European Financial Services Roundtable

assurance, technology and security risk, enterprise risk management, transaction support, merger, and acquisition, actuarial and real estate advisory services as well as many other services. The company the company in the scandal was Weatherford International is one of the biggest multinational oil and natural gas service companies. It provides varies services and products such as for drilling, evaluation, completion, production and intervention of oil and natural gas wells. The scandal on…

1. What are municipal bonds? Describe two different types of municipal bonds. The two most common types of municipal bonds are the following: General obligation bonds are issued by states, cities or counties and not secured by any assets. Instead, general obligation are backed by the “full faith and credit” of the issuer, which has the power to tax residents to pay bondholders. 2. What is asset allocation? Why is this used? This is a technique used to spread your investment dollars across…

Wells Fargo is an American international banking as well as a service holding company whose headquarters are in San Francisco, California. The economy of California had boomed following the discovery of gold at Sutter’s mill in the year 1849m, an attribute that lead to a huge demand for shipping. Henry Wells and William Fargo joined other investors to create Wells Fargo and company that were meant to serve and profit following this demand. In July 1852, the company had started the transportation…

company-wide sales process when analyzing the email, online content, and phone systems. Bankers Life & Casualty is an insurance company subsidiary division of CNO Financial. The mission statement for CNO Financial states their goal is for “Providing financial security for the life, health, and retirement needs of Middle America” (CNO Financial Group, n.d.). However, Bankers Life offers a broad selection of life and health insurance products designed especially for Americans who are near or in…

one of the major banks that provide various financial services to customers both in and out of the United States. It is also an organization that satisfies Swales’ (2010, pp. 466-479) six criteria for discourse community from various aspects. Wells Fargo shapes its company culture to two major criteria, they are the culture of caring and the culture of “One Wells Fargo” (Wells Fargo, n.d.). It embeds its culture into its daily operation and customer service. Its beliefs and practices are the…

During the year 2008, US faced its most severe financial crisis since the Great Depression. The federal funds rate, and interest rates in general, were at historic lows, unemployment shot up, decline in savings, U.S subprime markets or loans granted to individuals with poor credit histories, helped the US economic system crash. (Battilossi 14) The extremely low mortgage rates were really important, because they motivated people to rush to buy real estate. Even people who ordinarily would never…

institution can voice their opinion and together they can attempt to come to a combined proposal to benefit and secure the industry. That is where it all must start. From there, we can hope that source code will be addressed for its major role in the financial industry and followed up with a detailed description of the roles it can be defined with, for regulation purposes. Only after a discussion of source code can regulation of FinTech begin. Regulators seem to just be content with focusing on…

Anonymity The prospect of near-complete anonymity in financial transactions has been a much-lauded feature of the Bitcoin. This praise typically originates from those who support anti-government, and libertarian views of the financial system and Internet commerce. Those with more moderate views see that utility exists in a financial system that provides a level of anonymity for those operating within it, but it is understood that the funding of undesirable behaviors must be limited and some…

The year 2008 was hallmarked by a main financial-crisis particularly in United States. The recession witnessed therefrom was the highest since the 2nd world war. This had consequential effect since this financial crisis in U.S spread to other countries which led to detrimental impact to other countries economic system. A detailed analysis showcase that the financial crisis actually commenced in the year 2006, particularly, when the subprime-market for mortgage in United States commenced to…

CHAPTER ONE INTRODUCTION 1.1 Introduction Banking and Financial Institutional Act 1989 (BAFIA 1989) define the bank as a person which carries on banking business. A bank is a financial intermediary which accepts deposits and channels those deposits into lending activities. The lending activities can be carried out either directly or through capital markets. Bank act as payment agents by conducting and checking current accounts for customers, paying cheques drawn by customers on the bank, and…