directly referred to 50 times during the hearing: culture. There is a lot of it about. Culture was the “secret sauce” at Goldman Sachs, of which there is now “virtually no trace,” according to Greg Smith, a disgruntled former employee of the US investment bank. The “ingrained conventions of Japanese culture” were behind the crisis at the tsunami-hit Fukushima nuclear plant, says the man chairing the probe into the disaster. British pharmaceutical group GlaxoSmithKline has made “a culture of putting
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term “too big to fail” refers to the big banks deep rooted in the banking system such as Goldman Sachs or Lehman Brothers. The size of these entities is so big that should one of them bankrupt it would soon drive the whole system into bankruptcy. Here Simon Johnson advise us to reduce the size of big banks in order to limit the risks of another collapse of the world’s finance. This statement is strongly related to the notion of Moral Hazard, as the banks are too big to fail, they know that public
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summary highlights of weekly M&A activity and top deal trends. Visit {NI LEAG CRL } to download copies of the final release and a full range of market specific league table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/. Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service. DATA SUBMISSIONS AND QUERIES
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provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland. The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank's 1998 merger with Swiss Bank Corporation.[3] The company traces its origins to 1856, when the earliest of its predecessor banks was founded. UBS is the biggest bank in Switzerland
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corporate financial management in crisis situations and the interplay with investment banks in finding the best solutions in the capital markets to deal with fundamental financial issues. The case “The Union Carbide Deal” highlights three phases of the company’s financial situation. The first phase includes the Bhopal plan disaster and GAF takeover attempt. The second phase is the debt burden, and the final phase is the bank financing and equity. In discussing the first phase, the Bhopal accident
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Griffin and Jeffrey Vögeli (Bloomberg) -- Deutsche Bank AG co-Chief Executive Officer John Cryan is losing market share in businesses he wants to expand, highlighting the risks he faces in scaling back costly debt trading. The German lender lost ground to competitors in the trading of stocks and in advising on mergers and acquisitions in the U.S. and Europe, both businesses that Cryan, 55, has singled out as core to the investment bank. Deutsche Bank’s equity- derivatives unit, which trades
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Management Course : Investment banking analyst a) Method used to conduct the job analysis of an investment banker : Personal Interview and Internet b) Interview of a person who is an investment banker: i) Name of the person: Mr Lisantu Kundu Organisation : UBS investment bank ii) Interview: Me: What is the Job description of an investment banker? Mr Kundu: investment bankers provide
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My career aspiration is to be an investment banker specializing in Investment Banking . In general, this track entails working with the Marketing and Communications group at an investment bank and leveraging my marketing and writing skills to provide “central marketing support to growth businesses.”( ). To that end , I have chosen to major in Marketing which is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services
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F&C Y3 Q4 1213 CASE 1 Royal Bank of Scotland and Libor The wrong stuff A widening scandal threatens to suck in more banks, and ruin more careers Feb 9th 2013 |From the print edition The Economist THEY were said to be among the most talented of their generation, recruited after exhaustive interviews and gruelling internships. They worked at firms prepared to spend small fortunes to attract and retain them lest they take their skills elsewhere. Yet the moral bankruptcy of traders implicated in the
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Investment Banking Ethical Behavior Would you entrust your money to someone you thought was unethical? Would you risk heavy fines and possible jail time for skimming funds from a client? People who work in finance are placed in a fiduciary position of trust; first, by their employers, but more importantly, by members of the general public, over whose assets they are given control. Their daily business is directly working with other people's money, or doing other things that affect the public's
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