be known as the world’s local bank and this tagline reflects HSBC positioning as a globe spanning financial institution with a unique focus on serving local markets. The Hong Kong and Shanghai Banking Corporation Ltd (HSBC) was established in 1865 to finance the growing trade between China and the United Kingdom and currently‚ it is the second largest bank in the world. In spite of serving more than 100 million customers through 9500 branches in 79 countries‚ the bank works hard to maintain local
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International trade theory provides explanations of the benefit for country to engage in international trade‚ even for products it can produce for itself. As time goes by‚ there are mainly 7 types of theory‚ namely‚ mercantilism‚ absolute advantage‚ comparative advantage‚ Heckscher-ohlin theory‚ product life-cycle theory‚ new trade theory‚ Porter’s diamond national competitive advantage theory. Although some of the theories hold different view of patterns of international trade and vary in attitude
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Springer 2010 Fair Trade and the Depersonalization of Ethics ´ˆ Jerome Ballet ´ Aurelie Carimentrand ABSTRACT. Fair Trade has changed considerably since its early days. In this article‚ we argue that these changes have led to a depersonalization of ethics‚ thus raising serious questions about the future of Fair Trade. In particular‚ the depersonalization of ethics which is seen to accompany the current changes has led to greater variety in the interpretations of Fair Trade. Hiding these divergences
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A Bank Is A Financial Institution And A Financial Intermediary That Accepts Deposits And Channels Those Deposits Into Lending Activities‚ Either Directly By Loaning Or Indirectly Through Capital Markets. A Bank Is The Connection Between Customers That Have Capital Deficits And Customers With Capital Surpluses. Uttara bank Uttara Bank-one of the largest and oldest private-sector commercial bank in Bangladesh‚ with years of experience. Adaptation of modern technology both in terms of equipment and
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The Galleon Trade 1565 - 1815 The Manila Galleon or “Nap de China” was the first route to sail through the Pacific Ocean as a link between Asia and America. Through this route‚ and after having colonized Philippines‚ Spain controlled this commercial route for almost three centuries‚ uniting Seville‚ Philippines and Mexico. • The Manila-Acapulco galleon trade began when the Augustinian friar‚ Andrés de Urdaneta‚ sailing in convoy under Miguel López de Legazpi‚ discovered a return route from Cebu
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Types of Banks. Commercial banks differ from investment banks.Most financial consumers think of “the bank” as a place to keep liquid financial resources‚ such as checking accounts and savings accounts. A consumer may have personal accounts at acommercial bank. The commercial bank’s primary business involves taking in financial assets as deposits then lending these assets to other customers at a rate of interest. The interest rate the bank charges on loansand revolving lines of credit or other credit
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Introduction Background of CIMB Bank Our assignment is to investigate the products and services offer by CIMB Bank. The reason we choose CIMB Bank is that it is a pure Malaysian bank. The Board of Director and management team almost all form by Malaysian. The Chairman of CIMB Bank is Tan Sri Dato’ Md Nor and the Chief Executive Officer of CIMB Bank is Dato’ Sri Nazir Razak (The son of the Second Malaysia prime minister‚ Tun Abdul Razak). CIMB Bank is an indigenous ASEAN investment bank and has the widest retail
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Grameen Bank: Taking Capitalism to the Poor Evaristus Mainsah* MBA ’04 Schuyler R. Heuer MBA ’04 Aprajita Kalra MBA/MIA ’04 Columbia Business School Columbia University School of International and Public Affairs Qiulin Zhang MPA ’04 Columbia University School of International and Public Affairs This paper was written as part of the course Emerging Financial Markets taught by David O. Beim‚ professor of professional practice‚ at Columbia Business School in fall 2003. The authors are
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economic integration which includes: free trade area‚ customs union‚ common market‚ economic union‚ and political union. Currently the North American Free Trade Agreement (NAFTA) is in the free trade area‚ the European Union (EU) is in the economic market‚ and The Southern Common Market (MERCOSUR) is in the customs union. The integration groups listed above pertain to members of the same regional integration union. However‚ unions are allowed to decide what trade policies are put into play with nonmembers
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Thus‚ Basel III was designed to address the weaknesses of the past crisis and to make the banking sector much stronger and efficient enough to face any crisis. The major thrust area of Basel III is improvement of quantity and quality of capital of banks‚ with stronger supervision‚ risk management and disclosure standards. These measures aim to 1. Improve the banking sector’s ability to absorb shocks arising from financial and economic stress. 2. Improve risk management and governance. 3. Strengthen
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