Abstract The paper compares Citizens BankingCorporation to its industry group, Regional Midwest Banks. This comparison focuses on determining the success of Citizen in carrying out its financial strategies. Finally,the writer discusses the Citizens strategies for the future and argues whether or not they are appropriate within the market to ensure growth and productivity.
From the Paper "The key strategy on which Citizens seems to be concentrating, however, is expansion of its banking activities through a highly focused sales effort, product expansion, and a company-wide philosophy of "Client First" (SEC, 1999). The sales effort ties into the client first philosophy in that it is geared toward building relationships. Cross selling of everything from traditional banking services to newer, non-traditional financial services is the key to the success of this retail sales effort. The expanded product line includes investment advising, brokerage services, lease financing, life insurance, title insurance and mortgage origination. Finally, Citizens made a substantial investment in new technology giving customers access to full internet banking services. (Citizens Bank, 2000)."
Abstract This paper discusses in detail the role that motivation and personality play in influencing consumer behavior, taking the case of the Hong Kong and Shanghai BankingCorporation (HSBC) as an example to discuss and analyze these important points. In this paper, an analysis of the print ads of HSBC is analyzed, relating its features to identify its target market and perceived motivations and personalities of HSBC's target market. This study aims to provide an illustration of how motivation and personality analysis of consumers are vital to the understanding of consumer markets and behavior.
From the Paper "The terms motivation and personality may seem familiar for people, but its significance to consumer behavior is less known, yet increasingly essential in identifying, determining, and understanding insights regarding consumption patterns and preferences. Personality is defined by Sheth et. al. (1999) as ?[a] person's consistent ways [sic] of responding to the environment in which he or she lives? (G-11). Personality, he states, is created through the combining of external influences or the social environment and genetic or biological traits of the individual. The combination of social with the individual results to the creation or development customer personality; consumer personality may be product- or service-oriented, or both (243). Product-oriented consumers tend to patronize a product or service based on the merchandise itself, while service-oriented consumers tend to "seek relationships" with the seller, producer of the service or manufacturer of the product."
Abstract The paper discusses the effectiveness of corporate governance in banking and financial systems in Malawi, an African developing economy. The paper begins with a discussion on the history of Malawi combined with a short explanation of its economy and past laws affecting the banking industry. The banking industry in Malawi is then critiqued along with a general discussion of the manner in which banks operate and affect a country's economy. Next, the paper analyzes the larger financial institutions such as the World Bank and the International Monetary Fund in the context of Malawi's economy. In addition, the available literature on the topic is outlined, broken down into different sections. Furthermore, the paper assesses the effectiveness of corporate governance in Malawi's financial sector and proposes a study for future work. Finally, predicted results of the study are outlined, and well as recommendations for implementing and establishing better guidelines for corporate governance in Malawi's financial services and banking industry.
Outline:
Proposal
Introduction:
Corporate Governance in Malawi
Proposal Conclusion
An Overview of the Role of Commercial Banks Malawi's Financial Services & Banking System
Literature Review
Public Sector Management
Public Policy Formulation
Decentralization
Corporate Governance
Purpose of the Study & Methodology
Proposed Study Methodology
Conclusion
From the Paper "The effectiveness of corporate governance in Malawi's commercial banks is an important issue given the essential role banks play in the financial systems of developing economies and the widespread banking reforms that these economies have implemented. Although the subject of corporate governance in developing economies has recently received a lot of attention in the literature, the effectiveness of corporate governance of banks in Malawi has been almost ignored by researchers. In developed economies, the corporate governance of banks has only recently been discussed in the literature. In order to address this research deficiency, this paper discusses some of the key concepts and issues for the corporate governance of banks in Malawi that can be applied to other developing economies. In many developing economies, the issue of bank corporate governance is complicated by extensive political intervention in the operation of the banking system. Malawi is a low income country where economic development is a priority for a future stable economy. Economic development consists of capacity building, good governance and economic reform. Acquired skills cannot be utilized fully and institutions cannot operate efficiently without good governance; similarly, economic reform cannot be implemented properly without institutions that are functioning well ."
