Citigroup, JPMorgan Chase, and Bank of America are three of the largest banks in the world. Citigroup was founded in 1812 and provides financial services to consumers, corporations, and institutions across over 160 countries. JPMorgan Chase was formed in 2000 from the merger of JPMorgan & Co. and Chase Manhattan Corporation. It is the largest bank in the US. Bank of America was founded in North Carolina and serves clients in over 150 countries, being the second largest bank in the US by assets.
Principles & Practices of Banking module 1ARUNKUMAR7358
Introduction to Banking System
Financial markets and its segmentation
Financial system overview
Recent developments in Indian financial system
Role and functions of RBI
Introduction to equity and debt markets
Historical aspects of banking in India
Evolution of banking system
Types of banks (Public sector, Regional banks)
Performance of public sector banks
Performance of private sector banks
Commercial banking
Commercial bank’s structure
Commercial bank’s functions (Primary & secondary function)
Role of commercial banks in socio economic development
Services rendered by commercial banks
Credit creation and deployment of funds in commercial banks
Role of RBI & GOI as regulator of banking system
Books referred - Dr.Nirmala Prasad, K. Chandrasass j (Banking and financial system)& Mithani, Gordan (Banking and financial systems)
Principles & Practices of Banking module 1ARUNKUMAR7358
Introduction to Banking System
Financial markets and its segmentation
Financial system overview
Recent developments in Indian financial system
Role and functions of RBI
Introduction to equity and debt markets
Historical aspects of banking in India
Evolution of banking system
Types of banks (Public sector, Regional banks)
Performance of public sector banks
Performance of private sector banks
Commercial banking
Commercial bank’s structure
Commercial bank’s functions (Primary & secondary function)
Role of commercial banks in socio economic development
Services rendered by commercial banks
Credit creation and deployment of funds in commercial banks
Role of RBI & GOI as regulator of banking system
Books referred - Dr.Nirmala Prasad, K. Chandrasass j (Banking and financial system)& Mithani, Gordan (Banking and financial systems)
[devops REX 2016] Banks, Brains, and Factories - thinking in Promises for a F...devops REX
Mark Burgess @ devops REX 2016
The world, our society, depends on a collaboration of parts --- on a shift from self-sufficiency to co-dependency. The repercussions are enormous. But, like any system, what works at one scale may not work at another. As the density and speed of our world increases, how does society and its multiple systems scale? Is the application of technology to create smart appliances, smart homes, and smart cities, the answer to retaining our existing way of life, or transforming into a new one? What will this mean for the future shapes of our lives?
The banking industry appears to be undergoing a renaissance driven by changing consumer behavior and technical innovation. Software is eating the industry. In retrospect, we can see how the first wave of innovation came in areas such as online account access and payments. Changing consumer behavior (such as the shift to mobile) and the use of big data has enabled increasingly complex transactions (such as lending and asset management) to move online. Consumers have largely stopped going to retail branches, and reserve the occasional branch visit for major one-off transactions.
Our first investment in the financial services industry came many years ago with an investment in LendingClub. We put both equity and debt into the company, making a sizable purchase of loans via the platform itself. We saw the company’s potential to bring marketplace dynamics and software disruption to the lending industry. The end goal for borrowers and investors on the platform was simple: lower cost loans for borrowers, increased yields for investors, and high levels of customer satisfaction. As a result, LendingClub has grown into a sizable public company. With experience on the platform and a realization of the potentially transformative nature of this model, we’ve gone on to invest in companies across the online lending space: Kabbage (www.kabbage.com), LendUp (www.lendup.com), and SoFi (www.sofi.com).
The renaissance in financial services has drawn in substantial amounts of venture capital. In the past year alone, the number of fintech deals has grown 16% and the capital funded is up 46%.
