Citigroup and Subprime Lending Unit 7 Case Study Pg 714 -716 1. Are there moral concerns associated with subprime lending? Are those moral concerns based on utilitarianism‚ rights‚ or justice considerations? Before we discuss the first question let’s get a working description of what subprime leaning is. A subprime lender is financial entity that has an inclination to lend to consumers that are not qualified for traditional loans due to their poor credit status and history of repayment
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STRATEGIC ACTIVISM AND NONMARKET STRATEGY David P. Baron and Daniel Diermeier Stanford University and Northwestern University ABSTRACT Activist NGOs have increasingly foregone public politics and turned to private politics to force change in the practices of firms and industries. This paper focuses on private politics‚ activist strategies‚ and nonmarket strategies of targets. A formal theory of an encounter between an activist organization and a target is presented to examine strategies
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In year 2007‚ United States witnessed the Subprime Mortgage Crisis‚ which was known as the “Mortgage meltdown”. It triggered a national financial crisis‚ which led to a tremendous decline is the housing market‚ rise in foreclosures and the collapse of some leading banks. This essay will look into the various causes of the subprime crisis as well as the parties who are responsible for this economic tragedy. Years prior to the crisis‚ United States had large inflow of foreign funds. In 2001 to 2003
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S. subprime mortgage crisis was a set of events and conditions that led to a financial crisis and subsequent recession that began in 2008. It was characterized by a rise in subprime mortgage delinquencies and foreclosures‚ and the resulting decline of securities backed by said mortgages. Several major financial institutions collapsed in September 2008‚ with significant disruption in the flow of credit to businesses and consumers and the onset of a severe global recession. There were many causes
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are required to critically examine the validity of this view and determine how the two banks could justify their multi-billion dollar annual investments in IT. It is also necessary to critically analyse the IT investment strategies of HSBS and Citigroup. Finally the authors will analyse how companies should go about assessing the value of their IT investments and determine in their opinion‚ which of the two banks in clever in its IT investment. Carr (2003) stated that as information technology
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http://en.wikipedia.org/wiki/Subprime_mortgage_crisis http://zh.wikipedia.org/zh-hk/%E6%AC%A1%E8%B2%B8%E5%8D%B1%E6%A9%9F Subprime mortgage crisis The subprime mortgage crisis is an ongoing real estate crisis and financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States‚ with major adverse consequences for banks and financial markets around the globe. The crisis‚ which has its roots in the closing years of the 20th
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Brian Endo Kyle Fitzgerald Deepshekhar Gupta Financials Research Group Report Citigroup Inc. (NYSE: C) Recommendation Rating: OUTPERFORM Table of Contents Citigroup Company Overview………………………………...….2 History of Citigroup……….…………………………………...…2 Citi’s Management………………………………………………..3 Citi’s Products & Services………..……………………………....4 Citi’s Supply Chain Management and Distribution………………5 SWOT Analysis of Citigroup……………………………………..6 Analysis of Competitive Landscape and Industry Public Company Comparables……………………………
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The Baron and His Baroness Before he left for a visit to his outlying districts‚ the jealous Baron warned his pretty wife‚ “Don’t leave the castle while I am gone‚ or I will punish you severely when I return!” But as the hours passed‚ the young Baroness grew lonely‚ and despite her husband’s warning decided to visit her lover who lived in the countryside nearby. The castle was located on an island in a wide‚ fast-flowing river‚ with a drawbridge linking the island to land at the narrowest point
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Subprime Mortgage Crisis The subprime mortgage crisis is a financial and real estate crisis that has been going on in the United States between the years 2007 and 2010. It began because of a drastic increase in mortgage delinquencies‚ foreclosures‚ failures in credit default swaps‚ saturation of the debt and real estate markets and reverse trading. All these parameters had an adverse effect on the financial markets and banks all over the world. In recent times‚ The United States witnessed a rise
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Subprime crisis Introduction The subprime crisis is one of the biggest disasters of the financial system. It originated in the US subprime mortgage market in 2006 and within a year it engulfed the financial sector of USA along with numerous mature economies. The weaker income groups comprising the Afro-Americans and the Hispanics suffered home losses. It is projected that the number of subprime foreclosures will reach 2 million‚ if measures are not taken to resolve the crisis
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