Abstract The paper explains that the Lebanese Corporate Governance system, evolving after 15 years of civil war (1975-1990), is built on family business structure, block shareholdings and an active banking system and is moving to a market-based system. The author points out that the regulatory initiatives aim to develop an equity finance culture where external mechanisms allow firms to improve their performance, to reduce their cost of capital and to enhance the long-term economic performance. The paper relates that several positive regional developments will improve the local equity culture but significant challenges lie ahead.
Table of Contents
An Overview of the Lebanese Corporate Governance System: Main Challenges
The Origins of Corporate Governance Systems: the Lebanese Case
The Characteristics of Corporate Governance Systems: Toward a Lebanese CG System.
The Financing Sources: Market- versus Bank-based System
The Control and Decision-making: External-Markets versus Internal-Committees
The Future of the Lebanese CG System: Further Issues
From the Paper "The existence of widespread public and private sector corruption is key. While this may help answer why the legal and institutional framework for corporate governance is so weak, the existence of significant corruption goes farther by making the overall business environment less attractive to investors, particularly foreign investors. This is especially true with respect to investment opportunities with firms that depend on significant contractual relations with the government. Lebanon, to quote the US Embassy Country Commercial Guide 2003, has "laws and regulations to combat corruption but historically these laws have not been enforced." Based on the 2003 Corruption Perception Index developed by Transparency International, where the higher the ranking the greater the level of corruption, Lebanon ranked 78 out of 133. On a scale from 0 to 10, with 0 being highly corrupt, Lebanon scored only 3. Furthermore, according to the Lebanese research company Information International, Lebanon loses over $1 billion a year due to corruption. It is widely reported that significant bribes have been paid to win key public contracts. Such a level of corruption is a major cause for concern as the judicial system lacks the ability to provide shareholders and other corporate stakeholders with ample opportunity to receive proper redress for grievances."
Abstract A report on a study conducted into banking and corporate decision making as it effects the society and environment in which the company is based. The paper looks at the effects accountability has on whether companies are socially and environmentally responsible. The purpose of this study is to assess the feasibility of integrating sustainable development generally and ASD more specifically into financial accounting analyzes used by commercial banks in the decision-making process for the extension of business loans.
Contents:
Introduction and statement of the problem
Purpose of the study
Definition of terms
Delimitations
Overview of the study
Literature Review
Valuing Environmental Damage
Corporate Social Responsibility
Activity-Based Accounting and Management
Synthesis
Methodology
Research Design
Case Study Structure
Survey Research Structure
Combined Research Design Summary
Data Analysis
Results
Summary and Conclusions
Summary of the Study
Conclusions
References
From the Paper "Each of the research questions was answered in the affirmative. The experiences of corporations, such as Fujitsu, that have implemented ASD systems have demonstrated the compatibility of ASD systems with standard financial accounting systems. The ASD system also has proved to be both effective and valuable to the companies. The experiences are strong indications that the implementation of an ASD system is not inconsistent with preserving the integrity of both the financial accounting system and the ASD system within a company."
Abstract The writer first gives a background of the environmental movement and the awakening of world awareness surrounding the preservation of environmental resources. The paper then explains the ways in which corporations have chosen to relate to the issue, either claiming responsibility or denying a role in the race to preserve natural resources. The paper investigates the feasibility of incorporating the concept of sustainable development into commercial bank business lending decisions.
From the Paper "Bennett and James (1998) suggested that the appropriate approach is the development of a "green bottomline" that would be structured within the framework of managerial accounting. Managerial accounting, however, does not carry the force of financial accounting. Feltmate (1997) suggested that the link between accountability and corporate responsibility for protection of the physical environment be structured within the concept of accounting for sustainable development (ASD). ASD is manifested in many forms in the contemporary period, as the accounting profession in the industrialized nations has not developed a consensus on which of the several approaches to ASD should be adopted as the standard. What most proponents of the ASD concept do agree upon, however, is that non-market values must be incorporated into financial accounting in order to establish an effective link between accountability and corporate responsibility for the protection of the physical environment."
