The japanese banking chessboard 20130606
•
0 likes•285 views
The Japan banking industry has a low rating for mergers and acquisitions capacity, similar to Eurozone banks. There is only one major Japanese bank with real ability to pursue deals based on strength. The banking industry in Japan needs transformation, and business combinations aimed at restructuring balance sheets would be the healthiest development, as the current situation risks leaving the entire industry struggling if problems are not addressed.
Report
Share
Report
Share
Recommended
445 jp banking
The document summarizes Japan's financial system and the causes of its 1990s banking crisis. It describes key aspects of Japan's bank-dominated system such as the role of the Ministry of Finance and keiretsu groups. It then analyzes factors like the Plaza Accord, real estate and stock market speculation, and changes in monetary policy that contributed to the crisis. Finally, it discusses Japan's "Big Bang" deregulation of 2001 and its 2009 "New Plan" of debt moratoriums, which aimed to encourage more lending but risked increasing debt repudiation.
Stock market investing
Stocks are considered among many investors as fundamental for return-on-investment. This is especially the case over the long run, where average returns surpass those of bonds. Investing in the stock market is not as easy as it may seem and often involves an elaborate understanding of business, market and economic influences in order to be financially successful.
How stock market impact on economy
This document discusses the relationship between stock markets and economic growth. It presents several ways that stock markets can positively impact an economy:
1) Through foreign direct investment and increased market liquidity. Foreign investment fuels growth and larger markets allow for easier trading.
2) By increasing confidence and optimism among investors. Positive economic news encourages investing while negative news discourages it.
3) By influencing interest rates set by the government. Lower interest rates motivate investing in the stock market rather than saving.
4) By serving as a barometer of the nation's fiscal health. The stock market reflects the overall economic trends and shifts in a country.
The Investment Climate for Japanese Manufacturing MNCs in Asia: ICSEAD's In...
The Investment Climate for
Japanese Manufacturing MNCs in Asia:
ICSEAD's Index for Ranking Locations in 2006-2009
Monthly Market Perspective - June 2016
The drivers of short-term market moves can be vastly different from those which underpin the cycles of longer-term market direction. This month we examine a variety of these factors.
Chapter 1
This document introduces topics that will be covered in a course on financial markets and institutions. It provides an overview of why these topics are important to study, including how financial markets and interest rates impact individuals, businesses, and the economy. The three main financial markets discussed are the bond market, stock market, and foreign exchange market. The roles of the Federal Reserve, central banks, and other financial institutions are also introduced. The document outlines how the course will use analytical frameworks, case studies, problems, and web exercises to explore these concepts.
money market and capital market
The document discusses money markets and capital markets. It defines money markets as dealing with short-term lending of less than one year, such as treasury bills, commercial bills, certificates of deposit, and repurchase agreements. Capital markets deal with longer-term investments like bonds and equities. The capital market has a primary market for new stock issues and a secondary market for existing securities, like the stock exchange, which provides liquidity.
Small Business Loans - Move Over Banks, The Non Bank Lenders Are Here
Why the Banks Don't Lend ot Small Business and Who Are the Non Bank Lenders that are Lending to Small Business
Recommended
445 jp banking
The document summarizes Japan's financial system and the causes of its 1990s banking crisis. It describes key aspects of Japan's bank-dominated system such as the role of the Ministry of Finance and keiretsu groups. It then analyzes factors like the Plaza Accord, real estate and stock market speculation, and changes in monetary policy that contributed to the crisis. Finally, it discusses Japan's "Big Bang" deregulation of 2001 and its 2009 "New Plan" of debt moratoriums, which aimed to encourage more lending but risked increasing debt repudiation.
Stock market investing
Stocks are considered among many investors as fundamental for return-on-investment. This is especially the case over the long run, where average returns surpass those of bonds. Investing in the stock market is not as easy as it may seem and often involves an elaborate understanding of business, market and economic influences in order to be financially successful.
How stock market impact on economy
This document discusses the relationship between stock markets and economic growth. It presents several ways that stock markets can positively impact an economy:
1) Through foreign direct investment and increased market liquidity. Foreign investment fuels growth and larger markets allow for easier trading.
2) By increasing confidence and optimism among investors. Positive economic news encourages investing while negative news discourages it.
3) By influencing interest rates set by the government. Lower interest rates motivate investing in the stock market rather than saving.
4) By serving as a barometer of the nation's fiscal health. The stock market reflects the overall economic trends and shifts in a country.
The Investment Climate for Japanese Manufacturing MNCs in Asia: ICSEAD's In...
The Investment Climate for
Japanese Manufacturing MNCs in Asia:
ICSEAD's Index for Ranking Locations in 2006-2009
Monthly Market Perspective - June 2016
The drivers of short-term market moves can be vastly different from those which underpin the cycles of longer-term market direction. This month we examine a variety of these factors.
Chapter 1
This document introduces topics that will be covered in a course on financial markets and institutions. It provides an overview of why these topics are important to study, including how financial markets and interest rates impact individuals, businesses, and the economy. The three main financial markets discussed are the bond market, stock market, and foreign exchange market. The roles of the Federal Reserve, central banks, and other financial institutions are also introduced. The document outlines how the course will use analytical frameworks, case studies, problems, and web exercises to explore these concepts.
money market and capital market
The document discusses money markets and capital markets. It defines money markets as dealing with short-term lending of less than one year, such as treasury bills, commercial bills, certificates of deposit, and repurchase agreements. Capital markets deal with longer-term investments like bonds and equities. The capital market has a primary market for new stock issues and a secondary market for existing securities, like the stock exchange, which provides liquidity.
