The U.S. treasury securities market recognizes Goldman as a primary dealer, a special role granted to seventeen bank holding companies in 2008. The goal of the group has inflected over the early 1900’s to about 2000 as a separate investment banking corporation. This would include financial Advisory (mergers and acquisitions, investitures, corporate defense activities, restructurings and spin-offs) and Underwriting (public offerings and private placements of equity, equity-related and debt instruments). Investment banks profit from companies and governments by raising money through issuing and selling securities in the capital markets through both equity and bonds, as well as providing advice on transactions such as mergers and acquisitions. Marcus Goldman created Goldman Sachs in 1896.
(Cleveland and Huertas, vii) Citibank is one of those financial institutions that fulfills the financial needs and wants of the entire nation; it has been doing this since its foundation. Adapting to the challenges of society, this bank is one of the few private institutions that exists and successfully survives since 1812. According to Alfred Chandler, “The history of Citibank is a landmark in the writings of business history” (Cleveland and Huertas, v). Citibank was founded as a mercantile bank in 1812; in 1836 it was the tenth largest commercial bank in New York. Later on, it became the largest bank in the nation by 1890, and by 1920 it was one of the most influential commercial and investment banks that would later diversify into a wide variety of financial services and activities.
American Express: Charge! Table of Contents Case Study Background and summary 3 Main Challenges and issues 4 How to increase market share 4 SWOT ANALYSIS 4 Strengths 4 Weaknesses 4 Opportunities 5 Threats 5 Course of Action 6 Pros 7 Cons 7 Case Study Background and summary Current CEO: Kenneth I. Chenault Founded by Henry Wells and William G. Fargo in 1850 as a delivery service company but quickly evolved into a traveling expenses company. They were the first issuers of plastic charge cards that are widely acceptable (1958). American Express is widely known with their products such as Travelers Cheque, travel charge card and Credit cards including financial services. This International company operates in more than 130 countries with its Main headquarter is located in New York.
Study Case “Wal-Mart and bharti: Transforming retail in India.” Introduction Wal-Mart is an American multinational family-owned business retail corporation that runs chains of large discount department stores and warehouse stores. The company is the world's third largest public corporation, according to the Fortune Global 500 list in 2012. The company was founded by Sam Walton in 1962, incorporated on October 1969, and publicly traded on the New York Stock Exchange in 1972. Wal-Mart has 8,500 stores in 15 countries, under 55 different names.i Bharti Airtel Limited, known as Airtel, is an Indian multinational telecommunications services Company headquartered at New Delhi, India. Founded in 1976 by Sunil Bharti Mittal it operates in 20 countries across South Asia, Africa and the Channel Islands.
Below are some key statistics about the 3 major drugstore chains as of July 2010: 1. Walgreens ranks #1 with market cap of $29.33 Billion, $66.25 Billion in revenue, and S&P rating of A+. According to Walgreens, 75% US population lives within 3 miles from its stores. On Oct 1, 2009, Walgreens opened its 7000-th store in Brooklyn, New York. In April 2010, it acquired 258 Duane Reade drug stores in New York Metropolitan area.
Wells Fargo, headquartered in San Francisco, California, was a company with $349 billion in assets, and a 151 year history of doing business. The Company specialized in providing numerous types of financial services, including banking, insurance, mortgage banking, and consumer finance. Additionally, it participated in the retail, corporate, and commercial banking markets through its subsidiaries. Wells Fargo was a large company, with nearly 20 million customers, 5,000 branches, and 127,500 full-time employees. In April of 2003, Howard Atkins, CEO of Wells Fargo, began to consider the possibility of issuing convertible debt securities.
During the year of 2012, cash used for investing activities of Wendy’s totaled $189 million, increased $131 million from 2011. The two largest investing activities appeared in Wendy’s statement of cash flow are capital expenditures and acquisitions. Cash capital expenditures of Wendy’s in 2012 totaling $197.6 million, including $71.9 million for reimaged and new Image Activation restaurants, $13.5 million for new restaurants, $28.0 million for point-of-sale equipment, $23.2 million for the construction of a new building at its corporate headquarters and $61.0 million for various capital projects. In 2012, Wendy’s acquired 56 franchised restaurants. The purchase price was $38.1 million in cash.
By 1969, there were fifty stores in Charlotte alone. Family Dollar Inc. went public in 1970. The company’s IPO price was $14.50 per share. Adjusting for stock-splits, one current share is equivalent to 162 shares. In 1971, the 100th store opened.
Assignment 1.1 – Business type and ownership The two contrasting businesses I have chosen: * NatWest - Building society bank [National Company with slight international affairs] NatWest NatWest also known as National Westminster Bank is the largest retail and commercial bank in the UK. It is a business which supplies monies to the public in terms of borrowing, it also allows clients to store their own money in a safe bank account. Additionally NatWest also allows business accounts to be created for any big or small businesses. In 2008 NatWest suffered a £20 billion bail-out by the public which made taxpayers have an 84% shareholding in the bank. Type of Business NatWest is classified as a Plc (Public limited Company) because: * It is a bank building society which specialises in property mortgages and public loans * The shares of the bank is freely sold to the public hence why it is on the stock exchange * The business uses taxpayers money to be bailed out hence why it is a publicly owned bank Although it is a public bank, it is also a profit making business.
Haier has 240 subsidiary companies and 30 design centers, plants and trade companies and more than 50,000 employees throughout the world. Haier specializes in technology research, manufacturing industry, trading and financial services. Strategy Development Haier evolved from almost bankruptcy to becoming a globally recognized brand in less than two decades. The company’s development could be divided into four stages: brand building, diversifying, internationalization and global branding. Brand Building Phase (1984-1991) Features: Focusing on refrigerator, Haier explored and gathered experience in corporate management to lay a solid foundation for its later expansion.