airlines that enter the market, the more saturated it becomes for everyone. Brand name recognition and frequent fliers point also play a role in the airline industry. An airline with a strong brand name and incentives can often lure a customer even if its prices are higher (Investopedia, 2012). Rate 4 Powers of Suppliers. The airline supply business is mainly dominated by Boeing and Airbus. For this reason, there isn't a lot of cutthroat competition among suppliers....
Words: 1005 - Pages: 5
...Haji-Ioannou a Greek Cypriot as part of EasyGroup Holdings Ltd. He envisaged it as a low cost airline which could impact on the existing domestic market in the UK which was at the time dominated by large British companies such as British Airways and British Midland. The Company started with two leased airplanes and began operating from London Luton to Glasgow and Edinburgh In 1996 they began operating from Luton to Amsterdam and now in 2014, operate on 633 routes across more than 30 countries and own 217 Airbus aircraft. They employ over 8,000 people including 2,000 pilots and 4,500+ cabin crew and in 2013 they flew over 60 million passengers They now claim that “over 300 million people within a one hour drive of an EasyJet airport” (Easyjet About Us 2013) The obvious move for the airline for further growth may now be outside of Europe and India may be the best market to consider. PESTLE Analysis Political/Legal Up to April 1997 the European Airline Market was regulated strictly and each county controlled their own airline companies. After 1997 and deregulation the European market opened up for carriers and subsequently for example an Irish low cost carrier like Ryan Air was allowed to operate between two other European countries. Since then European routes have increased by140% ( Ingdahl W. “Flying has never been safer” Spiked 19 03 2014) This was followed by the EU/USA Open Skies Agreement allowing any airline of either the USA or a European Union country to fly freely between their...
Words: 4011 - Pages: 17
...Business Case Study: American Airlines 1. Perform a five-forces analysis of the US airline industry focusing on entry barriers and pricing rivalry Threat of new entrants: Though it might appear to be hard to get into, entry into the airline industry depends on whether there are substantial costs to access banks and credit. If borrowing rates are cheap, then there is more of a likelihood that new competitors will enter and the more saturated it will become for all competitors. However, an airline with a strong name brand like US Airways, combined with the offer of incentives, can lure customers away from new entrants, even in prices are higher. Power of Suppliers: In the airline supply industry, there is a duopoly between Boeing and Airbus. Because of this, there is not much cutthroat competition between the two. Moreover, suppliers will not likely vertically integrate in order to start offering flight service in addition to building planes. Power of Buyers: The bargaining power of buyers in the airline industry is very low. There are high costs for the buyer if he wishes to switch airplanes. Secondly, the service between airlines is practically identical. The seats won’t be any more comfortable nor will the food be any better. Threat of Substitutes: For those who need to travel internationally for business or leisure, the threat of substitution is low. For regional travel however, one might opt out to take a train or simply drive. For those that need to conduct business...
Words: 866 - Pages: 4
...bleeding money that filing for Bankruptcy was the only option. During the reorganization and bankruptcy American’s priories were not put in the right place. They unveiled a new paint scheme for their aircraft instead of focusing on getting the merger with US-Airways completed. Moving forward with the merger Americans weakness is their top level management priorities, aging fleet and non-committed employees. If you company is losing money then you need to go back to the basics do those right first then, and only then can you think about changing thing around or trying new and exciting new paint schemes or booking systems. The management needs to take care of the fleet and employees first before even thinking about customers. Without happy employees or safe aircraft you cannot run an airline productively. Also over the last six months sequestration is causing a lot of backups in the ATC system. America’s main hub in Chicago has felt quite a lot of this with capacity and efficiency down due to lack of ATC staffing. Americans strengths exist in the largeness of its fleet and especially after a merge with USAir “ Rick Seaney, CEO of FareCompare, fears that airlines are becoming ‘too big to fail’ such as the auto industry and banks. The domestic airline industry in the United States is becoming an oligopoly.” (Ecem) This is a great opportunity for American Airlines but maybe not for the general public trying to get a good deal. If they are “too big to fail” they will be able to charge...
Words: 1053 - Pages: 5
...industry. U.S. AIRLINES The airlines are classified in many ways. It can be classified based on their size, revenue, and what they transport. The most common classifications are major passenger airlines, low-cost carriers, airfreight, and regional or commuter carriers. As of December 2014, there were 18 major carriers, which defined by the United States Department of Transportation as an airline that posts more than $1 billion in revenue during a fiscal year. Eleven of which are mainline passenger airlines, four are freight carriers, and three regional airlines. The mainline passenger airlines are Alaska Airlines, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue, Southwest Airlines, United Airlines, US Airways (subsidiary of American Airlines Group), and Virgin America. The four freight carriers are Atlas Air, FedEx Express, Kalitta Air, and UPS Airlines. The three regional airlines are Envoy Air (subsidiary of American Airlines Group), ExpressJet (subsidiary of SkyWest, Inc.), and...
