CEO of NAB, Andrew Thornburn, says the bank hopes to improve the financial resilience of Australians
CEO of NAB, Andrew Thornburn, says the bank hopes to improve the financial resilience of Australians
Australian securitization as a source of funding for mortgage originators--who themselves are experiencing a reduction…
After performing a SWOT Analysis, upper management has determined that our company has a variety of strengths, weaknesses, opportunities and threats. I will describe strategies that will take advantage of the company’s strength’s and opportunities. I will also describe strategies that will help the company reduce weaknesses and threats.…
The Global Financial Crisis (GFC), a crisis that started in August 2007 and continued through to 2008, saw many countries around the world enter a recession. In response to the crisis, Australia, along with the G20 member countries, made a commitment to provide timely stimulus to domestic demand while maintaining a sustainable medium-term fiscal strategy (Swan & Tanner, Updated Economic and Fiscal Outlook, 2009, p. 35).…
Indiana University (IU) Health Paoli Hospital is a Critical Access Hospital in southern Indiana. IU Health Paoli serves a rural population and offers obstetrical (OB) services. The OB department offers an individualized family centered birthing setting. The hospital delivers around 130 babies annually. The mission of the OB department is to offer a personalized compassionate delivery of care and provide a quality outcome for mother and newborn. The staff on OB is all registered nurses (RN), certified in in-patient obstetrics and electronic fetal monitoring. All 14 staff members are neonatal resuscitation and advanced cardiac life support providers. 2 of the 14 RN’s are internationally board certified lactation consultants and have an 83% breastfeeding rate at discharge. Labor support offered is hydrotherapy, birthing ball, epidural and they also offer vaginal birth after cesarean. Six family practice physicians offer obstetrical services at the hospital and three of the physicians offer cesarean section services. The 2012 Annual statistics for the OB department reflected a primary cesarean rate of only 13% and no early elective deliveries prior to 39 weeks gestation. All RN’s and physicians are focused on quality, compassionate care and outcomes. All standards of care and core measures for OB care of followed and implemented to the fullest degree. The OB Nurse Director is very passionate about quality outcomes and staying patient centered with the delivery of care, decisions and policies. A special quality that all nurse’s and physicians possess on this unit is each patient, birth is a miracle. The opportunity to be present at this memorable time in each patient’s life is an honor not a job. The patient satisfaction scores and comments from NRCPicker® reflect this passion and commitment.…
Let’s face it, people all over the world love beauty. Holy wood is obsessed with it. Like many women in America and all over the world, we want to look our best, we want to look and feel beautiful. Women and some men want the gift of youth and beauty and will go to great lengths to attain it. After pondering about what I was going to write my SWOT analysis on, I decided to go for what I know best: Beauty Products! I decided to conduct a SWOT analysis on Ulta Salons and Cosmetics. The acronym, SWOT stands for strengths, weakness, opportunities and threats of a particular company.…
(www.businessdictionary.com) The rising trend of borrowing in Australia has affected many Australian households economically. The Australian economy has experienced huge swings in interest rates in the different sectors of economy since the 1970s and the mid-1980s under…
The Australian home loans market is highly competitive. The big four banks, brokers and smaller lenders ferociously compete for valuable home buyers. Convincing these buyers to speak to the Commonwealth Bank (CBA) and begin the application process is vital to success. However, analysis of the bank's application process showed that 85% of pre-approved customers do not convert to a fully funded home loan within the six month approval period. This was occurring despite the fact that these customers had already gone to the trouble of providing their financial details and speaking with the bank to gain approval. We needed to understand why they weren't converting with us. Three main factors were in play. Competitive market Many potential customers took a loan elsewhere. At the time of the campaign, we were in the middle of 3 continuous months of interest rate increases, rising a total of 0.75%.…
Northern Rock announced that they would be offering £14 billion worth of new mortgages, over the next two years, as a part of their new business plan. This type of new lending will be partly funded by an increase in the government loan, a reversal of previous strategy to pay the loan off as quickly as possible by actively encouraging mortgage customers to leave when their mortgage deal matures. The reason for this change being government policy to increase the availability of credit. This £14 billion will be split into £5 billion in 2009 and £9 billion in 2010.…