Small Business Loans - Move Over Banks, The Non Bank Lenders Are Here
Why the Banks Don't Lend ot Small Business and Who Are the Non Bank Lenders that are Lending to Small Business
Thought for the week 276
This document discusses the outlook for the US stock market and economy. It argues that the US is in the early stages of an economic recovery and secular bull market for stocks. As evidence, it notes that small cap stocks have significantly outperformed large caps recently due to stronger earnings, which is typically a leading indicator of continued economic growth. The document urges investors to focus on long-term economic fundamentals rather than short-term noise when investing.
A project report on technical analysis at cement sector in share khan
This document provides an overview of the stock market and technical analysis. It discusses key aspects of the industry such as the purpose of stock markets in allowing companies to raise capital and investors to trade shares. It also describes common activities like short selling, margin buying, and different investment strategies. Technical analysis is defined as studying past price movements to predict future trends, as opposed to fundamental analysis which examines financial statements and company performance. The document concludes with a brief company profile of Sharekhan, a retail broking firm in India.
Seminar 5 understanding financial statements i
The document provides an agenda for an introductory seminar on understanding financial statements. It will cover balance sheets, income statements, and statements of cash flows. Attendees will learn to analyze these statements to understand a company's financial position and performance, and how the numbers tell the story of the industry and business operations. The seminar will help attendees compare companies and evaluate their historical and future financial prospects.
ABFER Research Digest 2013
The Asian Bureau of Finance and Economic Research is pleased to present its first Digest. This Digest summarizes selected papers presented in the inaugural ABFER Annual Conference 2013 (http://www.abfer.org/programme.html).
Merrill lynch
This document provides an overview of how to read a company's annual financial report. It explains that the main components typically include a Letter to Shareholders, Business Review, and Financial Review. The Financial Review contains a Management's Discussion and Analysis and Audited Financial Statements including the Balance Sheet, Income Statement, Statement of Cash Flows, and Statement of Changes in Shareholders' Equity. Sample financial statements are presented for a fictional company called Typical Manufacturing Company to illustrate how to read and analyze each statement. Key terms are defined throughout to aid understanding of the financial reports.
investment and portfolio management slides by ihtsham ali
market efficency hypotheses..uploaded by ihtsham ali,University of south asia, Pakistan.further details ihtsham_ali@yahoo.com
Independent Study_Preferred stock in US and JP_TKanamori
1) The document discusses differences in the use of preferred stock between venture capital markets in Japan and the US. While preferred stock is commonly used in US startups, it only accounts for 10-17% of deals in Japan.
2) Some key reasons for this include the complexity of preferred stock terms, lack of expertise and standard contracts/terms in Japan, and Japanese VCs traditionally focusing on IPO exits rather than M&A.
3) The document suggests that industry organizations could help by releasing standard preferred stock contracts and educating startups and VCs. Deregulation and policies to promote competition among VCs may also encourage more innovative and risk-taking behaviors.
Shifts in the Japanese Economy and the Potential Impact on EU Japan Investmen...
This document discusses shifts in the Japanese economy and their potential impact on EU-Japan investment from the perspective of the financial sector. It notes that the size of Japanese financial markets provides opportunities for cross-border investment. While financial regulations have improved, further constructive dialogue is needed. Data shows an increase in cross-border capital flows between Japan and other regions like Europe. Loose monetary policy and public financing needs may drive more foreign investment and collaboration.
Japan’s Middle Market: Crucial. Competitive. Concerned.
The latest EIU report on Japan’s Middle Market examines the characteristics of Japan’s middle market, gauges the sentiment of senior managers at mid-market firms, examines the key challenges they face in growing and seizing opportunities abroad, and identifies the factors differentiating those that have grown steadily in recent years from those that have struggled. Download the full report for free at http://bit.ly/169TZRb
Japan_Equity_Strategy
1. The author is neutral on Japan in global portfolios but underweight in Asia Pacific portfolios for Q4 2016 due to expectations of Japanese yen strength. However, risks are skewed to the upside if inflation expectations rise in early 2017 as expected.
2. Valuations in Japan are compelling but earnings need a catalyst to escape the "value trap". Inflation is key to unlocking domestic demand and earnings potential.
3. Monetary policy in Japan is expected to maintain negative rates and bond purchases, possibly implementing a "twist" to steepen the yield curve. Fiscal policy coordination may occur in the future.
Do business in japan
This document provides an overview of doing business in Japan. It discusses Japan's country profile, political and legal system, economic environment, and key factors for success. The document is a lecture presentation on international business in Japan, containing an introduction, 10 sections on various topics, and references. It aims to educate students on business challenges and strategies for the Japanese market.
Shinobi II
The document discusses an investment strategy for the Japanese equity market called "Guerilla Warfare". Some key points:
- Momentum investing in Japan by buying the worst performing stocks and shorting the best could double returns during periods when the overall market was halving.
- The strategy focuses on quantitative, technical, and fundamental research to choose stocks rather than relying on a single methodology.