Abstract This paper identifies problems in the First Fidelity Bank's corporate structure. This author focuses on analyzing the market and the company. The paper suggests necessary changes.
From the Paper "At the beginning of ..., First Fidelity was ranked ..th among the country's largest banks in terms of operating efficiency. At around that time, federal banking regulators began to question the value of some of First Fidelity's assets. Primarily, government regulators were concerned about the value and the collect ability of certain of Fidelity's real estate loans, some of which were deemed speculative and therefore high risk At the same time many banks around the world including First Fidelity Bank (FFB) were ..."
Tags: First Fidelity, banks, executive summary, Porter's Five Force Analysis, memo
Abstract This paper assess the external environment of the financial services industry and specifically preforms an internal and external assessment of the BofA. The author includes a strategy assessment. The paper recommends to the Bank of America on the way to maintain and strengthen its competitive position.
From the Paper "The report presents the findings of a strategic management analysis of Bank of America Corporation a financial services company that participates in most facets of the financial services sector. Bank of America is a nationwide financial services company in the United States and the company is the country's third largest banking company when measure by total assets behind CitiGroup in first place and J. P. Morgan Chase in second place. This report begins with an assessment of the external ..."
Abstract This paper discusses how the USA World Bank is currently experiencing issues relating to new product development that will address the need for company growth. The research indicates that this has been a concern of many companies that have desired to improve their place in the market through product development. However, in USA World Bank's case the company must now decide to develop one or two products. Ultimately the company must focus on products development and research, focus groups and sampling techniques in order to discover solutions to the issues that plague the organization.
Abstract The paper takes an in-depth look at the factors that have affected the Taiwanese banking industry and help to shape and mold it into the 'tiger' it is today. According to the paper, Taiwan has a dynamic capitalist economy that is gradually requiring decreased guidance on investment and foreign trade from the national government. The paper discusses how in time, government-owned banks and industrial companies became privatized, mainly as a result of the export industry.
From the Paper "Taking control for Asian buyout investors did not only extend the lives of failing companies but also realized a high level of profits in the first half of 2005 (AltAssets 2005).In the first six months, divestments earned US$13.5 billion, 71% of which came out of "control" deals. There were, however, problems confronted by buyout investors. Buying out was a strange concept to Asian companies, which would not cede control of their business to foreign institutions. An exception is South Korea, where foreign-led buyouts proved successful early in the experimental stage and accounted for the turn-around of its economic crisis at the end of the last decade. It was, however, a different situation in Taiwan. The Taiwan banking sector was always an attraction to foreign buyout investors because of its combined assets at approximately US$750 billion, one of the largest in Asia. It was largely government-controlled, overcrowded and fragmented. The government claimed 50-60% ownership of the assets of these 48 banks. None of them had a market share of more than 10% and was, therefore, not a major player in the island or the region. Yet the government was willing to introduce foreign and local investors to hasten the consolidation of the industry. In May that year, Taiwan's Financial Supervisory Commission revised the rules, which would allow foreign financial companies to take full ownership of domestic banks. After selling 20% equity state of Changhwa Commercial Bank to the local Tashin Financial Holdings, the government privatized its holdings in Taiwan Business Bank, the 9th largest by assets. Taiwan Business Bank was far behind Hong Kong's Hang Seng Bank and Singapore's DBS Bank. Unlike the Changhwa Bank, which attracted foreign investors, such as Japan's Shinsei Bank and The Carlyle Group, Taiwan Business Bank attracted three local financial groups, such as E. Sun Financial Holding Company, Mega Financial Holding Company and Fubon Financial Holding in the government sale of its 43% holdings. It was a frustration to the Ministry of Finance and half of its almost 5,000 employees expressed deep apprehension towards the sale and went on strike in order to demand better benefits for themselves. The bank's business chairman resigned 10 days later, apparently because of his inability to introduced changes. The failure of takeover in the Taiwan Business Bank sent clear and powerful resistance from vested parties who saw that their interests were under threat. But the government would not give up despite this failure. It rallied by inviting bids for a majority state of China Shipbuilding Corporation, the island's largest shipbuilding company, and kept its hopes high that the move would prosper (AltAssets)."
