Barings Bank & the “Rogue Trader” Founded in 1762‚ Barings Bank (previously known as Baring Brothers & Co.) was the oldest merchant banking company in England. Barings collapsed on February 26‚ 1995 as the result of the activities of one of its traders‚ Nick Leeson‚ who lost $1.4 billion by investing in the Singapore International Monetary Exchange (SIMEX) with primarily derivative securities. This was actually the second time the bank had been faced with bankruptcy. Following the collapse‚ Barings
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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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services provided by five Indian banks. The relationship dimensions which lead to customer satisfaction have been identified. This study reports on the different satisfaction levels of customers of private and public sector banks with respect to the services provided by their banks. 1.1 HISTORY OF THE BANKING SECTOR Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India which started in 1786‚ and the Bank of Hindustan‚ both of which are
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Table of Content Executive Summery Chapter # 1ABOUT GREEN HOUSE1.1: WHAT IS GREENHOUSE 1.2: HOW DOES GREEN HOUSE WORK | page23 | Chapter # 2: About GREEN HOUSE EFFECT2.1: what is green house effect2.2: causes of green house effect | 45‚6 | Chapter # 3:GRREN HOUSE EFFECT AND BANGLADESH3.1: Green house effect & Bangladesh3.2: Green house effect causing the global warming in Bangladesh3
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Roles and Challenges for sole proprietorship in Bangladesh Prepared By: Mahmudul Kader Siddque ID: 13104048 Sec: 004 Bus 101 Prepared for: Mohammad Tamzidul Islam Lecturer Brac Business School Brac university Date Of Submission: Introduction: A sole proprietorship is a form of legal organization in which the owner maintains sole and complete control over the business and is personally liable for business debts. There are no legal
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Social Science Vol. 4 No. 6; June 2013 Credit Risk Mitigation Strategies Adopted By Commercial Banks in Kenya Moses Ochieng Gweyi Assistant Lecturer Department of Co-operative Studies The Co-operative University College of Kenya P.O. Box 24814-00502 Nairobi‚ Kenya Abstract The study’s overall objective was to investigate credit risk mitigation strategies adopted by 44 the commercial banks currently operating in Kenya. The study was descriptive in nature. The study opted for both primary
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WP/07/2 Cooperative Banks and Financial Stability Heiko Hesse and Martin Čihák © 2007 International Monetary Fund WP/07/2 IMF Working Paper Monetary and Capital Markets Department Cooperative Banks and Financial Stability Prepared by Heiko Hesse and Martin Čihák1 Authorized for distribution by Mark W. Swinburne January 2007 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and
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What are the pros and cons of banking regulations stipulated by the central bank? Comment on the statement that regulations imposed on banks should be based on a strategic regulatory framework so as to be disclosed‚ transparent‚ equitable and predictable. -Pros and cons of banking regulations stipulated by the central bank: Pros: Central bank is one of the organizations which is in charge of making and maintaining bank regulation. Regulation helps to protect the public against loss through some
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Khairul Hasan Arif MBA‚ CMA ( Cont.) Editor Bank Reconciliation What Is Bank Reconciliation? The word “reconciliation” means to make two sets of amounts correspond with each other (i.e. make them equal to each other) by explaining why the two sets of amounts differ. Bank reconciliation is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement‚ the balance of the accounting
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BRITISH BANKS: CRACKING THE OLIGOPOLY Student: Aruni Dileepa Wijeweera - 16639300 Student: Elie Gharib - 16443365 Student: Ying Sheng - 17903022 Lecturer: Dr. Neil Perry Economics 200425 Due Date: 18th November 2013 United Kingdom (UK) banking industry started in 1694 with the establishment of Bank of England‚ with the main purpose of funding the war against France. Throughout the years and with the expansion of the banking industry‚ many private banks invaded the
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