Investment banks

The Royal Bank of Canada (RBC) is the largest bank in Canada based on market capitalization. The bank was founded in Halifax, Nova Scotia in 1864 with the name, Merchants’ Bank of Halifax. Throughout the years, it has expanded globally through their offices in Canada, the U.S. and 49 other countries around the world. Royal Bank entered the 1990’s financially stable regardless of the severe economic challenges of the 1980’s. This allowed them to make strategic acquisitions of companies which paved

financial crisis and why was it not prevented by any regulation enforced. The basis of shadow banking system is that it occurs when financial intermediaries conduct transformation of maturity, credit and liquidity without having access to the central bank liquidity guarantees or even public sector credit. Maturity transformation: obtaining short-term funds to

rate of 3.25% (one year), which obviously is very attractive to investors. On the other hand, it usually takes about two days to redeem money from other kinds of investment while Internet finance products like Yu EBao support T+0 real-time redemption (funds or

includes Citizens Bank, is one of the oldest Financial Services firms in the US. Citizens Bank began as High Street Bank in 1828. In 1871 High Street Bank became Citizens Bank and slowly grew until 1988 when it was acquired by The Royal Bank of Scotland, one of the largest and most respected banks in the world. The Royal Bank of Scotland purchased Citizens Bank, as its US division to gain access to the lucrative US markets. Over the next 20 years Citizen’s grew through over 25 bank acquisitions (Fraser

Founded by Sonja Khon in 1994, Bank Medici AG was a bank located in Vienna, Austria. It became incorporated as a bank in 2003. The bank’s president and majority stakeholder is the founder, Sonja Khon. Its major institutional shareholder is Austria’s biggest banking group, Bank Austria Creditansalt. Khon owned three quarters of the stakes (75%) and Bank Austria owned the remainder. Prosecutors from the United States, United Kingdom and Austria investigate Ms. Sonja Khon on her involvement business

Over-the-counter, or OTC, markets are used to trade securities outside of the formal exchange systems that sell different types of derivatives and unlisted stocks. Smaller companies often have their stocks traded on OTC markets because they are not able to meet the extensive requirements of the formal exchanges. These markets are not subject to the same strict regulations as formal stock exchanges and the companies that use them are not required to be as transparent as larger companies trading on

threatens to fail Asset bubble- the price of an asset is pushed to an unreasonably high level due to expectations of further price gains. Financial contagion- a vicious downward spiral among depository banks or shadow banks: each bank 's failure worsens fears and increases the likelihood that another bank will failure. Financial panics- a sudden and widespread disruption of the financial markets that occurs when people suddenly lose faith in the liquidity of financial institutions and markets. leverage-

safer investment than those that beat it. General Description BANK OF AMERICA: The third biggest company in the world and one of the “Big Four banks” in the United States, is a bank holding company and a financial holding company. An institution serving individual consumers, small and middle markets, corporations and Governments with a range of banking, investing and asset management and other products and services. Bank of New York and Mellon Financial Corporation. Bny is the oldest bank of America

American accounting firms audited the Icelandic banks and investment firms which found nothing to be out of the ordinary. Credit rating agencies reported that Iceland was blooming in the economy. Credit rating agencies promoted the banks to the highest possible rating of Triple-A in 2007. Then in 2008 Iceland’s banks collapsed causing countless people to lose their savings. Unemployment tripled in the six months. Government regulators

in the most treacherous investment landscape observed since the great depression. The most notorious issue was the subprime mortgage crisis, which had a ripple effect felt through every market in the world. The banks, whose leverage rate should never have been higher than two times capitalization, surged as high as thirty to forty times market cap. With this level of exposure, any unforeseen market fluctuations could mean disaster. Lehman Brothers, the oldest investment bank on Wall Street, went bankrupt