Risk Management and Prevention: Case Analysis of HSBC Bank

The Royal Bank of Canada experienced some fundamental managerial errors in May 2003. It was reported as a major “glitch” that had been caused by wrong configuration during the installation process. A simple problem had severely affected the lives of millions of people. In this essay I will discuss the security and control problems such as the simultaneous upgrade of both the main and back-up systems. This will lead into the strategies management could have used to prevent these problems happening in the first place and what they can do differently in future. I will also explain how management neglected the public relations side of the issue which had customers questioning the reliability and stability of Royal Bank of Canada ultimately

Evaluate RBC strategy and organizational structure. Is RBC well equipped to compete with niche operators such as internet-only banks with focused product offerings?

Huntington Bank is an organization that I work for and have had the opportunity to analysis what happens every day as I move forward in my career. This report contains an important cultural analysis of Huntington Bank, and gives insight to people about the elements, the function of the stories, and how the organization has become a culture.

For the small community bank, every action involves an amount of risk. A risk management program, which identifies, analyzes, treats, and monitors risks, is necessary for the bank’s operations. Mitigation strategies are implemented against potential losses or a bank failure. The executive in charge of developing and integrating the program is the Chief Risk Officer (CRO). The risk management program for the community bank addresses ten risks associated with Enterprise Risk Management (ERM) or traditional risk management processes, while attaining risk management goals.

According to various media sources, since 2011, employees (managers, bank managers and case managers) created millions of unauthorized card and bank accounts for their customers. In his interview, former employee Khalid Taha, banker, said “he fielded complaints from customers about questionable accounts until shortly before he left the bank this summer.” He also mentioned that at a 2014 ethics workshop in California, the topic of creaking fake customer counts was discussed and they were warned not to do so. Several former employees spoke of the pressure management placed on them to make sales and if they didn’t meet their quota they were faced with being written up or fired. Due to this

Wells Fargo had expectations that employees must have a high sale of 20 products a day. Employees have been nudged by their superiors to make fraudulent accounts to meet these unreasonable quotas. Once the scandal was known to the public, not only did it damage the trust of their clients, it seems unattractive for new workers to work there, and in the end, the company loses money through penalties and reimbursements. The goals should be (A) Refund 100% every single person affected by the fraudulent accounts and work with clients whose credit scores are likely to decrease because of it, (B) Treat employees as an asset and use positive incentives instead of quotas, and (C) Increase quality of customer service. These are communication goals for the long-term, which should be set in motion to regain trustworthiness and turn back the company name to the original status or

Scenario: You are leading during the second day of the Self Reliant Camp in the Coffin Bay National Park. While exploring in the Pt. Whidbey Wilderness Area during lunchtime, one of the group was bitten by a snake just above the right ankle. They are complaining of pain and nausea, there are two puncture marks on the right foot.

The 5,300 employees offered up as penance for Wells Fargo misdeeds just barely scratches the surface of the heights of those up the management chain that benefitted. For John Stumpf, the Chairman and CEO of Wells Fargo Bank, to claim that this was not result of the “culture” at Wells Fargo Bank is absurd and I feel ashamed to have the ability to claim that I work for him.

After Wells Fargo acquired Wachovia they added 12 different legal issues in three years to their already cumbersome legal actions. Therefore, Wells Fargo had to participate in a transitional and transformational change to help decrease the amount of unethical behavior that Wachovia and Wells Fargo had been participating in. Furthermore, during the changing process Wells Fargo leadership had to take into consideration a plethora of factors to include who needed to change, who was going to oversee the change, what needed to be changed, why the change needed to happen, how the change would happen, the scope and the amount of time the change would need to take place. Until recently, the Wells Fargo organization had

CIBC has focused its core business on retail and business banking, wealth management, and whole sale banking. They have shown a proven track record of providing there customers with financial services and advice through a group upwards of 1100 branches worldwide. Strategies CIBC has portrayed is to continually find new ways to enhance the experience of the client and to stimulate safe revenue growth. CIBC has put emphases on creating deep meaningful relationships with all clients, constantly trying new ways to improve service and sales prospects and to create relationships with new clients while retaining existing clients for a long period of time (CIBC).

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.

In this section, there are two different case studies which is Lloyds Bank Group and the Deloitte. These two cases indicated that how the companies have been confronting the gender issues, while carrying the employee selection function and to what extent the female has been successful in ensuring the desired objectivity.

HSBC is one of the Largest Banking and Financial Services organisations in the world, shares in HSBC holdings plc are held by over 220,000 share holders in 121 countries. HSBC provides a comprehensive range of financial services to more than 100 million customers through four customers an global businesses: Personal Financial Services; Commercial banking: Global banking and Markets: private banking.

1. To what extent is the performance of commercial bank affected by credit risk management?

In 1996, Citibank was an emergent banking institution attempting to increase its market share in the competitive Los Angeles area. In order to do so, the bank’s strategy was to focus slightly less on their financial growth, and much more on providing “a high level of service to its customers”. Management viewed this paradigm shift as “critical to the long term success of the franchise”.