Building societies were originally set up to pool small deposits from individuals and households in order to finance mortgage lending. Residential home ownership was highly desired by Australians and as it was difficult to obtain home finance from banks in the regulated environment, building societies were able to fill the breach and thrived. With deregulation of banks and the growth of the securitised mortgage market, the value of the intermediation function performed by building societies and credit unions (funnelling small savings into home mortgage lending or shorter term lending) was eroded by competition. Deregulation of the financial industry freed…
It’s no secret that Australians are accumulating debt. The bureau of statistics states that household debt stands at 1.84 trillion dollars which is the highest it’s been in the last 25 years. Along with debt comes stress and the need to work harder. Due to the increase in both stress and debt, many Australians are putting a…
Like all other economies the Australian economy was very much affected by the global economic crisis and the recession around the world therefore the financial institutions started to feel the pressure and the stress of the situation but the Australian Government put in place measures to guarantee the debts of banks.…
Developments in the Australian Financial Section Abstract This research report examines the structure of the Australian financial industry, its legal and regulatory framework and the current challenges faced by Australian banks. The report finds that the Australian financial sector has a comparatively strong regulatory structure; however, the effect of the Global Financial Crisis of the late 2000s has significantly lowered the growth rate the banks’ assets and posed other challenges to the banks. The report concludes that the collective challenges currently faced by Australian banks may, given the fragile global financial climate, combine to affect the profitability and overall stability of Australian banks if not properly addressed. This report is of the view that, in resolving these challenges, banks should fix their lending rates to reflect their cost of funding independent of the cash rate and adopt measures to improve efficiency in their management. Introduction The Australian financial sector is generally perceived as stable and well-regulated, and although it fared relatively well through the Financial Crises of the late-2000s, there has been noteworthy changes in its structure, regulation and the nature of threats facing its banks. This report explores the major challenges confronting Australian banks by analysing the causes and various perspectives on the issue. Firstly, the structure of Australian financial intuitions is analysed in terms of their asset size over a seven year period from December 2005 to December 2011. Secondly, the major laws and bodies governing the Australian financial industry are examined with particular focus on the liquidity and capital adequacy requirements of banks. Lastly, the report looks at the major challenges currently facing Australian banks which it identifies as: high cost of funding and exchange rate; lower credit and…
Auntie Anne 's, Inc., the world’s largest hand-rolled soft pretzel franchisor manufactures and sells pretzels. Its products include pretzel dogs, gourmet bread sticks, pizza knots, pretzel kits, mixes, twists, and baked pretzels, as well as various drinks and dips. The company was founded in 1988 by Anne and Jonas Beiler and is headquartered in Lancaster, Pennsylvania. . Auntie Anne’s, Inc was purchased in 2005 from Anne and Jonas Beiler by Sam Beiler, the company’s president and chief executive officer. The first franchise was opened in 1989 in Harrisburg, Pennsylvania. (Auntie Anne’s, 2010) Today the company supports over 300 franchisees, with more than 1,050 locations worldwide. The company recorded record revenues in 2008 of 333.4 million dollars, an increase of 8% over 2007. (Wikipedia, 2010)…
Notably, due to tough market conditions, ANZ chalked up bad debts due to several years of poor performance. To overcome this situation, ANZ’s essential focus was on cost reduction and…
In this paper I will introduce you to ABB Inc., a company leader in the power and automation technology business. I will give you the detailed background of ABB Inc, explain their strategic mission and choose a foreign market for their product and service. I will also explain ABB’s marketing plan, discuss the potential audiences for ABB, identify the marketing segment for the product and discuss the target market. I will also perform a SWOT analysis and create the market position for ABB’s product.…