Abstract The paper looks at multinational corporations and analyzes the nature of these businesses. It examines the diverse businesses that multinational corporations are involved in, such as manufactured good, dealing in natural resources, banking and finance. The paper discusses the multinational corporations' ability to reach all parts of the world.
From the Paper "Multinational corporations are located all over the world. They have everything they need to operate anywhere on earth. That is because they are self-sustaining. Some of these corporations produce manufactured goods such as cars; other multinational corporations deal in oil or chemicals. They produce and sell products all around the world. They may produce their products in Canada as well as in China and India. The products of multinational corporations are then sold in all countries around the world. The multinational corporations also extract resources from all parts of the globe and sell those resources all over the world. They also are involved in banking and financial.."
Abstract This study examines the nature and effects of race and gender on managerial progression within the investment banking industry. It attempts to prove that race and gender have the potential to negatively impact a minority's ability to progress in the industry. Successful advancement opportunities, in theory, should be contingent upon an individual's skills, abilities and work history; unfortunately, time and time again, this theory has been disproved by statistical data, which indicates that race and gender do, in fact, impact on employees' potential for achievement. The study focuses on the managerial progression of candidates, both male and female, of minority and non-minority descent within the U.S. and the U.K. It also details the importance of developing more comprehensive recruiting and promotional activities targeted specifically toward these populations. The paper concludes that equality measures implemented thus far have not been efficient in attracting and promoting candidates.
Table of Contents
Abstract
List of Tables
List of Figures
Chapter I: Introduction
Problem Statement (or Purpose)
Significance of the Study
Assumptions
Limitations
Definitions (or Acronyms)
Chapter II: Review of Relevant Literature and Research
Chapter III: Research Methodology
Research Technique
Research Design
Survey Population
Sources of Data
The Data Gathering Instrument
Distribution Method
Reliability
Validity
Treatment of Data and Procedures
Chapter IV: Results
Chapter V: Discussion
Chapter VI: Conclusions
Chapter VII: Recommendations
Appendixes: Bibliography, Tables, Interview Questions
From the Paper "Research also reveals that at least within the United States, finding African American presence among the highest levels of responsibility at Wall Street firms including financial institutions and investment banks is not nearly as difficult in modern times as in historical times (McCoy, 1992). Black finance professionals have actually "built impressive track records with their own investment firms" (McCoy, 1992).
The good news however is tempered by statistics that reveal that in general there are still very few African-Americans and like minded minorities working in managerial positions overall within the nation's leading investment banks (McCoy, 1992). This is even truer for minority women, who often face double discrimination, being an ethnic minority and being a woman. Statistics also reveal that few black finance professionals are currently "coming through the pipeline" to help statistics (McCoy, 1992)."
This in-depth paper a provides a benchmark pertaining to the careers of bank managers in Pakistan, while also delving into the banking industry in the Islamic run country.
Abstract This well-researched paper examines Pakistan's evolving and constantly developing banking industry from the 1940s and up the present. The writer of this paper supplies in-depth insight into the pressures as well as the numerous financial and cultural demands and expectations currently facing bank managers in both the private and public banking sectors. This paper analyzes Pakistan's political history and its resulting impact on the country's banking industry. The writer of this paper delves into Pakistan's socio-political culture which greatly affects the vision, goals and leadership style of the country's bank managers. This paper also contains various financial tables, lists and illustrated graphs pertaining to this particular topic.
