FINANCIAL INSTITUTIONS BUS 410 SFU Beedie School of Business Patrick Lenouvel INVESTMENT BANKS - SECURITIES FIRMS 1987: Regulatory changes The 1987 changes in the framework of Canadian financial market allowed commercial banks to acquire security firms or to expand into the security business. As a result‚ most major commercial banks acquired Canadian dealers: RBC bought Dominion Securities in 1988‚ Pemberton (89)‚ Mc Neil Mantha (91) Richardson (96) CIBC acquired Wood Gundy in 1988 Bank
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Why do firms become multinational enterprises? There are multiple ways to define what is meant by the term “multinational enterprise” (MNE)‚ most of which can be reduced to a short list of criteria summarised effectively by Franklin Root (1994). He defined an MNE as a parent company that i) engages in foreign production through its affiliates located in more than one country; ii) exercises direct control over the policies of its affiliates; and iii) implements transnational business strategies in
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A Man of Much More - Giuseppe Garibaldi Through his adventures as a general and a freedom fighter‚ Giuseppe Garibaldi emerged as the first international celebrity and hero. As one of the few esteemed Italian heroes today‚ Garibaldi is “the only one who is loved as well as admired”.[1] Born in 1807 in Nice‚ France‚ Giuseppe Garibaldi was drawn into radical politics and seafaring as a young man. He soon was granted his captainship and participated in various political insurrections and uprisings
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Gray Case: Moss and McAdams Accounting Firm 1. If you were Palmer at the end of the case‚ how would you respond? If I were in Palmer’s position‚ I would accept Sands and Olds choice and move on as the bottom line is to work towards accomplishing the organization’s goals. Considering the toll the situation had on Olds‚ it would be only fair to grant his wish and ensure that things get back right on track. In addition‚ I would also persuade Sands to find someone who has a skill set close to
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CHAPTER 1 Goals and Governance of the Firm Answers to Problem Sets 1. a. real b. executive airplanes c. brand names d. financial e. bonds f. investment g. capital budgeting h. financing 2. c‚ d‚ e‚ and g are real assets. Others are financial. 3. a. Financial assets‚ such as stocks or bank loans‚ are claims held by investors. Corporations sell financial assets to raise the cash to invest in real assets such as plant and equipment. Some
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some rights in the partnership firm and in the same manner; each partner is liable jointly and severally for all the acts of the firm done by him while he is a partner in a partnership firm. The firm is liable to the same extent as the partner‚ for the loss or injury caused to any third party or any penalty is incurred‚ by his wrongful act or omission of a partner acting in the ordinary course of a business of the firm or with the authority of his partners. When a firm acting within the apparent authority
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41‚2 The relationships between supply chain and firm performance The development and testing of a unified proxy Mark Johnson and Simon Templar Cranfield School of Management‚ Cranfield‚ UK Abstract Purpose – Supply chains directly influence the differentiation and cost of a firm’s products and services and its exposure to risk. The purpose of this paper is to use secondary financial data to explore the relationship between supply chain and firm performance by developing a unified proxy for supply
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Should We Stand By Or Stand Firm? Stephanie Carlin The bystander’s effect highlights that when other people are present an individual will not offer any means of help to a victim. It would be great if we all could step in however‚ that is not always the case. Do we stand by and hold self-protection above the aid and help of another or do we stand firm and step in even though it may bring the attention and anger of the individual onto ourselves
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#2 Is this client the right fit for your firm? Summary: This article talks about how the CPA firms can avoid the problem clients before they cause troubles. The article demonstrates some basic steps for all clients’ engagement‚ then tells us how to deal with higher-risk engagement‚ and finally talks about how the CPA firms can formalize the engagement process. Firstly‚ the main points of basic steps for all clients and engagements are CPA firms should evaluate prospective client integrity
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Law Firms and Electronic Communication Dealing with Cyberspace Annette Slaughter LES.330.DISB1T01.SP2011 February 23‚ 2011 Abstract In the world of litigation‚ it is a difficult enough task to wade through all the laws‚ acts and statutes that compose constitutional law. With the introduction of new technologies dealing with cyberspace‚ one of the issues laws firms have to contend with electronic communication. Electronic communication encompasses the areas of document review or electronic
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