- Risk is controlled by limiting position sizes and industry exposures. Real-time attribution is used to analyze returns.
- The strategy aims to take advantage of situations where the market misprices stocks by not fully understanding businesses or accounting issues.
Asset Management White Paper
The document discusses the growth of Singapore's asset management industry since the Global Financial Crisis. It notes that total assets under management in Singapore grew from SGD 344 billion in 2002 to SGD 1.34 trillion in 2011, representing a compound annual growth rate of 14.6% during this period. The number of investment professionals in Singapore more than tripled over the same time frame. The document also examines challenges currently facing the industry such as increased regulation and competition. It provides an overview of external asset managers and asset management software providers active in Singapore.
INT 220 Business Brief Template Course Project.docx
INT 220 Business Brief Template
Course Project
Section One: Drivers for Global Entry
Going global would afford the company many benefits including increased sales and revenues. Japan is a developed market and thus the purchasing power of the consumers is high, which implies that many consumers will be able to purchase our products. Expanding to Japan will enable increased profits that can be reinvested in research and development of new technology and innovation that will create a competitive advantage for both domestic and international market. In addition, entering the foreign market will help the business to tap into new market segment. According to International Data Corporation (IDC), Apple was the largest smartphone brand in 2020 in Japan with a 47.3 percent market share (Sudarshan, 2021). The data shows that Japan would be an ideal market for quality phone cell cases due to high purchase of smartphones. Therefore, the company will benefit from increased sales and profits.
Section Two: Market Profile
Cultural Profile
CategoryUnited StatesJapan
Commonly Spoken Languages
English
Japanese
Commonly Practiced Religions
Christianity
Shinto
Power Distance Index (PDI)
40
54
Individualism Versus Collectivism (IDV)
91
46
Masculinity Versus Femininity (MAS)
95
62
Uncertainty Avoidance Index (UAI)
92
46
Long-Term Orientation Versus Short-Term Normative Orientation (LTO)
88
26
Indulgence Versus Restraint (IVR)
42
68
Political and Economic Profile
CategoryUnited StatesJapan
Political System
Representative democracy
Constitutional monarchy
Current Leaders
Joseph Biden president
Fumio Kishida prime minister
Economic Classification
Developed
Developed
Economic Blocs Impacting Trade
World trade organization
World trade organization
Gross Domestic Product
23 trillion USD
4.9 trillion USD
Purchasing Power Parity
22,996.08
100.412
Gross Domestic Product Per Capita
69,287.54 USD
39,285.16 USD
Human Development Index
Very high 0.921
0.919
Human Poverty Index
$26,246 for a family of four
Poverty headcount ratio at $5.50 a day
In terms of economic development, both countries have developed economy, thus making them ideal for business. Consumers have high purchasing power which means that they are able to purchase new products. US has a higher GPD compared to Japan, however, this can be attributed to the size and population of U.S. compared to that of Japan. Furthermore, both countries are members of World Trade Organization, which means that their trade operations with other nations are regulated and subject to WTO regulations. The culture in Japan is hugely different then the culture in America. Americans are self-motivated while the Japanese culture embraces more of a group mentality and looks for approval from their superiors before making big decision. Both cultures work long hours and take very little breaks. For the most part Japanese culture is more formal in the work place then in the U.S.
Section Three: Market Consideratio.
Gsk nigeria deal-a_reflection_of_weak_market_depth
The document discusses investor sentiment in Nigeria's equity market following GlaxoSmithKline's acquisition deal, which mirrors issues that arose from the Nigerian Bottling Company delisting in 2010. It notes the market lacks depth outside of banks and a few large companies. For the market to reach its $1 trillion target, mergers and acquisitions need strong regulation and to adopt global standards to attract more foreign investors. Currently retail investors are wary of the GSK deal terms and timelines. Overall the market requires structural reforms and diversification with more utility sector listings to develop sustainably.
Market Concentration – ODAGIRI – June 2018 OECD discussion
Market Concentration – ODAGIRI – June 2018 OECD discussionOECD Directorate for Financial and Enterprise Affairs
This presentation by Hiro Odagiri, Professor, Department of Economics, Hitotsubashi University, was made during the discussion “Market Concentration” held at the 129th meeting of the OECD Competition Committee on 7 June 2018. More papers and presentations on the topic can be found out at oe.cd/2gw.A review of the psychology of the capital market in an emerging economy
This document summarizes a research journal article about the psychology of investors in the Nigerian capital market. It discusses how between 2004-2007, the stock market experienced strong gains as billions of funds entered from many types of investors. Returns averaged 54% annually during this period. However, from 2008-2009, the market sharply declined over 70% as the bull market ended. The document examines how most of the losses were experienced by new investors attracted by the rapid gains. It suggests that investment decisions were often driven by crowd sentiment and emotions rather than fundamentals. A survey was conducted to understand the psychological inclinations of Nigerian investors and how the market functions more as an expression of feelings than a rational system.
Investor presentation
This document summarizes the financial projections and business plan for A La Carte Charts LLC, a proposed social network for investors. It projects rapid revenue growth from $4.3 million in year 1 to $17.9 million in year 5. It also projects strong profit margins, with net profit projected to reach $7.7 million in year 5. The document outlines the company's mission to provide investors with educational resources and an up-to-date social platform. It analyzes the market opportunity among self-directed investors and compares the company's projected valuation to similar platforms.
