Bank of England

Organization: J.P Morgan Chase Cyber security attack which involved J.P Morgan Chase bank is one of major attacks which took place recently. About two third of the bank’s customer details were stolen in this attack. The Bank officially announced that the data of 83 million customers was hacked out of which there were 76 million household and 7 million small business customers were involved. Key-points of the attack • The data comprises of the information of 83 million Customer details such as…

services that consist of non-depository banks. In a broad term, it can be utilized for non-bank financial intermediaries who provide services same as traditional commercial banks, but are affected in an activity outside the regular banking system. Shadow banking is commonly attributed to the economist McCulley (2007) who used the term shadow banking during his address at the annual financial conference conducted by the Kansas City Federal Reserve bank in Jackson Hole, Wyoming.He defined…

citizens had reached a near unbearable high, to lessen the pain on England, they began to tax the colonies.These taxes cause many hardships for the colonists and unintentionally planted the seeds for a revolution. The first of these notable taxes was the Sugar Act beginning in 1764 sugar, molasses, and many imports from outside of England were taxed. In 1733 an act called the Molasses act was passed, it was unsuccessful as England did little to enforce the law, causing many of the colonists to…

novel, The Creature from Jekyll Island, proposes a conspiracy between the United States government and the central bank of the United States, The Federal Reserve (the Fed). This alleged conspiracy dates back to the establishment of the Fed with the Federal Reserve Act of 1913. The basis of Griffin’s conspiracy is that rather than acting as an emergency line of credit for American banks and a regulator of the money supply, the Fed is a scheme for private bankers to profit off of the National…

electronic Banking (eBank), connects the consumers to the bank 's internet site through a browser as the means of conducting and managing various banking activities. It is noteworthy to mention that the banks are not restricted to exist exclusively online or to have a physical site; rather they can be any of the two or the combination of both. There are banks that have no physical sites, e.g. Telebank in Arlington, Virginia, while some banks like Bank of America, exist both online and also have…

Not so long ago doing everyday activities, such as banking, shopping, going to school, working, attending an auction, choosing colors of paint, buying furniture, and just about anything one can think of that used to be done by going places to do things can now be done on a computer in the comfort of one’s home. So what keeps more people from embracing e-commerce? Fear. Naturally, many have fear that their personal data is not secure and their identities will be hacked. They are afraid their…

In a conversation on the 6th of October with Ms Lloyd, she had informed me that the top investments banks may take on university graduates at an analyst level, however to become an associate or to progress further, a MBA can increase my chances of becoming employable (CISI, 2014a). This may cost in the range of £26,000-£57,000 (Lightfoot, 2013). Despite…

Wells Fargo is a multinational bank holding company that possesses the six characteristics of John Swales’ discourse community concept. It has a common public goal to satisfy its clients’ financial needs by providing various kinds of financial services to them. Their financial services ranging from consumer banking, corporate banking, auto lender, foreign currency exchange to investment banking and wealth management, are all available under one company. As a multinational corporation, it also…

In the book Money, Greed, and God, Jay W. Richards talks about many great concepts involved with economics and God. The four concepts I will be going over are, usury, The first concept that I will be going over is usury. Webster’s dictionary defines usury as, “the lending of money with an interest charge for its use; especially: the lending of money at exorbitant interest rates.” This concept has helped me view money in a different light due to the fact that I haven’t put a lot of thought into…

The purpose of the essay is to evaluate the leadership style of Mark Zuckerberg. In 2010, Mark Zuckerberg was termed as a person of the ‘year by TIME’. Mark Zuckerberg’s current net worth is $28.5 billion as per the records of Forbes, which makes him as one of the youngest billionaires in the world (Forbes.com. 2017). On the other hand, Zuckerberg et al. (2016) asserted that Mark Zuckerberg has also received various criticisms for cyber crime and profile hacking issues of its users. The essay…