Citigroup

Executive summary The assignment discusses corporate governance in reference to the Libor scandal. The Libor scandal included most of the biggest banks in the world at the lack of good corporate governance. The scandal revealed the flaws and corruption in the banking system, this has left thousands of people questioning if whether the banking system can be trusted? Introduction Discussed in this assignment in great detail below…

Consumer spending patterns have been very volatile throughout history, which reflects the many ups and downs in the economy of the United States of America since the 18th century. After World War I and then again after World War II, there was a great culture shock where many goods once considered luxuries became necessities of the American people. The economy was booming again and providing US citizens with potentially unlimited opportunity. The United States of America has the fundamental root…

Introduction Nortel Network Corporation was a huge Canadian player in telecommunication. It was a part of the telecommunication boom in the 1990's. Like many companies it had a great rise then suddenly it started to fall. There was four huge reasons for the company downfall: governance structure at the board level, executive compensation, ownership structure, and earnings management. (Collins, 2012) The company may have started with some good Samaritans but as it grew more and more the company…

Types of data breaches Safeguarding and securing information is an important aspect of business that allows for preventing and minimizing risks. With data breach or incidents in which information is compromised, both businesses and consumers are greatly impacted, due to adverse consequences that may follow. The globalization of today’s economy is dependent upon electronic access via the internet, email, and “other components of “cyberspace,” including the global consumer credit card payment…

1. Setting the scene: social purpose as business driver During the last decades the social purpose of business has gained a prominent role in profit and accumulation strategies worldwide. Corporations invest more money and human resources in the development of social strategies as a key element for economic success. Between 2004 and 2013 the corporate social responsibility investments of the 261 world leading companies increased from US$7,6 billion to US$25 billion, roughly a growth of 328%…

securities to protect their customers. The following year, the Commodity Futures Modernization Act freed credit default swaps and other derivatives from regulations. Due to this act, by 2008, many major banks, such as JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs, became too big to fail. The combination of both real estate and insurance was very profitable. As the demand for these derivatives grew, so did the banks' demand for more and more mortgages to back the…

The Fourth EU Money Laundering Directive (4MLD) was adopted on the 20th May 2015 with member states having until June 2017 to incorporate the requirements in to their local legislation. The purpose of the third Directive was to consolidate the first two Directives and bring the European legislation up to date with the Forty Recommendations made by the Financial Action Task Force on money laundering (FATF). The 4MLD serves the purpose to enhance and strengthen the existing money laundering…

Bernie Sanders is an Independent/Democratic senator from Vermont. He has been touted as a leading progressive and is currently running for the Democratic nomination in the 2016 Presidential Race. Senator Sanders is a self-promoted “Democratic Socialist”, and has a large growing grassroots movement following his principles. His left-wing views on topics such as wealth inequality, abortion, drug policy, education, environmental issues, gun control, health care, immigration reform, LGBT rights,…

Great leadership is the driving force to many successful organizations in today’s society. Gone are the days where being a leader means having employees who follow aimlessly without contributing to the overall goals of the company. Nowadays, in order to become an effective and successful leader it is essential to establish your role, know your purpose and recognize the importance that diversity brings to your organization; and commit to serving the needs of all people (employees, business…

The Great Recession began in December of 2007 and continued through 2010. This all began with the bursting of the housing bubble. The resulting loss of wealth led to sharp cutbacks in consumer spending. This loss of consumption, along with the financial market chaos triggered by the bursting of the bubble, also led to a collapse in business investments. As consumer spending and business investments dried up, massive job loss followed. In 2008 and 2009, the U.S. labor market lost millions of…