The banking chessboard 20130703
PHIMARK BV is a private Dutch firm providing financial investment services, including rating services from a Mergers&Acquisitions perspective.
Third point-q1-2013
This document is a quarterly investor letter from Third Point providing an update on portfolio performance and positions. In Q1 2013, Third Point delivered solid risk-adjusted returns primarily from event-driven opportunities in Yahoo, financials, and various single-name stocks. The letter discusses in depth two core equity positions - International Paper, a packaging company benefiting from industry consolidation; and Liberty Global, a European cable company that recently acquired Virgin Media. Third Point also highlights the strong performance of its Japanese macro trade and structured credit portfolio.
Who should worry about government debt 20130921
The document discusses government debt and currency competition. It argues that balance sheets, not just gross debt amounts, should be considered when assessing a government's debt situation. It also suggests that the euro could become the dominant global currency, surpassing the US dollar, due to the euro's relatively low borrowing costs. Critics of the euro from the US and some EU countries frequently attack it out of fear the euro will overtake the dollar as the world's leading currency.
The banking chessboard 20130909
The document provides an overview of the global banking industry as of September 2013, including market capitalization, assets managed, and average leverage ratio. It then lists the top 10 acquirer banks, performer banks, banks with management changes, banks that are acquisition targets, and distressed banks based on ratings from Phimark BV. Several banks saw rating changes or closures over the previous months.
More Related Content
What's hot
Thought for the week 276
This document discusses the outlook for the US stock market and economy. It argues that the US is in the early stages of an economic recovery and secular bull market for stocks. As evidence, it notes that small cap stocks have significantly outperformed large caps recently due to stronger earnings, which is typically a leading indicator of continued economic growth. The document urges investors to focus on long-term economic fundamentals rather than short-term noise when investing.
A project report on technical analysis at cement sector in share khan
This document provides an overview of the stock market and technical analysis. It discusses key aspects of the industry such as the purpose of stock markets in allowing companies to raise capital and investors to trade shares. It also describes common activities like short selling, margin buying, and different investment strategies. Technical analysis is defined as studying past price movements to predict future trends, as opposed to fundamental analysis which examines financial statements and company performance. The document concludes with a brief company profile of Sharekhan, a retail broking firm in India.
Seminar 5 understanding financial statements i
The document provides an agenda for an introductory seminar on understanding financial statements. It will cover balance sheets, income statements, and statements of cash flows. Attendees will learn to analyze these statements to understand a company's financial position and performance, and how the numbers tell the story of the industry and business operations. The seminar will help attendees compare companies and evaluate their historical and future financial prospects.
ABFER Research Digest 2013
The Asian Bureau of Finance and Economic Research is pleased to present its first Digest. This Digest summarizes selected papers presented in the inaugural ABFER Annual Conference 2013 (http://www.abfer.org/programme.html).
Merrill lynch
This document provides an overview of how to read a company's annual financial report. It explains that the main components typically include a Letter to Shareholders, Business Review, and Financial Review. The Financial Review contains a Management's Discussion and Analysis and Audited Financial Statements including the Balance Sheet, Income Statement, Statement of Cash Flows, and Statement of Changes in Shareholders' Equity. Sample financial statements are presented for a fictional company called Typical Manufacturing Company to illustrate how to read and analyze each statement. Key terms are defined throughout to aid understanding of the financial reports.
investment and portfolio management slides by ihtsham ali
market efficency hypotheses..uploaded by ihtsham ali,University of south asia, Pakistan.further details ihtsham_ali@yahoo.com
What's hot (6)
A project report on technical analysis at cement sector in share khan
A project report on technical analysis at cement sector in share khan
investment and portfolio management slides by ihtsham ali
investment and portfolio management slides by ihtsham ali
Similar to The japanese banking chessboard 20130606
Independent Study_Preferred stock in US and JP_TKanamori
1) The document discusses differences in the use of preferred stock between venture capital markets in Japan and the US. While preferred stock is commonly used in US startups, it only accounts for 10-17% of deals in Japan.
2) Some key reasons for this include the complexity of preferred stock terms, lack of expertise and standard contracts/terms in Japan, and Japanese VCs traditionally focusing on IPO exits rather than M&A.
3) The document suggests that industry organizations could help by releasing standard preferred stock contracts and educating startups and VCs. Deregulation and policies to promote competition among VCs may also encourage more innovative and risk-taking behaviors.
Shifts in the Japanese Economy and the Potential Impact on EU Japan Investmen...
This document discusses shifts in the Japanese economy and their potential impact on EU-Japan investment from the perspective of the financial sector. It notes that the size of Japanese financial markets provides opportunities for cross-border investment. While financial regulations have improved, further constructive dialogue is needed. Data shows an increase in cross-border capital flows between Japan and other regions like Europe. Loose monetary policy and public financing needs may drive more foreign investment and collaboration.
Japan’s Middle Market: Crucial. Competitive. Concerned.