Words: 2244 - Pages: 9
...Flights of Lufthansa, SAS, British Airways, CityJet, Iberia, Flybe, Norwegian, Turkish Airlines, Aer Arann, Air Baltic, Adria Airways, Air Canada rouge, Air Southwest, Air Transat, Blue Air, Germanwings, Luxair, Cimber Sterling, Swiss, and WestJet are performed from Terminal 1. Terminal 2 Terminal 2 is primarily served by Aer Lingus. The US pre-clearance immigration facilities are located in Terminal 2. American Airlines, Delta Air Lines, Emirates, Etihad Airways, United Airlines, and US Airways serve this terminal. Airport Lounges Airport lounges are located in both terminals of Dublin Airport. They offer a relaxing atmosphere and silent places to work. Passengers can buy a day access to the lounges at the door. Executive lounges offer a 3-hour access for only 19.95 Euros. Airport Lounge Locations 51st & Green - The US Preclearance Lounge (after US Preclearance, near the US departure gates) Executive Lounge (Terminal 1, level 2, between the security check areas) Executive Lounge (Terminal 2, airside, adjacent to the 400 gates) Airport Services & Facilities Internet Access Free Wi-Fi is available throughout the airport. Passengers can also use the services of the Internet kiosk located before the...
Words: 1288 - Pages: 6
...Capstone: Strategic Management May 13th, 2008 Robert Gibson – Scott McDaniels – Jonah Nelson – David Stark Table of Contents: Strategic Profile 3 * Company Introduction Situational Analysis 4-15 * External * PEST Analysis * Porter’s 5 Forces * Bargaining Power of Suppliers * Bargaining Power of Buyers * Threat of New Entrants * Threat of Substitutes * Competitive Rivalry between Existing Players * Competitor Landscape * Alaska Airlines * Southwest Airlines * United Airlines * Air Canada * Key Success Factors * Internal 16-23 * Resources * Tangible * Intangible * Value Chain Analysis * Primary Activities * Secondary Activities * Capabilities * VRIN Testing * Core Competencies SWOT Analysis 24-25 * Strengths * Weaknesses * Opportunities * Threats Strategy Formulation 26-28 * Strategic Alternatives * Alternative Evaluation * Alternative Choice Strategic Alternative Implementation 29-31 * Action Items * Action Plan References 32 Strategic Profile: Company Introduction Alaska Air Group is made up of two principle subsidiaries Alaska Airlines and...
Words: 11505 - Pages: 47
...Management Accounting 1 Kingfisher Airline Revival Plan Group 8 CONTENTS 1) Introduction | 3-4 | 2) Decision Analysis * Buy or lease decision * Aircraft configuration decision * Pricing decision | 4-7 | 3) Cost AnalysisVariable cost * Commission expense * Fuel cost * Employee costFixed cost * Aircraft leasing cost and depreciation * Landing and navigation cost * Interest expense | 7-9 | 4) Other Recommendation * Transform into low fixed cost structure * Lowering the currency related cost * Practice divisional profitability analysis * Join alliance * Practice grid routing system | 9-12 | 5) Reference | 13-15 | 6) Appendix * Estimation used by the relevant cost analysis * Estimation used by the sales mix analysis * Forecast Operation | 16-17 | 1. Introduction We are going to investigate Kingfisher Airlines (KFA) for in-depth analysis, which would integrate management accounting topics with cost behavior, sales mix, buy or lease decision and pricing decision making. Kingfisher Airlines was an Indian full-service airline established in 2003{1}. It started commercial operations, involving domestic and international flights, on 9 May 2005. On one hand, it was nominated by Skytrax as a world 5-Star Airline for the 2010 ranking period because of its excellent product and service quality{2}. On the other hand, Kingfisher Airlines had not made profit since starting operations in 2005, so it tried to...
Words: 4567 - Pages: 19
...growth in the country recently could hurt the tourism market from China. The customers of Hawaiian are not all identical which makes it critical that the airline’s business is not dependent upon a single or few customers and the loss of any one customer would not have a huge effect on Hawaiian’s business. Cost Structure – The greatest and most important cost for Hawaiian is the cost of airline fuel. Operations are significantly affected by the availability and price of jet fuel. The lower the fuel, the better for the airline as it is more cost effective, however, because of the binding hedging contracts that the company has to protect itself against low fuel prices, costs will not be cut as much as assumed. Recently, the appreciation of the US dollar, and extremely low oil prices (fuel prices) have cut costs for Hawaiian and other airlines nationwide, and in 2014 Hawaiian consumed more gallons of fuel than in 2013 or 2012 and still maintained lower fuel costs in both years. These low fuel costs help the airline create new flight routes with more airliners while still maintaining low fuel costs which helps the airline become more profitable. Rent expense decreased in 2014 as 3 leases of aircrafts ended in 2013, and although the company is adding 6 new planes later in 2019, they are being swapped for 6 current planes so the rent expense will not increase....
Words: 2314 - Pages: 10
...………….........................................4 Figure 3: One World airline members ……………………......................................5 Figure 4: SkyTeam airline members ……………………........................................6 Figure 5: Star Alliance Statistics…………………………………………….……..7 Figure 6: Market Share of the Alliances…................................................................8 1 Introduction The airline industry is classified in the third economic sector the same as services because that is what is about. Airlines perform their services according to the customers’ need, transporting them and their belongings from one point to another point for a defined price. For this reason, the airline business is similar to the services of the bank, restaurant, consulting, insurance companies, etc. The service is intangible; there is no physical product for the price paid by the customer however this service is stored in a...
Words: 3538 - Pages: 15
