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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Exchange rates are the value of one currency with respect to another‚ for the purpose of conversion. They affect investment levels‚ via the cash rate and values of domestic assets; trades‚ via prices and the terms of trade (TOT); liabilities‚ via currency appreciation or depreciation and the valuation effect‚ and trades. Exchange rates are influenced by government policies in the short term and market forces in the long term. Since the Australian dollar (AUD) was floated in 1983 it has experienced
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Geography and Switzerland’s National Stability A landlocked‚ mountainous country‚ Switzerland ’s geographical position in central Europe and strong neutral stance has given it the access and political stability to become one of the world ’s wealthiest countries‚ largely through its banking industry. Over the last 200 years Switzerland has become a symbol of neutrality and impartiality. It has been formally neutral since just after the Napoleonic wars of the early 19th century and before that informally
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Facilitating Globalization - IMF and World Bank The International Monetary Fund was organized during the year‚ 1946 followed by commercial operation in March‚ 1947. International Monetary Fund has been set up with the following main objectives: a. Solving the short term balance of payments problems faced by the member nations; b. Widest extension of multilateral trade and payments between the countries; c. Elimination of reduction of existing exchange controls; d. Establishment and maintenance
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Investment bank Vs. Commercial banks Many factors directly and indirectly caused the ongoing 2007–2012 global financial crisis which started with the US subprime mortgage crisis. One of the main culprits that is often pointed to as one of the main triggers of the global financial crisis are the mortgage derivative products‚ where risky mortgages were packaged with more traditionally secure mortgages and sold to corporate investors and other banks as secure investment products. This packaging of
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How the Stock Market Works Why Do Companies Issue Stock? Companies throughout the world issue new stock shares every day. But what is stock‚ and why does a company issue it? To help you to better understand these important concepts in this tutorial we will discuss: What is Capital? Equity vs. Debt Why Do Corporations Issue Stock? Advantages for Stock Holders Let us begin by defining the word capital. What Is Capital? Let’s imagine that you decide to start up your own ice cream shop business
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Under the supervision of the IMF‚ Korea adopted a free floating exchange rate system. Ever since‚ the liberalization of the FX market removed ceilings on foreign investment in Korea equities and money markets. This allowed the Korean won to be less exposed to speculative currency attacks. In a managed system‚ Korea needed vast foreign reserves to keep the value of the won at a certain level. Its depletion of foreign reserves in response to capital flight was what contributed to Korea’s financial
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BARCLAYS BANK: HOW (NOT) TO COMMUNICATE WITH STAKEHOLDERS Corporate Communication Case study 1.1 09-17-2013 Josine Kremer - 414794 CASE STUDY 1.1 BARCLAYS BANK: HOW (NOT) TO COMMUNICATE WITH STAKEHOLDERS QUESTIONS FOR REFLECTION 1. Discuss each image crisis for Barclays. - Image crisis no. 1: ‘A world needs a big bank’ campaign vs. closing 170 branches in the UK. In 2000 Barclays launched a ‘Big’ campaign with the slogan: ‘a big world needs a big bank’. Barclays wanted to be seen as an
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contribution to the new world would be introducing tobacco as a commercial crop to Virginia colonists. Although the Indians had already cultivated tobacco‚ Rolfe introduced a sweeter form in Virginia that he imported from Trinidad‚ whose tobacco was considered superior to the Indian variety (Horn‚ 2011). His marriage to Pocahontas in 1614 led to eight years of relative peace with the Indians allowing time for increased land holdings tobacco to take root‚ grow‚ and gather markets. The production of this
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enterprises. He thought that industrialization would bring change to the American economy that was led by agriculture and imported British goods‚ increase the work rate with use of machines‚ provide work for people‚ and attract workers from around the world. To support industrial development‚ Hamilton suggested the government raise tariffs on imports and provide bounties to industries making important products that are needed. He also asked Congress to fund transportation advancements‚ in addition to
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