The latest EIU report on Japan’s Middle Market examines the characteristics of Japan’s middle market, gauges the sentiment of senior managers at mid-market firms, examines the key challenges they face in growing and seizing opportunities abroad, and identifies the factors differentiating those that have grown steadily in recent years from those that have struggled. Download the full report for free at http://bit.ly/169TZRb
Japan_Equity_Strategy
1. The author is neutral on Japan in global portfolios but underweight in Asia Pacific portfolios for Q4 2016 due to expectations of Japanese yen strength. However, risks are skewed to the upside if inflation expectations rise in early 2017 as expected.
2. Valuations in Japan are compelling but earnings need a catalyst to escape the "value trap". Inflation is key to unlocking domestic demand and earnings potential.
3. Monetary policy in Japan is expected to maintain negative rates and bond purchases, possibly implementing a "twist" to steepen the yield curve. Fiscal policy coordination may occur in the future.
Do business in japan
This document provides an overview of doing business in Japan. It discusses Japan's country profile, political and legal system, economic environment, and key factors for success. The document is a lecture presentation on international business in Japan, containing an introduction, 10 sections on various topics, and references. It aims to educate students on business challenges and strategies for the Japanese market.
Shinobi II
The document discusses an investment strategy for the Japanese equity market called "Guerilla Warfare". Some key points:
- Momentum investing in Japan by buying the worst performing stocks and shorting the best could double returns during periods when the overall market was halving.
- The strategy focuses on quantitative, technical, and fundamental research to choose stocks rather than relying on a single methodology.
- Risk is controlled by limiting position sizes and industry exposures. Real-time attribution is used to analyze returns.
- The strategy aims to take advantage of situations where the market misprices stocks by not fully understanding businesses or accounting issues.
Asset Management White Paper
The document discusses the growth of Singapore's asset management industry since the Global Financial Crisis. It notes that total assets under management in Singapore grew from SGD 344 billion in 2002 to SGD 1.34 trillion in 2011, representing a compound annual growth rate of 14.6% during this period. The number of investment professionals in Singapore more than tripled over the same time frame. The document also examines challenges currently facing the industry such as increased regulation and competition. It provides an overview of external asset managers and asset management software providers active in Singapore.
INT 220 Business Brief Template Course Project.docx
INT 220 Business Brief Template
Course Project
Section One: Drivers for Global Entry
Going global would afford the company many benefits including increased sales and revenues. Japan is a developed market and thus the purchasing power of the consumers is high, which implies that many consumers will be able to purchase our products. Expanding to Japan will enable increased profits that can be reinvested in research and development of new technology and innovation that will create a competitive advantage for both domestic and international market. In addition, entering the foreign market will help the business to tap into new market segment. According to International Data Corporation (IDC), Apple was the largest smartphone brand in 2020 in Japan with a 47.3 percent market share (Sudarshan, 2021). The data shows that Japan would be an ideal market for quality phone cell cases due to high purchase of smartphones. Therefore, the company will benefit from increased sales and profits.
Section Two: Market Profile
Cultural Profile
CategoryUnited StatesJapan
Commonly Spoken Languages
English
Japanese
Commonly Practiced Religions
Christianity
Shinto
Power Distance Index (PDI)
40
54
Individualism Versus Collectivism (IDV)
91
46
Masculinity Versus Femininity (MAS)
95
62
Uncertainty Avoidance Index (UAI)
92
46
Long-Term Orientation Versus Short-Term Normative Orientation (LTO)
88
26
Indulgence Versus Restraint (IVR)
42
68
Political and Economic Profile
CategoryUnited StatesJapan
Political System
Representative democracy
Constitutional monarchy
Current Leaders
Joseph Biden president
Fumio Kishida prime minister
Economic Classification
Developed
Developed
Economic Blocs Impacting Trade
World trade organization
World trade organization
Gross Domestic Product
23 trillion USD
4.9 trillion USD
Purchasing Power Parity
22,996.08
100.412
Gross Domestic Product Per Capita
69,287.54 USD
39,285.16 USD
Human Development Index
Very high 0.921
0.919
Human Poverty Index
$26,246 for a family of four
Poverty headcount ratio at $5.50 a day
In terms of economic development, both countries have developed economy, thus making them ideal for business. Consumers have high purchasing power which means that they are able to purchase new products. US has a higher GPD compared to Japan, however, this can be attributed to the size and population of U.S. compared to that of Japan. Furthermore, both countries are members of World Trade Organization, which means that their trade operations with other nations are regulated and subject to WTO regulations. The culture in Japan is hugely different then the culture in America. Americans are self-motivated while the Japanese culture embraces more of a group mentality and looks for approval from their superiors before making big decision. Both cultures work long hours and take very little breaks. For the most part Japanese culture is more formal in the work place then in the U.S.
Section Three: Market Consideratio.
Gsk nigeria deal-a_reflection_of_weak_market_depth
The document discusses investor sentiment in Nigeria's equity market following GlaxoSmithKline's acquisition deal, which mirrors issues that arose from the Nigerian Bottling Company delisting in 2010. It notes the market lacks depth outside of banks and a few large companies. For the market to reach its $1 trillion target, mergers and acquisitions need strong regulation and to adopt global standards to attract more foreign investors. Currently retail investors are wary of the GSK deal terms and timelines. Overall the market requires structural reforms and diversification with more utility sector listings to develop sustainably.