While many entrepreneurs develop expertise in the specific segment they intend to disrupt, we’ve noticed that startups usually don’t have the time or resources to look outside their niche and understand how they fit into the larger context of banking and lending markets. To help put the industry in perspective, we developed an overview of the banking industry in the US. What’s remarkable is not only the insights this gives into the financial lives of Americans (be it millenials or seniors), but also the perspective this gives us on the large banks we’ve all come to use. Indeed, consolidation over the last several decades has led the four major banks (JP Morgan, Bank of America, Citigroup, and Wells Fargo) to hold around half of the market’s depository assets.
Today we’re happy to provide the first version of this industry overview. We’ve chosen brevity over depth, so as to provide a snapshot of the overall banking landscape. We’ll continue to iterate on this overview and welcome questions and comments. In subsequent posts, we plan to provide deeper dives into sectors that are of interest to both ourselves and others. We look forward to contributing to what feels like yet another opportunity to be at the front door of history-making companies.
This presentation is completely related to the CITI group, with an valid and authenticated information. At the same time this slides are completely looking on the view of Business Strategy of CITI group.
This is a overview of the business of banking, including retail, business and investment banking. We have also included introductions to other financial services like credit cards, credit rating agencies, mutual funds and the business processes used to process loan transactions, credit card payments, and a range of other banking services and products. Useful for anyone who would like an overview of the banking industry. Downloads will be allowed for 30 days. After that you can contact me if you would like the file.
Wells Fargo is one of the largest banking and financial service providers in the US. However, the company has recently been accused of staggering fake accounts scam, which has put the company in deep trouble. Find the details about the scandal and the SWOT analysis of the company in this presentation.
1
Bank of America
Name
Date
I. Introduction
· Among the nation’s largest banks by assets alongside JPMorgan Chase and Citigroup
· Operates one of the country’s most extensive branch networks with about 5300 locations and more than 16300 ATMs
· Core services include consumer and small business banking, corporate banking, credit cards, mortgage lending, and asset management
· About 140 years of experience in the industry
· Company Type : Public (NYSE:BAC)
· Headquarters: Charlotte, NC
· #21 in Fortune 500
· #51 in FT Global 500
· Purpose of the Study: Perform a company and financial analysis to assess the feasibility of investing in the company
II. Past History
· Founding could be traced back in 1874 when predecessor NationBank was formed as the Commercial National Bank
· In 1901 George Stephens and Word Wood formed what became American Trust Co. The banks merged in 1957 to become American Commercial Bank, which in 1960 merged with Security National to form North Carolina National Bank.
· In 1968, the bank formed holding company NCNB, which by 1980 was the largest bank in North Carolina and also the first southern bank to span six states.
· In the 1980s, the bank profited from the savings and loan crisis by managing assets and buying defunct thrifts at fire-sale prices
· In 1991, the bank renamed itself NationsBank
· In 1993: bought Chicago Research & Trading
· In 1993: went into a joint venture to open securities brokerage
· In 1995: bought Barnett Bank, Florida’s #1 bank
· Enter Bank of America: founded in 1904 as Bank of Italy (a.k.a. BankAmerica)
· In 1998, BankAmerica decided a merger with NationBank forming Bank of America
III. Present Position
· In 2012: settled a lawsuit for $2.43 billion over accusation that it misled investors about the acquisition of Meryll Lynch (so far the largest securities class-action settlement to arise from the financial crisis).
· In 2012: paid $50 billion in stock to buy Merrill Lynch
· In 2012, reached another settlement related to company’s foreclosure practices ($25 billion)
· In 2013: announced $11.6 billion of settlement with Fannie Mae and $1.8 billion sale of collection rights on home loans to NationStar
· During the height of the financial crisis, received criticisms as a recipient of bailout funds (Too Big to Fail)
· In 2011, it was surpassed by JPMorgan Chase as the bank with the most assets as it engaged in massive asset sales and securities offerings
· In 2010: sold First Republic and Columbia Management
· In 2011: sold Balboa Insurance which was acquired as part of the CountryWide purchase
· Reported a $2.2 billion loss in 2010, returned to profitability the following year to the still relatively quiet tune of $1.5 billion
· Losing investor confidence amid all of its financial and legal troubles (not to mention a poorly received attempt to charge a debit card fee, which caused a customer uproar)
· Regained pace when Warren Buffet's Berkshire Hathaway bought some .
