Hong Leong Bank Mission Statement

The banking industry has undergone major upheaval in recent years, largely due to the lingering recessionary environment and increased regulatory environment. Many banks have failed in the face of such tough environmental conditions. These conditions

Since the onset of the financial crisis 2008, the sovereign debt crisis in western economies and the new financial regulation with Basel III coming up, the financial industry faces the challenge of reinventing itself. The ring-fence for Commercial and Investment Banking, and new economic and regulatory capital requirements will determine the kinds of products banks will be able to distribute. It will have a huge impact in the Investment Banking business, which will suffer tough regulation and supervisory procedures. At the same time, credit risk models will be reviewed because they have failed to predict the crisis of 2008. The current financial and economic crisis doesn’t have any precedent in the past.

We all know from our course that leverage and liquidity risks of financial institutions are vulnerable to the crisis. The financial crisis that emerged in 2007 had many and varied causes, but one of its most

Legacy Financial Group is a full-service financial services firm that is located in Albuquerque, New Mexico. Legacy Financial Group was established in 1994. Their services include financial, insurances, and tax and accounting services. Their financial services include values based financial planning, retirement planning, asset management, and college education funds. Legacy Financial Group has managed over 155 million worth of assets.

The recent financial crisis has a huge impact on systemic Important Financial Institutions; it’s distressing effect can be felt in almost every business area and process of a bank. A fairly large literature investigates the impact of financial crisis on large, complex and interconnected banks. The great recession did affect banks in different ways, depending on the funding capability of each bank. Kapan and Minoiu (2013) find that banks that were ex ante more dependent on market funding and had lower structural liquidity reduced supply of credit more than other banks during crisis. The ability of banks to generate interest income during the financial crisis was hampered because there was a vast reduction in bank lending to individuals and

Extensive research has determined that the banking industry is in an unstable state. The industry’s profits have

“ Our mission is to be a Premier Bank in the Asia- Pacific region, committed to providing Quality Products and Excellent Customer Service.”

Banking industry is currently operating in the maturity stage. There are many players as a result of which the competition is quite high. Competition is broadly based on the levels of fees charged, reputation, the range of services and products provided. As the industry consolidates and the range of services broadens, the size and geographic spread of industry players in increasing. Providing a high set of barriers is the capital and regulatory requirements within the banking sector. Entities that want to start up as a commercial bank and/or investment bank or securities dealer face significant establishment costs in order to gain acceptance and meet market reputation. Furthermore, start-ups require up-front expenses in order to establish proper distribution channels. Globalization is high and the trend is increasing. Cross-border sales and acquisitions of banking operations are also occurring, as assets are shuffled in the race to raise capital.

The banking industry is highly competitive. The financial services industry has beenaround for hundreds of years and just about everyone who needs banking servicesalready has them. Because of this, banks must attempt to lure clients away fromcompetitor banks. They do this by offering lower financing, preferred rates andinvestment services. The banking sector is in a race to see who can offer both the

Bank of America is a multinational level bank that offers both the normal bank and financial services. It is a corporation that has its headquarters in Charlotte in North Carolina. Being a company that rates twenty-first in terms of size, and the second biggest bank in America, it offers its services to both the citizens and institutions such as corporations, organizations and governments among others. The bank dates its roots way back to 1904 when an Italian immigrant founded it by the name Amadeo Giannini. Through veteran employee's hard work and discipline, the bank has risen to an asset base of more than two trillion dollars.

Although New Century Financial business risks involved a great portion of internal mistakes, external factors such as Federal Reserve’s monetary policy played a significant role in deterioration of business opportunities for the New Century Financial Corporation. The baseline interest rates were increased sharply in 2006 from 1.5 % to more than 5 %. Although such a hike in the interest rates had been forecasted and anticipated since2003, the New Century Financial did consider the flagship of tightening monetary policy. The increase in interest rate affected New Century Financial in the way that the company’s assets became riskier and more prone to financial distress. Increased exposure of New Century Financial Corporation’s assets to the risks

While the US financial crisis hurt many in the overall economy, banks enjoyed the increase in business that accompanied the revolution in oil extraction technologies (Bonner, 2014). This is in particular true for North American banks at a time when overall borrowing of the economy has decreased over the past few years (Corkery & Eavis, 2015). However, recent events in the industry have led oil prices to plummet and

Private banks, regardless of where they operate all over the world, also facing similar demands arise from the

been rapidly declining profitability of the traditional banking activities. Thus, in a bid to survive and

mechanisms in the last decade in both developed and developing nations. The banking sector in