Citigroup Newsroom Citi Names Brian Leach Chief Risk Officer Press Release‚ February 27‚ 2008 New York – Citi today announced that Brian Leach will assume the role of Chief Risk Officer for Citi‚ reporting to Chief Executive Officer Vikram Pandit. Mr. Leach will also become Acting Chief Risk Officer for the Institutional Clients Group. In addition‚ the company named four new senior managers to the Risk organization – Suneel Bakhshi‚ Charles Monet‚ Greg Hawkins‚ and Adil Nathani – all reporting
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highly profitable areas‚ health care and technology. The case is mainly about the company’s recruiting issues. SG Cowen has not invested on ‘On campus recruit’ because they didn’t have enough money to spend on that like other big competitors‚ JP Morgan and Goldman. They recruit employees in the early winter and spring of each year. SG Cowen also wanted to hire people from major ‘Top 10’ schools. However‚ considering their capital on hiring and presence‚ they enlarged the boundary to make ‘On campus
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S. Commodity Futures Trading Commission. (n.d.). Retrieved March 1‚ 2013‚ from U.S. Commodity Futures Trading Commission: http://www.cftc.gov/index.htm CNN Money (n.d.). Retrieved March 1‚ 2013‚ from http://money.cnn.com/2012/05/22/news/economy/jp-morgan-senate/index.htm U.S. Securities and Exchange Commission. (n.d.). Retrieved March 1‚ 2013‚ from U.S. Securities and Exchange Commission: http://www.sec.gov/ Bagley‚ C. (2013). Managers and the Legal Environment: Strategies for the 21st Century‚
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the rush to consummate the deal‚ JP Morgan had accidentally agreed to honor Bear’s trades for up to a year irrespective of shareholder approval of the merger. This oversight created the terrifying specter of Morgan failing to acquire Bear but nonetheless remaining on the hook for billions in potential losses from Bear trades gone awry. Holding negotiating leverage for the first time since the crisis began‚ newly minted Bear CEO Alan Schwartz pushed JP Morgan CEO James Dimon to up the final offer
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clawback lawsuits he also filed lawsuits against financial agencies that turned a blind eye to Madoff’s fraud even though there were obvious signs of fraud. The main target of the lawsuits was JP Morgan‚ which supposedly was the bank in the center of Bernard’s Ponzi scheme. Irving intended to receive $19 billion for JP Morgan’s negligence. Federal district and appellate courts prevented Picard from pushing these claims; however‚ he appealed to the Supreme Court to overturn this
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Seoul Journal of Business Volume 19‚ Number 1 (June 2013) Behavioral Finance: A Survey of the Literature and Recent Development HYOYOUN PARK*1) Euler Hermes Hong Kong Service Hong Kong‚ China WOOK SOHN** KDI School of Public Policy and Management Seoul‚ Korea Abstract This paper summarizes recent studies in behavioral finance—particularly regarding market anomalies and investor behavior—that are not reconciled with the traditional finance paradigms. This paper differs from previous
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The late 19th century to early 20th century buzzed with new ideologies and ambitions. Followed by the gilded age in the 1980s‚ a period where powerful monopolies dominated the economy‚ the progressive era ushered in a period of reforms. Fueled by the flaws run by the laissez-faire economy‚ people start advocating for changes in society. Muckrakers such as Upton Sinclair‚ the writer of The Jungle; Jacob Riis‚ the writer How the Other Half Lives; and Ida Tarbell‚ who wrote about the oil industry all
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I had spent about 3 months in my new job at JP Morgan‚ Singapore‚ as a business analyst in the clearing and settlement project management team. I was handling a critical and high-budget project spanning over 4 different locations. Pleased with my work and the team player attributes I had shown in the few months‚ my Executive Director called me into his cabin and offered me an additional responsibility. He said that he had started an “Offshore Test Centre (OTC)” initiative and he felt that it needed
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Domino’s‚ Pizza Hut use delivery and dine-ins to whet the taste buds of demanding Indians A pizza for most of its consumers is a round‚ flat piece of hand-tossed dough topped up with sauces‚ cheese and meats (or veggies). And the marketers of Domino’s and Pizza Hut in India will tell you that although their pizzas sell like hot cakes‚ differentiating one brand from the other is not quite a piece of pastry. "As the ability to change consumer tastes is extremely limiting‚ we have no choice but
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A. The Implications for corporate governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors
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