initial success‚ Nick Leeson was transferred to Barings Securities in Singapore and was promoted to general manager‚ with the authority to hire traders and back office staff. Leeson’s experience with trading was limited‚ but he took an exam that qualified him to trade on the Singapore Mercantile Exchange (SIMEX) alongside his traders. “Leeson and his traders had authority to perform two types of trading: 1. Transacting futures and options orders for clients or for other firms
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Rogue Trader‚ Nicholas Leeson Case 1) What was Nick Leeson’s strategy to earn trading profits on derivatives? Leeson was trading derivatives contracts on the two exchanges that were‚ in some cases‚ of different types and‚ in some cases‚ in mismatched amounts. He was hoping making profits by selling put and call options on the same underlying financial instrument‚ the Nikkei 225 Index. 2) What went wrong that caused his strategy to fail? He thought as the Nikkei was already low that
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For this activity‚ I chose to go to the supermarket I go on a weekly basis‚ Trader Joe’s because they sell affordable organic foods. Since I lived on campus‚ Trader Joe’s‚ New Leaf and Safeway are the closest and most convenient grocery store options for me‚ although Costco offers cheaper foods. During shopping I paid attention to price‚ variety and foods higher in calorie‚ nonetheless‚ the contrast between calories are subtle and have little to do with the amount of money spent. The results reveal
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Introduction How often do you see in the news that a rogue trader has been arrested? In this research project‚ we will aim to study unauthorised trading and assess how it influences investment banking general. The research will also help us have an improved mastery and a better understanding in the field of investment banking with a broader view of the repercussions faced by rogue traders‚ and also the full extent of the consequences the banks involved must assume and try to solve. We will also investigate
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NY: Williams Capital Research Supermarket Facts: Industry Overview 2009 (2011). Food Marketing Institute. Retrieved January 26‚ 2011 from http://www.fmi.org/facts_figs/?fuseaction=superfact Trader Joe’s (2011). Wikipedia. Retrieved January 26‚ 2011 from http://en.wikipedia.org/wiki/ Trader_Joe ’s Trader Joe’s: Our Story (2011). TraderJoes.com. Retrieved January 26‚ 2011 from http://www.traderjoes.com/about/our‐story.asp. Wal‐Mart (2011). Wikipedia. Retrieved January 26‚ 2010 from http://en
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Brief Summary In 2011‚ a stock trader of a well-known investment firm along with two alleged accomplices was convicted of insider trading. The lawyers allegedly browsed around their law firm picking up information regarding corporate deals and would provide it to a person who would then pass the inside information to the trader. This information was then used by the trader for him to earn millions of dollars. Since the information came from the lawyers‚ the trader would thank them by providing envelopes
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substantiate his demands for cash to satisfy his margin calls‚ as well as consideration for the misleading explanations he provided to justify his cash needs. Furthermore‚ senior management failed to facilitate transparency in his transactions and day to day reporting‚ as they allowed Leeson to manage both back and front house
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Organizational Behavior October 27‚ 2014 Trader Joe’s was a small convenience store chain in the 1950’s turned into the intimate grocery store chain it is known as today. Trader Joe’s founder‚ Joe Coulombe‚ after a visit to the Caribbean‚ decided to change his corner stores to a grocery store where customers can go to try new‚ hard to find products while still getting a great value and receiving amazing customer service (Trader Joe’s‚ 2014). The Trader Joe’s culture is lighthearted and customer
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http://www.shangri-la.com/. Shangri-La is a differentiated marketing hotel. The company offers different branding hotels to meet different niche groups of customer expectations with a unique Asian hospitality services model such as spa branding hotel and trader hotel. Target Market: Shangri-La Hotel and resort main caters to upper middle and upper class people‚ who concern about environment and enjoy luxurious lifestyle. They have a quote of “There’s no greater act of hospitality than to embrace a stranger
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Monday Study Study Study Study and do Assignments and Researches. Tuesday Study Study Study Study and do Assignments and Researches. Wednesday Study Study Study Study and do Assignments and Researches. Thursday Study Study Study Study and do Assignments and Researches. Friday Study Study Study Study and do Assignments and Researches. Saturday Free Time Free Time Free Time Free Time Sunday Free time but up to lunch time only. Do choirs. Review Lessons or Advance
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