Deutsche Bank Summer Internship Report

They have been able to generate different sources of revenues through commercial banking, credit card and retail financial services, which separates them from competing with some investment banking companies. The accounts, products and features the company offers sometimes have fees which it is willing to waive. Since the company wants the “share of wallet” of high balanced customers, it will take such actions. This action of course has the potential to deepen relationships. In the article by author Charles Keenen he states, “According to Bancography, a consulting firm in Birmingham, Ala., a customer who has just one product with a bank will stick with that bank for about 18 months, but add even one product - a savings account, perhaps - and the average jumps to four years. Customers with three products will stay with the bank for about 6.8 years.”

The bank is different from all other banks and is known as one of the best company to work with because of its youth-oriented policy. It is a market-savvy private sector bank with a youthful image: the average age of its 37,901 employees

There are various categories of banking; these include retail banking, directly dealing with small businesses and persons. Commercial and Corporate banking which offers services to medium and large businesses (Koch & MacDonald 2010). Private banking, deals with individuals, offering them one on one service. The last category is investment banking. These help clients to raise capital and often invest in financial markets. Most global banking institutions provide all these services combined. With all these institutions in existence within the same localities and offering similar services, there is a need to regulate the industry so as to protect the consumer and provide fair working environment for all banks (Du & Girma, 2011).

Welcome to the service audit report on Bell State Bank and Trust, a locally originated bank that was formerly known as State Bank and Trust of Fargo. This report covers the business model of Bell State Bank and Trust and focuses exclusively on the service marketing aspect of the business. In the beginning of the report I have provided a general overview of the banking industry. This part is important in understanding and comprehending the level of progress or shortcomings of the subject bank. By realizing how fast the banking sector is progressing, it gives us a reference point to analyze the progress of Bell State Bank. I have also discussed the competitive environment of the bank. In this section I realized that Bell State was one of those financial institutions that is hard to classify as it has smaller roots and is close to its origins, however it has a huge asset of $3 Billion that transcends the limits of small regional banks. The firm’s competitive advantages highlight that the firm prides itself in its community ties. It is these ties that have led to the banks local sourcing of employees, philanthropy, past growth and public image.

11. Peter J. Wallison. Hidden in Plain Sight. New York, NY: Encounter Books, 2015, 17. the major functions provided by big banks into different organizations be reconsidered?12

The bank sells service in the industrial, commercial and real estates. It also offer services in the retail banking and manage treasury for its clients. The services offered by the bank are a commodity because the clients sort these services to satisfy a need that they have.

Wells Fargo is an international banking company that provides financial services to its customers. As an international, well known company, Wells Fargo is among the many that follow basic business management aspects. For one, Wells Fargo has a competitive advantage over some of the other companies in this type of business. For one, Wells Fargo major advantages is in the retail banking stores. It has one of the highest numbers in stores/spaces and it’s due to its large network allowing Wells Fargo to be a leader in retail banking. Another advantage this company has is the fact that is has had some changes in regulation which has allowed it to increase profits.

Bank of America Corporation (BOFA), comprised of Bank of America and Merrill Lynch, is a multinational company that provides financial services to “people, companies, and institutional investors.” (Bank of America's Strategy of Responsible Growth, 2017) In the U.S. BOFA serves all three customer groups, and outside the U.S. BOFA “serves larger companies and institutional investors. This business model simplifies our operations and reduces our risk profile.” (Bank of America's Strategy of Responsible Growth, 2017) Within the three pillar strategy points, BOFA seeks to aid people, companies, and institutions with their financial needs to obtain the largest customer exposure. Personal banking and wealth-management services assist the individual

The opinion of the author will not be influenced by any respondent including Bank X.

Before entering another business sector, SCF needed to contemplate the business area and adjust their operational technique to the nearby needs. Every nation had diverse ways to deal with managing an account. Santander Consumer Finance confronts diverse classes of risks inside of every homeland it ventures. Furthermore, the difficulties are distinctive relying upon the nation as a result of the principles and regulations that every nation enforces in their financial and banking scheme. They confront a considerable measure of social dangers because of the way that each nation has their own particular custom and method for doing things. However, they need to ensure they research and study the nation well before they put resources into it with a specific end goal to make the privilege operational methodologies and enter the nation adequately in a way that matches the nation's method for working

Bank of America Corporation. Operates as a bank company that provides banking and nonbanking monetary services and merchandise through its banking and numerous nonbanking subsidiaries throughout the US and insure international markets. It operates through 5 segments: client & Business Banking, client land Services, world Banking, world Markets and world Wealth & Investment Management. The buyer & Business banking section offers a wide-ranging vary of credit, banking and investment merchandise and services to shoppers and businesses. Its merchandise embody ancient savings accounts, market savings accounts, CDs, IRAs, noninterest- and fixed costs checking accounts and investment accounts. The client the buyer the patron land Services section provides an in depth line of consumer land merchandise and services to customers nationwide. Its merchandise embody fixed- and adjustable-rate first-lien mortgage loans for home purchase and refinancing wants, HELOC and residential equity loans. The worldwide Banking section provides a variety of lending-related merchandise and services, integrated capital management and treasury solutions to purchasers, and underwriting and consultative services. The worldwide Markets section offers sales and commerce services, which has analysis to institutional purchasers across mounted financial gain, credit, currency, goods and equity businesses. The worldwide Wealth & Investment Management section

The Awards were presented by the Asian Bankers Association (ABA) and Bank Marketing Association of the Philippines (BMAP) in the Asia Pacific Bankers Congress (APBC) 2004 on March 26, 2004 in Manila, Philippines.

Lately, the international financial integration has increased. Over the years, the world economy has witnessed an increase in the number of individuals and businesses using international banking services. In today’s competitive global economy banks have the option to solely service their home market, to export services to foreign markets, or to establish a presence in that market. Essentially, banks have two options of expanding their operations in foreign markets. They can either service foreign clients through their domestic offices or they can establish a presence in the foreign markets. In general, the reasons for bank internationalization in

The segment’s deposit volume worldwide at 31 December 2007 amounted to euro 5,732 million and therefore 0.8 % lower than the figure recorded one year earlier. The main success factors for investment fund business were the exclusive certificates introduced in the previous year and the new fund-of-funds product concept “Comfort Invest”. The unabated trend towards private old-age pension arrangements by making regular transfers to investment funds also had a positive impact. In order to meet the growing advisory needs of customers, the range of services on offer in Germany was expanded accordingly, including the opportunity for customers to obtain investment advice by telephone. By the year-end, the number of customer deposit accounts had increased by 6.0 % to 31,801.

Over the last few decades, private banking has become one of the most important sectors among the financial services industries. Private banking has shown a significant growth during the last decade with increasingly changes as a result of the development of the clients’ economical and demographical needs and expectations. Accordingly, there was a diversification in terms of the products and services offered to customers.