Table of Contents:
Abstract
Introduction
Political and Financial History Intertwined
Effect on Pakistani Bank Managers
Cautionary Tales
The Opposite Side of the Coin
Pakistani Banking Structure
Pakistani Banking: Recent Past
Upsetting Events in Pakistan's Banking History vis-a'-vis Managers
The Best Bank Other Banks Challenges for Managers in the Banking Industry
Current Initiatives
Literature Review
Summary
Statement of Research Question
Methodology
Findings
Manager One: NBP Managers
Manager Two: New Hire from Lahore Business School
Manager Three: Year 2000 Graduate of a Business College in Germany
Manager Four: Islamic Bank Manager
Manager Five: Graduate of Irish Business College
Manager Six: Recently Promoted Manager at a Local Branch in the Capital
Manager Seven: Human Resources Manager at the Islamic Bank Manager Eight: Temporary Branch Manager in Small Town
Manager Nine: Former Bank Employee, Government Bank Manager Ten: Graduate of Lahore Business College (2)
Bank Manager Career Themes
Discussion
Conclusion
Appendix A: Islamic Modes of Financing
Appendix B: Recent Listing of Banks Operating in Pakistan
Appendix C: Questions for Bank Manager Interviews and Process
Appendix D: Recommendations by Mehmood-Ul-Hassan Khan
References
From the Paper "The best way to determine what the future might hold is to understand the past and the present, and add to that the changes seen by experts on the horizon. Therefore, constructing the history of Pakistani banking forms a major part of the current research; outlining contemporaneous changes and decisions regarding Pakistani banking made by its most senior officials is also important to understanding the influences on bank manager career tracks and attitudes. In addition, an extensive literature review of those factors that generally contribute t manager career orientation in any business will help understand the Pakistani bank managers' positions. Interviews with at least a few current Pakistani bank managers will display the attitudes they currently hold, and provide insight into what they expect in the future and what would make them more or less career-oriented."
Abstract This paper discusses individual commercial banks and how they service their customers. It analyzes the quality of banking services that a customer gets and how the services are provided to the customer. It describes the three main channels for banking today - through branches, through the internet and on telephone.
Table of Contents:
Introduction
Chapter I
How Internet Banking Has Grown In The Last Decades, Especially Regarding New Product Being Offered
Evolution of Internet Banking Present Status and Profile of E-Banking Offered By Banks Nature of Product Offered
Chapter II
The Operations of Banks In Different Areas: What Is The Contribution?
Effects of E-Banking on Banking Operations: What Is The Contribution of Internet Banking Toward The Business?
Chapter III
General Benefits of Banks From E-Business and Other Communication
Performance Measurement
Chapter IV
Reality of System Risks and Control
Conclusion
From the Paper "To understand the relationship that can develop between the Internet and banks, one has to first understand the nature of both these items. The first to be understood is the banks. So far as banks are concerned, at the beginning of the twenty-first century, central banking which is the source of all banking activity would appear to be at a crossroads in their future. Earlier it was the lender of last resort, active participant in stabilizing economic fluctuations, and now the present main function is being the guardian of price stability. As it is still the monetary authority, much is expected from them. At one stage, fiscal policy was considered to be the main instrument of economic policy, the situation changed to an ascendancy of monetary policy and that was noted by the late 1980s in most parts of the industrialized world. This had a lot of implications for the role of the central bank."
Abstract This paper is a personal research project about online banking in the United Kingdom. It describes its history, how it works, security issues and its advantages and it introduces online banking facilities. It provides an appendix summarizing the services of each of the main British banks.
Table of Contents
What is online banking?
How online banking works
The security of online banking The advantages of online banking The disadvantages of online banking Prediction of the prospects of online banking.
From the Paper "The online banking will be a step to a new stage in the future. By that time, the banks will definitely offering more attractive services online and the competition of online banking will be complicated because more banks will have online banking services. Another progression is the development of wireless banking such as Digital TV and Mobile banking or so called WAP (Wireless Application Protocol). Nowadays, mobile phones are used everywhere, and many leading telecom companies and software companies have joined the WAP forum. Such as Nokia, Ericsson and Motorola."