Role of Investment Banks in the Financial Crisis of 2008Mujtaba Zeeshan
This presentation explains how the investment banks played a vital role in the occurrence of the global financial crisis of 2008.
There's a brief discussion on Investment banks in general including their functions. Then briefly explaining the crisis in a manner that students can easily remember. And finally to support our claim, a research paper is used as a reference.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
3. Information
• Citigroup Inc. (Citigroup) is a global diversified financial
services holding company and is the consumer banking arm
of financial services giant Citigroup.
• Citibank was founded in 1812 as the City Bank of New
York, later First National City Bank of New York.
• At that time the ownership and management of the bank
was taken over by Moses Taylor
• Citigroup businesses provide
consumers, corporations, governments and institutions with
a range of financial products and services.
• Citigroup has a market cap of $76.10 Bn.
• The Company has approximately 200 million customer
accounts and did business in more than 160 countries and
jurisdictions.
• On February 1, 2011, Citigroup acquired Maltby Acquisitions
Limited (Maltby).
4. Citigroup operates two primary
business segments
• Citicorp
– Regional Consumer Banking (RCB) businesses
– Institutional Clients Group (ICG)
• Citi Holdings
– Brokerage and Asset Management (BAM)
– Local Consumer Lending (LCL)
– Special Asset Pool (SAP)
5. Banking
Products/ Services
Credit Cards
Loans and Mortgages
Investing and Asset
Management
Bill Payment Services
International Banking
and Investment
8. Loans and Mortgages
• Personal Loans
• Student Loans
• Mortgages
• Home Equity
• Commercial Real Estate Loans
• Bill Consolidation
9. Investing and
Asset Management
• Citi Personal Wealth Management
• Retirement Planning
• Private Banking
• Investing for Women
• Margin Forex Trading
11. International Banking and
Investment
• Expatriate Banking
• Citi Microfinance
• Off-Shore Banking
• Off-Shore Investments
• Off-Shore Wealth Management
• Private Banking
12. Branches of Bank
• The bank has its branches in over 100 countries
and territories around the world.
• More than half of its 1,400 offices are in the
United States, mostly in New York
City, Chicago, Los Angeles, the San Francisco
Bay Area, Washington, D.C. and Miami. More
recently, Citibank has expanded its operations in
the Boston, Philadelphia, Houston, and Dallas
metropolitan areas.
13. • In addition to the standard banking
transactions, Citibank offers insurance, credit
cards and investment products. Their online
services division is among the most successful in
the field, claiming about 15 million users.
• As a result of the global financial crisis of 2008–
2009 and huge losses in the value of its subprime
mortgage assets, Citibank was rescued by the U.S.
government under plans agreed for Citigroup. On
November 23, 2008, in addition to initial aid of
$25 billion, a further $25 billion was invested in
the corporation together with guarantees for risky
assets amounting to $306 billion.
• Since this time, Citibank has repaid its
government loans in full.
14.
15. • JP Morgan Chase is even older than Citibank and has
assets that amount to about 2 trillion dollars. The bank
is a favorite amongst clients from different walks of
life, be it government officials, business tycoons or the
common man. They are widely celebrated for their
credit card services as well as their reliability as far as
commercial banking is concerned.
• According to Forbes magazine it is the world's largest
public company based on a composite ranking. The
hedge fund unit of JPMorgan Chase is one of the
largest hedge funds in the United States.
16. • It was formed in 2000, when Chase Manhattan
Corporation merged with J.P. Morgan & Co.
• JPMorgan Chase & Co. is an American
multinational banking corporation of
securities, investments and retail. It is the
largest bank in the United States by assets and
market capitalization. It is a major provider of
financial services, with assets of $2 trillion.
