Barings Bank & the “Rogue Trader” Founded in 1762‚ Barings Bank (previously known as Baring Brothers & Co.) was the oldest merchant banking company in England. Barings collapsed on February 26‚ 1995 as the result of the activities of one of its traders‚ Nick Leeson‚ who lost $1.4 billion by investing in the Singapore International Monetary Exchange (SIMEX) with primarily derivative securities. This was actually the second time the bank had been faced with bankruptcy. Following the collapse‚ Barings
Premium Barings Bank Nick Leeson Rogue Trader
BRITISH BANKS: CRACKING THE OLIGOPOLY Student: Aruni Dileepa Wijeweera - 16639300 Student: Elie Gharib - 16443365 Student: Ying Sheng - 17903022 Lecturer: Dr. Neil Perry Economics 200425 Due Date: 18th November 2013 United Kingdom (UK) banking industry started in 1694 with the establishment of Bank of England‚ with the main purpose of funding the war against France. Throughout the years and with the expansion of the banking industry‚ many private banks invaded the
Premium Bank Oligopoly Supply and demand
confidence reposed in another person. The term credit thus means reposing trust of confidence in some body. Credit is purchasing power not derived from income but created by financial institution either as an offset to idle income held by deposition in the bank or as a need addition to the total amount purchasing. By credit we mean the power which one person has to induce another to put economic good at this disposal a time on promise or future payment. Credit is thus‚ an attributed of power the borrower
Premium Debt Interest Credit
BANK OF JAPAN’S MEETING IN MARCH 2006: AN END TO THE QUANTITATIVE EASING POLICY? Japan underwent a decade-long odyssey with deflation and the zero-bound problem. Economic activity in Japan slowed precipitously following the collapse of the socalled bubble economy in December 1989‚ and Japan began to experience deflation by early 1995. During this initial period‚ while the economy was slowing‚ forecasters and policymakers consistently underestimated the extent of Japan’s economic malaise. Consequently
Premium Central bank Monetary policy Inflation
CUSTOMER SUCCESS ICICI Bank Limited Boosting Datacenter Availability for Largest Private Bank in India with the Help of Symantec ICICI Bank Limited (ICICI Bank) is a trendsetter in the use of banking technology in India. Since 1999‚ ICICI Bank leverages comprehensive datacenter availability and data protection solutions from Symantec. Using Veritas Storage Foundation and Veritas Cluster Server‚ the bank is achieving 99.9 percent application availability and 99.99 percent uptime for its server infrastructure
Premium Backup Microsoft Bank
Bottle bank What happens to the bottle we throw into the bin? Everything starts with a bottle which is thrown into the bin or‚ to be more specific‚ into the bottle bank. Bottle bank is a special container‚ used for recycling many types of bottles‚ from plastic bottles to glass bottles. There are also bottle banks which are separated by colour of bottles like brown bottles‚ green bottles‚ clear bottles and so on. But what is recycling anyway? Recycling means turning materials from waste into something
Premium Recycling
WP/07/2 Cooperative Banks and Financial Stability Heiko Hesse and Martin Čihák © 2007 International Monetary Fund WP/07/2 IMF Working Paper Monetary and Capital Markets Department Cooperative Banks and Financial Stability Prepared by Heiko Hesse and Martin Čihák1 Authorized for distribution by Mark W. Swinburne January 2007 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and
Premium Bank
The Sustainability Issues Facing Banks Sustainability issues fall into three broad categories – economic (including customer)‚ social and environmental – but each has several subcategories. Barclays‚ for instance‚ commissioned reputational research via interviews‚ surveys and focus groups‚ testing messages on a range of sustainability issues The Economic Dimension The most important aspect of a bank’s sustainability program is managing the impact that its products‚ services and customer relationships
Premium Corporate social responsibility Business ethics Social responsibility
Introduction Macquarie Bank has been recognised as one of the most prestigious banks in Australia and around the world. Macquarie was established in Australia in 1969‚ it began operations in Sydney in January 1970 with only three staff. Macquarie Bank first opened its doors for business on 1 March 1985 with a retail branch in Sydney. Today‚ Macquarie Bank operates in a range of investment banking‚ commercial banking and selected retail financial services markets both in Australia and overseas
Premium Bank Financial services
Mel Lazo ISDS 7540 – Marketing Analytics Module Dr. Black 7 December 2012 Pilgrim Bank Case Analysis Introduction and Defining the Relationships The business analyst at Pilgrim Bank‚ Alan Green‚ was tasked with guiding the marketing team to a better understanding of customer profitability. With the help of his supervisor and the IT department‚ he has access to an extensive data set of over 30‚000 customers‚ both old and new. Included are continuous variables for Profit‚ Tenure‚ and Satisfaction
Premium Regression analysis Linear regression Errors and residuals in statistics