Citigroup

JP Morgan Chase faces many threats such as cyber threat, based on an article by fortune. The company is very concern about the growth of Bitcoin and Ethereum. Another threat the bank has faced is intense government regulations such as The Dodd Frank Wall Street Reform and Customer Protection Act, signed by President Obama, and is expected to greatly increase the fees all financial intuitions pay. JP Morgan Chase also faced regulation from The Federal Reserve Board when they established the…

wanted relief and created what was known as Troubled Asset Relief Program (TARP), however, it had not been passed by Congress. Washington Mutual a very large thrift in the United States failed and was sold to JP Morgan, and Wachovia was rescued by Citigroup and then Wells Fargo. The House rejected TARP in September 2008, which caused the Dow Jones Industrial Average to drop significantly in one day. The Senate quickly passed a bill during the first week of October, the House reconsidered its…

The financial crisis of 2007-2009, started with the United States housing market. The crisis damaged the economy so bad, that it not only caused a crisis in the US, but across the globe. Indicators of the emerging problems came in early 2007 when, first, the Federal Home Loan Mortgage Corporation (commonly known as Freddie Mac or Freddie) announced it would no longer purchase high-risk mortgages and, second, New Century Financial Corporation – a leading mortgage lender to riskier customers –…

“Alan Greenspan, the former chairman of the Federal Reserve, described the 2008 financial crash as a once-in-a-century event (socialeurope.eu).” Andrew Gamble, author of, The Aftermath of the Financial Crisis added, that “The financial crisis of 2007-2008 is easily recognized as one of the largest financial crises to have hit the international capitalist economy in the last hundred years (socialeurope.eu). Needless to say, the crisis was surely different from any other recent financial crises…

"half of life is showing up", my father always said that to me, when I was growing up it took me eight years but I finally understand what he had been trying to teach me, and that lesson changed me. After spending a month at Marist College, I have come to the conclusion that my father, Sean Coughlin has made a significant impact on both my life and helped make me the independent man that I am today. My father was the oldest of his 5 siblings, and was the first Coughlin to both attend and…

On Thursday the bank reported that they have better profits for the third quarter then the analysts were expecting. Citigroup was up two percent while Key-Corp went up by four percent. The shares in technology also rose in the beginning of trading. The Standard and Poor’s 500 indexes rose seven points, or 0.4 percent, to 2,001.While Dow Jones average went up by thirty points…

Big Data Introduction In approximately 2007, IBM (International Business Machines) researchers set out to create a computer system that could compete with humans on the popular television game show Jeopardy (Clive, 2010). Most search engines, like Bing or Google, generate a list of sources from a keywords search. The sources direct users to webpages that may or may not contain the information sought by the user. IBM researchers aimed to develop a question and answering system that could…

to the financial crisis, several failed banks such as Lehman Brothers and Bear Stearns employed unified Chairman and CEOs, a fact which has led to criticism of the unified role” (Sikes, Corporate Compliance Insights). Presently, only two banks, Citigroup and Bank of America continue to separate the roles while banks such as JP Morgan vote to stay unified to increase profits. Overall, the world leans towards separation because of fraud that is created in a unified…

Brexit: The United Kingdom parts with the European Union The European Union (EU) is a trading bloc consisting of 28 member states (Including the U.K) and is also the worlds largest free market, which ensures the free movement of people, goods, services and capital within it. On Thursday 23rd June 2016 a referendum took place to decide the future of the United Kingdom’s place within the EU. To the surprise of many people not just in the U.K but also across the world, the U.K decided to leave the…

still a democracy, as the majority of voters still have a say in what goes on in politics. Who are the types of people that would support this system? On the wealthy side, big donors tend to be corporations. Large companies like AT&T, Goldman Sacs, Citigroup, and J.P. Morgan Chase all give tens of millions of dollars each election cycle to both sides of the race. That’s not to say corporations are the only ones that play an active role, People like Robert Mercer, George Soros, and Toby…