18. A Glance at JP Morgan Chase & Co.
Revenue US$ 102.694 billion
Operating income US$ 24.859 billion
Net income US$ 017.370 billion
AUM US$ 001.298 trillion
Total assets US$ 002.289 trillion
Total equity US$ 176.106 billion
Employees 2,50,095
Chase, J.P. Morgan & Co., J.P. Morgan
Subsidiaries
Cazenove, One Equity Partners
19. • The J.P. Morgan brand is used by:
– Investment banking
– asset management,
– private banking,
– private wealth management and
– treasury & securities services divisions.
• Fiduciary activity within private banking and
private wealth management is done under the
aegis of JPMorgan Chase Bank, the actual trustee.
• The Chase brand is used for credit card services in
the United States and Canada, the bank's retail
banking activities in the United States, and
commercial banking.
20. • The corporate headquarters are in 270 Park
Avenue, Midtown, Manhattan, New York
City, New York, and the retail and commercial
bank is headquartered in Chase
Tower, Chicago
Loop, Chicago, Illinois, United States.
21.
22. • HSBC was established about 20 years back
and has had its headquarters in England ever
since. Forbes declared it to be among the
largest banks and companies in the world last
year. HSBC is popular in Asia wherein its
investments activities are particularly
impressive.
23. • HSBC Holdings plc was founded in London in 1991 by
The Hongkong and Shanghai Banking Corporation to
act as a new group holding company and to enable the
acquisition of UK-based Midland Bank. The origins of
the bank lie in Hong Kong and Shanghai, where branches
were first opened in 1865. Today, HSBC remains the
largest bank in Hong Kong, and recent expansion in
mainland China, where it is now the largest international
bank, has returned it to that part of its roots.
24. • HSBC Holdings plc is a global banking and financial
services company headquartered in Canary
Wharf, London, United Kingdom.
• As of 2011, it is the world's second-largest banking and
financial services group and second-largest public
company according to a composite measure by Forbes
magazine.
• It has around 7,500 offices in 87 countries and
territories across Africa, Asia, Europe, North America
and South America and around 100 million customers.
• It has total assets of $2.418 trillion, of which roughly
half were in Europe, a quarter in the Americas and a
quarter in Asia.
25. • HSBC is a universal bank and is organised
within four business groups:
– Commercial Banking;
– Global Banking and Markets (investment banking);
– Personal Financial Services (retail banking);
– Private Banking.
26. Sir Thomas Sutherland
(Founder)
Douglas Flint
(Group Chairman)
Stuart Gulliver
(Group Chief Executive)
28. Revenue US$ 98.918 billion
Operating income US$ 19.037 billion
Profit US$ 13.159 billion
Total assets US$ 2.454 trillion
Total equity US$ 147.667 billion
Employees 295,995
HSBC Bank plc, The Hongkong and Shanghai Banking
Corporation, HSBC GLT India, HSBC Bank USA, HSBC
Subsidiaries
Bank Middle East, HSBC Mexico, HSBC Bank Brazil,
HSBC Finance
29.
30.
31. • Bank of America Corporation, an American
multinational banking and financial services
corporation, is the second largest bank holding
company in the United States by assets, and the fourth
largest bank in the U.S. by market capitalization.
• The bank is headquartered in Charlotte, North Carolina.
• Bank of America serves clients in more than 150
countries and has a relationship with 99% of the U.S.
Fortune 500 companies and 83% of the Fortune Global
500. The company is a member of the Federal Deposit
Insurance Corporation (FDIC) and a component of both
the S&P 500 Index and the Dow Jones Industrial
Average.
32. • Bank of America is the 5th largest company in the
United States by total revenue, as well as the
second largest non-oil company in the U.S. (after
Walmart). In 2010, Forbes listed Bank of America
as the 3rd biggest company in the world.
• The bank's 2008 acquisition of Merrill Lynch
made Bank of America the world's largest wealth
management corporation and a major player in
the investment banking market.
33. Revenue US$ 134.194 billion
Net income US$ 002.238 billion
Total assets US$ 002.264 trillion
Total equity US$ 228.248 billion
Employees 288,000
Bank of America Home Loans, Bank of
Subsidiaries America Merrill Lynch, Merrill Lynch,
U.S. Trust Corporation