Market Concentration – ODAGIRI – June 2018 OECD discussion
Market Concentration – ODAGIRI – June 2018 OECD discussionOECD Directorate for Financial and Enterprise Affairs
This presentation by Hiro Odagiri, Professor, Department of Economics, Hitotsubashi University, was made during the discussion “Market Concentration” held at the 129th meeting of the OECD Competition Committee on 7 June 2018. More papers and presentations on the topic can be found out at oe.cd/2gw.A review of the psychology of the capital market in an emerging economy
This document summarizes a research journal article about the psychology of investors in the Nigerian capital market. It discusses how between 2004-2007, the stock market experienced strong gains as billions of funds entered from many types of investors. Returns averaged 54% annually during this period. However, from 2008-2009, the market sharply declined over 70% as the bull market ended. The document examines how most of the losses were experienced by new investors attracted by the rapid gains. It suggests that investment decisions were often driven by crowd sentiment and emotions rather than fundamentals. A survey was conducted to understand the psychological inclinations of Nigerian investors and how the market functions more as an expression of feelings than a rational system.
Investor presentation
This document summarizes the financial projections and business plan for A La Carte Charts LLC, a proposed social network for investors. It projects rapid revenue growth from $4.3 million in year 1 to $17.9 million in year 5. It also projects strong profit margins, with net profit projected to reach $7.7 million in year 5. The document outlines the company's mission to provide investors with educational resources and an up-to-date social platform. It analyzes the market opportunity among self-directed investors and compares the company's projected valuation to similar platforms.
The banking chessboard 20130703
PHIMARK BV is a private Dutch firm providing financial investment services, including rating services from a Mergers&Acquisitions perspective.
Third point-q1-2013
This document is a quarterly investor letter from Third Point providing an update on portfolio performance and positions. In Q1 2013, Third Point delivered solid risk-adjusted returns primarily from event-driven opportunities in Yahoo, financials, and various single-name stocks. The letter discusses in depth two core equity positions - International Paper, a packaging company benefiting from industry consolidation; and Liberty Global, a European cable company that recently acquired Virgin Media. Third Point also highlights the strong performance of its Japanese macro trade and structured credit portfolio.
Similar to The japanese banking chessboard 20130606 (14)
Independent Study_Preferred stock in US and JP_TKanamori
Independent Study_Preferred stock in US and JP_TKanamori
Shifts in the Japanese Economy and the Potential Impact on EU Japan Investmen...
Shifts in the Japanese Economy and the Potential Impact on EU Japan Investmen...
Japan’s Middle Market: Crucial. Competitive. Concerned.
Japan’s Middle Market: Crucial. Competitive. Concerned.
INT 220 Business Brief Template Course Project.docx
INT 220 Business Brief Template Course Project.docx
Gsk nigeria deal-a_reflection_of_weak_market_depth
Gsk nigeria deal-a_reflection_of_weak_market_depth
Market Concentration – ODAGIRI – June 2018 OECD discussion
Market Concentration – ODAGIRI – June 2018 OECD discussion
A review of the psychology of the capital market in an emerging economy
A review of the psychology of the capital market in an emerging economy
More from Trond Johannessen
Who should worry about government debt 20130921
The document discusses government debt and currency competition. It argues that balance sheets, not just gross debt amounts, should be considered when assessing a government's debt situation. It also suggests that the euro could become the dominant global currency, surpassing the US dollar, due to the euro's relatively low borrowing costs. Critics of the euro from the US and some EU countries frequently attack it out of fear the euro will overtake the dollar as the world's leading currency.
The banking chessboard 20130909
The document provides an overview of the global banking industry as of September 2013, including market capitalization, assets managed, and average leverage ratio. It then lists the top 10 acquirer banks, performer banks, banks with management changes, banks that are acquisition targets, and distressed banks based on ratings from Phimark BV. Several banks saw rating changes or closures over the previous months.
The banking chessboard 20130807
This document provides an analysis of the global banking industry in July 2013. It summarizes market capitalization, assets managed, and average leverage ratios. It then provides ratings and analyses of the top 10 acquirer banks, performer banks, management change banks, acquisition target banks, and distressed banks. It also lists banks on a watch list that could become distressed. The ratings are based on a new methodology introduced in July 2013 that focuses more on leverage ratios. Many banks' ratings changed under the new methodology.
The banking chessboard 20130531
The document provides an overview and analysis of the global banking industry in May 2013. It summarizes that the banking industry saw mixed trends in mergers and acquisitions activity, with overall market capitalization increasing by $51 billion. Specifically, US and European banks improved while Japanese banks declined. It also discusses a failed acquisition in the UK and provides rankings of the top 10 banks in various M&A categories.
The banking chessboard 20130430
This document summarizes the banking industry and classifications of banks from a March 2013 report. It identifies the top 10 banks in each merger and acquisition classification category such as acquirers, performers, and acquisition targets. It also lists banks that could become distressed. The summary identifies trends in bank mergers and acquisitions, including Banco Santander being downgraded from management change to acquisition target.
The euro zone banking chessboard 20130326
The Eurozone banking industry represents 11% of global banks but only 9% of capitalization. It is rated as requiring "Management Change" with an index rating of 84, whereas the global banking system is rated as a "Performer" with a rating of 140. While some banks have made leadership changes, the new teams still must improve the banks within a certain time period or face further changes or worse outcomes. The document also lists the top banks in various M&A categories and identifies several troubled banks that could become distressed.
