As part of a bid to prevent the insurer’s failure‚ the U.S. settled derivatives and loan contracts worth $32.7 billion withGoldman Sachs Group Inc.‚ Merrill Lynch & Co.‚ Societe Generale‚ Deutsche Bank AG and UBS AG. That’s about half the $66.7 billion that those companies‚ the five biggest beneficiaries of loans and capital infusions for AIG‚ said they spent on pay and benefits last year for employees‚ some of whom created or traded toxic subprime assets that proved deadly for lenders. The bonuses
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Global November 2001 Valuation Multiples: A Primer Global Equity Research www.ubswarburg.com/researchweb In addition to the UBS Warburg web site our research products are available over third-party systems provided or serviced by: Bloomberg‚ First Call‚ I/B/E/S‚ IFIS‚ Multex‚ QUICK and Reuters UBS Warburg is a business group of UBS AG Valuation Primer Series Peter Suozzo +852-2971 6121 s peter.suozzo@ubsw.com Stephen Cooper +44-20-7568 1962 s stephen.cooper@ubsw
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Impact of the Financial Crisis on Banking Sector The current financial crisis‚ which started in the Unites States‚ has dominated the headlines all around the world since summer 2007. The world has been experiencing one of the most severe crises such as the Great Depression from 1929. This started as a subprime crisis with problems in the subprime mortgage market in the USA in 2007 which spread throughout the world. This subprime turmoil turned soon to a global financial crisis and turnaround to
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Audit iii) Secretarial and Accounting ii) Taxation iv) Management consultancy services The first work that I need to do during my practical training is UBS Accounting System. This system is similar to MYOB that request data to be entered in the system in order to proceed with the next step of accounting which is auditing. UBS Accounting System requires to keying the data about sales‚ cost of goods sold‚ assets‚ liability‚ and the expenses of the company. Besides that‚ I should have
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List of Swiss Companies in India - 2008 Company Name CEO/Contact Person Address/ Tel/Fax/E-mail/ Website Business Activities/ Sector Swiss Partner / Parent Company Date of Commence ment of Operations in India 1949 Staff Strength (Approx.) ABB Limited Mr. Biplab Majumder Country Manager & Managing Director 2nd Floor‚ East Wing Khanija Bhavan 49‚ Race Course Road Bangalore 560 001 Tel : 080 22949101 Fax : 080 22949148 biplab.majumder@in.abb.com www.abb.com/in 522‚Udyog Vihar‚ Phase -V‚ Gurgaon
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overstated by at least $800 million‚ or approximately 10 percent” (sec.gov‚ March 19th 2003). Leading officials at the healthcare giant became entangled in the scandal as well as auditors at the time of the scandal‚ Ernst & Young and investment bankers‚ UBS (Freudenheim‚ 2004). At Scrushy’s instruction‚ the company began to artificially inflate its earnings to maintain the market price of company stock. “Between 1999 and the second quarter of 2002‚ HRC intentionally overstated its earnings‚ identified
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The Swiss Banking Industry The Swiss banking industry has been around for more than 250 years‚ making it the cornerstone of the financial sphere. It has however been rapidly changing in the recent years‚ influenced by the latest financial crisis‚ and numerous tax evasion scandals. It has had to change its economic and regulatory conditions as the country’s authorities‚ as well as foreign authorities are demanding for a change in practices. This‚ in turn‚ has put the industry in the spotlight possibly
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the document here. The abstract is typically a short summary of the contents of the document.] Introduction to UB group UB group based in Bangalore‚ is a conglomerate of different companies with a major focus on the brewery (beer) and alcoholic beverages industry. The company markets most of its beer under the Kingfisher brand. The group is headed by Dr Vijay Mallya. The UB Group was founded by a Scotsman‚ Thomas Leishman in 1857. Kingfisher‚ the Group’s most visible and profitable brand
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Switzerland An Economic Overview Abstract Switzerland is one of the most prosperous countries in Europe. With a stable government‚ sound economy and highly skilled labor force and strong tourism‚ Switzerland is driving force in the world economy. However‚ in the coming years Switzerland will face three challenges that threaten their positive economic outlook‚ they are 1) agriculture protectionism‚ 2) Non membership in the EU and 3) aging population. This paper takes a brief look at these
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EX.NO: FOREIGN TRADING SYSTEMDATE:SRSINTRODUCTION This project emphasizes about the Foreign Trade System which is an interface between the Accountholder and the market. In the initial phase details about the various currencies and the profit and loss of currency hold is collected PROBLEM STATEMENT: The practice of currency trading is also commonly referred to as foreign exchange‚ Forex or FX for short.All currency has a value relative to other currencies on the planet. Currency trading
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