Bank of America is a multinational and financial services banking corporation headquartered in North Carolina. The bank is one of the largest bank holding companies in the United States by assets, and serves clients and consumers in more than 145 countries. Also of note, in 2008 the Bank of America (the Bank) acquired investment bank Merrill Lynch; one of the largest investment banks and wealth managers in the world. In March, 2013 the Bank stated it intended to buy back up to $5B in common shares
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of Connecticut after the unification of Insurance Company of North America (INA) and Connecticut General Life Insurance Company (CG). By expanding its services to customers in the United States and around the globe that provides medical, dental, disability, life and accident insurance, and related products, Cigna has become a global health service leader. Network Growth and Strategies In 2014, Cigna launched a new brand campaign,
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PERKEMBANGAN STANDAR AKUNTANSI KEUANGAN INDONESIA MENUJU INTERNATIONAL FINANCIAL REPORTING STANDARDS Rindu Rika Gamayuni ABSTRACT The Indonesian Financial Accounting Standards needs to adopt IFRS, so that the Indonesian financial reports can be accepted globally and the Indonesian companies are able to enter the global competition to attract the international investors. Currently, the adoption by Indonesian PSAK is in the form of harmonization, which means partial adoption. However, Indonesian
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PESTEL analysis – Political Factors • Increasing globalization, presents a challenge as well as an opportunity to Sainsbury's. The challenge will be to compete against unknown forces and to source the best quality/financially viable products from world over. Sainsbury's can enter the markets of emerging companies through joint ventures or partnerships to explore these new markets, although it does not have any plans on the horizon to do so. Development to the non-domestic market, means towards
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During the last twenty years, global financial conditions have been rapidly evolving in response to changes in economic thinking and situations. Therefore, in this time of tumultuous economy, there is much urgency for an individual who can make use of his or her dexterity to make an impact in the financial services industry, and thus, jumpstart the financial services sector out of its doldrums. I have aspirations of one day entering into a professional career with stability and being able to support
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Kerrie is a General Manager for a financial services company, which is facing a downturn in revenues due to a recession. Kerrie has agreed to a 15% reduction in her operating cost for her division. In part A Kerri uses a team based approach to address the cost reduction. It quickly becomes apparent to her that the majority of her management team were more concerned with how it would affect their departments and less concerned about the bigger picture. Karrie is aware of how it will affect
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FINANCIAL CRISIS OF OUR TIME WHAT HAS HAPPENED In September 2008, the Bankruptcy of Lehman Brothers and the collapse of AIG, following the demise of Bear Stern and the near collapse of Merrill Lynch triggered a financial crisis. The result was a global recession which cost the World tens of trillion of dollars, rendered 30million people unemployed and doubled the national debt of the U.S. But this crisis was not an accident. It was caused by an out of control calamitous financial industry. In
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Au-Yeung When people talk about China’s financial market, they naturally refer to the capital market such as stock trading, or the banking sector like personal savings or commercial lending. After all, this is the mainstream market, which is more visible to the outside world. There is a lesser known territory which already catches the attention of foreign investors over the past few years. It is the microfinance market. By definition, it is financial services for micro-entrepreneurs, small businesses
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Top 10 Insurance Companies in India Author: Administrator Saved From: http://www.knowledgebase-script.com/demo/article-994.html The insurance sector in India has undergone a number of phases since its inception in 1818. The insurance sector gained real momentum in the last decade when the Indian government allowed private insurance companies to furnish insurance products. Moreover, India welcomed foreign direct investment up to 26% in the insurance sector and since then it has been booming, capturing
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conduct of the major players at financial institutions and their role in leading their companies to the brink of failure, and in some cases have been successful (Bear Stearns, Lehman & AIG). With that as a starting point how important is character and ethics? What role(s) do you think boards of directors should play and did they exercise their fiduciary responsibilities to the shareholders and employees? Money is an important character in various financial institutions, but by itself is not
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