The banking chessboard 20130325
The document analyzes global banking trends, providing data on 403 banks across categories like acquisitions, management changes, and distressed institutions. It identifies the top 10 banks in various M&A categories and lists several European banks that could face distress. The analysis examines policy shifts towards more shareholder responsibility for firms and the reduced likelihood of bank bailouts after events in Cyprus.
The union a story of two citizens 20130223
Two men, Mr. A and Mr. B, sign papers transferring money between them. Mr. A invests his inheritance in property and takes out a bank loan, while Mr. B needs money to help his son pay off a hotel loan. However, the government then freezes bank deposits and taxes deposits over a certain amount. As a result, Mr. B no longer has enough money to help his son, who defaults on his loan and loses the hotel. In contrast, Mr. A's property investment is unaffected and he can pay off his loan over time.
Ecb draghi competitiveness and growth 20130315
The document summarizes the current economic situation in the Euro area based on data presented in charts and graphs. It shows that real GDP growth has been negative or very low in recent years. Unemployment has risen significantly since 2007 and now stands at 12% overall. Current account balances among member states have diverged, with surpluses in some countries and deficits in others. Bank lending to firms has declined sharply since 2010. Government deficits remain high in some countries and government debt levels are above 90% of GDP in several Euro area nations.
The banking chessboard 20130319
The document provides an overview of the global banking industry based on Phimark Global Index data, which tracks 163 banks. It lists the top 10 banks in categories like acquirers, performers, and those undergoing management changes or targeted for acquisition. Some smaller banks were upgraded while Fannie Mae was removed from the distressed list. Commerzbank is identified as weaker than some Italian and Spanish banks and closest to distressed status. The document also notes banks that have materially improved like Mitsubishi UFJ and Goldman Sachs, and those that deteriorated like Capital One. Finally, it lists banks that could potentially become distressed, including Commerzbank, Monte dei Paschi, and Banco Popolare
The banking chessboard 20130117
This document summarizes the ratings changes made by an investment firm to various banks in their industry. Several banks were upgraded based on improved financial performance and management changes taking effect. HSBC and UBS saw the biggest upgrades, moving from "Management Change" to "Acquirer" status. Smaller upgrades included Mizuho Financial moving from "Takeover Target" to "Performer". The document warns that some major banks remain at risk of breakup due to their "too big to fail" status.
The Banking Chessboard 20120528
The document summarizes changes in the positions of various global banks over the past nine months. Some banks improved due to leadership changes and recapitalizations, while others deteriorated due to losses, fines, and lawsuits. Banks that improved include Wells Fargo, Swedbank, Allied Irish Banks, Royal Bank of Scotland, Intesa SanPaolo, Banca Monte dei Paschi, and Banca Popolare di Milano. Banks that deteriorated include HSBC, Nordea, JP Morgan Chase, Goldman Sachs, UBS, Credit Suisse, Bank of New York Mellon, DNB, and Espirito Santo Financial Group.
Italian Banks Under Fire 20110819
Italian banks are trading well below their stated book values according to a recent article. However, it is more likely that the book values are inflated. This analysis provides an overview of the current state of Italian banks.
Technology Sector Reshaping In The Downturn 20110818
Hewlett Packard announced it would spin off its PC hardware business, fueling speculation about future acquisitions. The document discusses how some technology companies are well-positioned during the economic downturn while others face disadvantages. It provides a table outlining potential acquirers and acquisition targets in the sector.
Capital Goods Boom Bust Or Wobble 20110816
The July housing starts data showed a large raw decline, but the seasonally adjusted number was adjusted upwards using a higher seasonal factor compared to the previous year. If using the prior year's seasonal factor, housing starts would have declined 12% from June, and the 12-month moving average is at the lowest level, signaling at least a wobble in the housing sector and far from a boom.
Capital Goods Boom Bust Or Wobble 20110814
The document discusses upcoming July housing start data and the state of the home building industry. The June housing starts number showed a bounce but the 12-month average remains at all-time lows, hurting home builder balance sheets especially for Pulte Group. It raises the question of whether the industry will experience a boom, bust, or wobble.
Consumer Cyclicals For The New Recession 20110812
Consumer confidence is weak in the US and globally, indicating another recession may be on the horizon. Companies in consumer cyclical industries, which are heavily impacted by economic downturns, are still recovering from the last recession and now face another potential downturn. Sony is mentioned as an example of a consumer cyclical company that may struggle in the new recession.
The Banking Chessboard 20110810
The banking industry needs restructuring and recapitalization as there are too many distressed and undercapitalized players. The document discusses the top banks and their current merger and acquisition status to address issues across the majority of industry firms.
Who should worry about government debt
Government debt should be evaluated based on balance sheets rather than just gross amounts. Critics of the Euro from the US and some EU countries frequently and maliciously attack it out of concern it may become the dominant global currency with the lowest funding costs. The Euro's dominance could happen sooner than expected.
