Why did the finial crisis of 2008 happen? Bear Sterns was the beginning of the crisis but why did it happen to them? Was Adam Smiths invisible hand concept responsible for what happened? Was is solely Bear Sterns fault? Bear Sterns along with other banks invested in subprime mortgages. They were mortgages that were given out to people that usually would not have been able to pay them off‚ which made them very high risk. The people ultimately could not pay for these mortgages.Once this happened these
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deemed applicable in Philippine shared services industry in the course of the study. This comprehensive study will focus only on the attrition of Philippine shared services particularly of the financial services such as Citibank‚ Deutsche and JP Morgan. Its purpose is to evaluate the factors that may hinder employee retention and its impact on management and the company as well. Lastly‚ after determining and testing the common causes of attrition rate‚ suggested ways on improving employee retention
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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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com/Research/Markets/Sectors-And-Industries/Oil-and-Gas/Pipelines GAIN Grant‚ R. M. (2011). Contemporary strategy analysis (7th ed). John Wiley and Sons Ltd. West Sussex United Kingdom. Neate‚ R. (2012). JP Morgan crisis: Obama backs tougher Wall Street regulation. Retrieved from http://www.guardian.co.uk/business/2012/may/15/jp-morgan-obama-backs-wall-st-reform
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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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