Alan Greenspan had massive influence on the economy when he was the chairman of the reserve he set the tone of the economy when the Federal Reserve met, and that was mostly done by regulating interest rates. After Alan Greenspan retired in 2006 many economist came out and blamed Greenspan for keeping the interest rates to low between 2001 to 2005 in which caused the housing crisis in 2007. (Federal Reserve
Gerstner became a close, trusted confidant to Robinson. So, it made perfect sense for Robinson to hire Lou Gerstner to revive the fledgling TRS business once Robinson took over as chairman and CEO of American Express. In 1978, Gerstner left McKinsey to join AMEX and head the charge card division as an executive vice president. During his ten years with AMEX, he became president of the parent company and chairman and CEO of American Express Travel Related Service Company. During his tenure at AMEX membership increased from 8.6 million to 30.7 million.
It reviews key theories of economic regulation, and defines the theories relevance. Andrei Shleifer is a Russian American Economist; he was ranked the most influential economist in the world according to IDEAS/RePEC. Shleifer is also ranked number one for the most cited Scientists in Economics and Business. He is a Project director of the Harvard Institute for International developments Russian aid project. Table 1 Currency | Article was written in 2004Published by Blackwell Publishing Ltd. | Reliability | Russian American EconomistProject director of the Harvard Institute for International Development's Russian aid projectawarded the John Bates Clark Medal, which was then awarded every two years to the most promising US economist under 40obtained his B.A.
SAN DIEGO STATE UNIVERSITY College of Business Administration Finance 656 Fall 2013 Impact of Dodd-Frank Wall Street Reform and Consumer Protection Act on Goldman Sachs Group, Inc. II Contents Contents 1 2 Introduction ................................................................................................................. 1 Impact Analysis ........................................................................................................... 2 2.1 2.2 2.3 2.4 Transparency and Accounting for Derivatives.................................................... 2 Improvements to Bank and Thrift Regulations ................................................... 3 Ends too Big to Fail Bailouts .............................................................................. 5 Securitization ....................................................................................................... 6 References ............................................................................................................................ 8 1 Introduction 1 Introduction The Goldman Sachs Group, Inc. (further mentioned as GS) is a leading global investment bank, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. GS reports activities in the following four business segments: Investment Banking, Institutional Client Services, Investing & Lending and Investment Management. The institution provides mergers and acquisitions advice, underwriting services, asset management, and prime brokerage to its client. The bank also engages in market making and private equity deals, and is a primary dealer in the US Treasury security market.1 The Dodd–Frank Wall Street Reform and
Born on July 23, 1936 in Sacramento California. Anthony McLeod Kennedy was the second child born to Anthony J. Kennedy and Gladys McLeod. His father started as a dock worker in San Francisco then worked his way through law school to form himself as a lawyer and lobbyist in the California legislature and his mother was active in civic affairs (Grimm, French, and Pak). Since a young age he came in contact with outstanding politicians and developed sympathy for the whole world of government and public service. An honor student for his high school years at McClatchy High School in Sacramento, California, Kennedy graduated in 1954(Grimm, French, and Pak).
This International company operates in more than 130 countries with its Main headquarter is located in New York. They have approximately 63,500 employees as of 2013. American Express competes in a highly competitive industry, where all the major players are already firmly established and branded in the U.S. After the change in policy that grants the ability for AmEx to issue cards from banks in conjunction with Visa and Master Card, this will list several different challenges for Mr. Chenault (American express CEO) in trying to persuade consumers to use Amex cards. First, He needs to get his cards to the consumer, and then convince them to spend more using their AmEx cards. The market is already saturated, therefore making in difficult to introduce the same product that everybody has already, while the main concern is trying to increase its market share against Visa and MasterCard (which has a total of 79% of the card market) and continuing to strengthen its financial services Main Challenges and issues How to increase market share SWOT ANALYSIS Strengths General management • Solid tested Organizational structures • Positive Brand image with high
Three years later, he graduated from the Harvard Law School. Chenault began working at the law firm of Rogers & Wells in New York City following his graduation from Harvard. He soon moved on from the firm. After a brief stint in legal practice, he joined Bain & Company as a consultant. American Express Chenault joined American Express in 1981.
Headquarters of the company was in New York with offices in 12 main cities in US and 13 cities worldwide (London, Hong Kong, Tokyo, Singapore etc.) In 2005-2007 Bear Stearns was named “Most Admired” securities firm in Fortune’s “America’s Most Admired Companies” survey, and second overall in the security firm section. As of November 30, 2006, the company had total capital of approximately $66.7 billion and total assets of $350.4 billion. According to the April 2005 issue of Institutional Investor magazine, Bear Stearns was the seventh-largest securities firm in terms of total capital. As of November 30, 2007, Bear Stearns had notional contract amounts of approximately $13.40 trillion in derivative financial instruments, of which $1.85 trillion were listed futures and option contracts.
This job made him the most powerful economist in United States. His experience in this position led him to give the theory of price control. His love for writing made him join fortune magazine as an editor in 1943. In 1945, he was inducted as director of the U.S. Strategic bombing Survey and was subsequently awarded the Presidential Medal of Freedom. In 1947, he co-founded the ‘Americans for Democratic Action’.
Wells Fargo operates in the broadly-conceived banking industry; competitors include JP Morgan Chase, Bank of America, Citigroup, and US Bancorp. Wells Fargo reports in three different lines of business: Community Banking, Wholesale Banking, and Wells Fargo Financial. The core of Well’s strategy is “cross-selling”; It has an overall goal of 8 products per banking relationship. The Wachovia-Wells Fargo merger made wells now nationwide scope. Industry life cycle: Mature.