More from Trond Johannessen (19)
Technology Sector Reshaping In The Downturn 20110818
Technology Sector Reshaping In The Downturn 20110818
Recently uploaded
欧洲杯足彩-欧洲杯足彩押注-欧洲杯足彩押注官网|【网址🎉ac99.net🎉】
【网址🎉ac99.net🎉】欧洲杯足彩是一家创立于1998年的在线的体育博彩公司。欧洲杯足彩由库拉索岛政府授权，可以从事体育博彩相关活动。成立初期，欧洲杯足彩专注于快速发展的国内市场，现在它为全世界的玩家和职业玩家提供投注服务。毫无疑问，欧洲杯足彩是欧洲乃至全球最受欢迎的知名在线体育博彩公司。玩家的积极反馈、存款和提款的安全性都充分证明了该公司的可靠性。欧洲杯足彩 Sports公司 以其良好的服务而得到了客户的认可。该公司在2004年获得了最高水平服务奖、2006年最佳博彩公司奖（EOG.com）、最佳博彩运营商前5名（The Online Wire）和著名门户网站“Gambling”颁发的最佳优惠和奖金奖项，这是对这家博彩公司的最为中肯的评价。
5 Compelling Reasons to Invest in Cryptocurrency Now
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technological Developments
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
原版定制【微信:bwp0011】《(nwu毕业证书)美国西北大学毕业证学位证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
Navigating Your Financial Future: Comprehensive Planning with Mike Baumann
Learn how financial planner Mike Baumann helps individuals and families articulate their financial aspirations and develop tailored plans. This presentation delves into budgeting, investment strategies, retirement planning, tax optimization, and the importance of ongoing plan adjustments.
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【网址🎉ac22.net🎉】
【网址🎉ac22.net🎉】欧洲杯投注 Sports 与其他博彩公司相比，其独特之处在于欧洲杯投注 Sports 基于低利润和高营业额的独一无二的体育博彩模式，该模式可以为玩家开出最高的赔率。欧洲杯投注的优势在于中文界面友好，接受人民币投注。他们的开户奖金和实时体育投注界面是大陆玩家的首选。
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
原版定制【微信:bwp0011】《(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
PM pre reads for the product manager framework
For kingfisher airlines, interpret this with product management frameworks and answer the below questions
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)Інститут економічних досліджень та політичних консультацій
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
13 Jun 24 ILC Retirement Income Summit - slides.pptx
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Call Girls Bangalore 9024918724 Verified Service Available Near Me 24x7
Call Girls Bangalore 9024918724 Verified Service Available Near Me 24x7
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
挂科购买【微信号:176555708】【挂科购买(UPenn毕业证书)】【微信号:176555708】《成绩单、外壳、offer、真实留信官方学历认证（永久存档/真实可查）》采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【我们承诺采用的是学校原版纸张（纸质、底色、纹路）我们拥有全套进口原装设备，特殊工艺都是采用不同机器制作，仿真度基本可以达到100%，所有工艺效果都可提前给客户展示，不满意可以根据客户要求进行调整，直到满意为止！】
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信号:176555708】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信号:176555708】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
留信网服务项目：
1、留学生专业人才库服务（留信分析）
2、国（境）学习人员提供就业推荐信服务
3、留学人员区块链存储服务
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：客户在留信官方认证查询网站查询到认证通过结果后付款，不成功不收费！
Recently uploaded (20)
The various stages, after the initial invitation has been made to the public ...
The various stages, after the initial invitation has been made to the public ...
5 Compelling Reasons to Invest in Cryptocurrency Now
5 Compelling Reasons to Invest in Cryptocurrency Now
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Navigating Your Financial Future: Comprehensive Planning with Mike Baumann
Navigating Your Financial Future: Comprehensive Planning with Mike Baumann
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)
13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx
Presentation on recent trends in financial system .pptx
Presentation on recent trends in financial system .pptx
The-National-Commission-for-Culture-and-the-Arts.ppt
The-National-Commission-for-Culture-and-the-Arts.ppt
Call Girls Bangalore 9024918724 Verified Service Available Near Me 24x7
Call Girls Bangalore 9024918724 Verified Service Available Near Me 24x7
The japanese banking chessboard 20130606
- 1. The Japan Banking Industry Chessboard June 6, 2013 Market Capitalization: $0.337 trillion The Japan banking industry is on average a Management Change rating, just barely better than the Eurozone banks, when it comes to Mergers and Acquisitions capacity. As you can see from the graphic on the next page, there is only one big name in Japan when it comes to real capacity for making deals out of strength. Whereas the global graphic reflects normality, Japan demonstrates how an entire industry is living under water, and in some way left to go on, where a similar situation in other industries would have led to transformation, either through business combinations, capitalization following real mark to market accounting, or failure. As it stands now in Japan and elsewhere, the rule is to not rock the boat. The Banking industry in japan needs transformation and the healthiest development would be a wave of business combinations, aiming to restructure balance sheets. PHIMARK Japan Index: 81 (NA) Acquirers: 1 (NA) Performers: 3 (NA) Management Change: 7 (NA) Acquisition Target: 80 (NA) Distressed: 0 (NA) Total coverage: 91 (NA)
- 2. Howa Bank Ltd Nomura Holdings, Inc.Suruga Bank Ltd Kansai Urban Banking Group 0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 0,01 0,10 1,00 10,00 100,00 1000,00 Japanese Banks in M&A Context Large Acquirers and PerformersSmall Acquirers and Performers Too Big to FailNot Too Big to Fail Pricetobook Market capitalization - log scale
- 3. Trond Johannessen Director Phimark BV +31 620 59 1015 trond@blackwolfbv.com