Wells Fargo is a large, diversified financial services company with over $1.2 trillion in assets and 280,000 employees. It provides banking, insurance, investment, and other financial services. Wells Fargo has over 9,000 store locations and 12,000 ATMs across North America. In 2010, Wells Fargo invested $219 million in non-profits to support community development, education, human services, and other social causes.
First Financial Bankshares, Inc. (NASDAQ: FFIN) second quarter 2011 investor relations presentation. See www.ffin.com for more information about Texas-based First Financial Bankshares.
First Financial Bankshares, Inc. (NASDAQ: FFIN) second quarter 2011 investor relations presentation. See www.ffin.com for more information about Texas-based First Financial Bankshares.
Investment banking project on Bank of America -Merrill LynchPankaj Gaurav
• Working model to serve the client
• Integrated operating model
• Lines of businesses
• Activities in global commercial banking
• Investment banking activities
• Details of advisory services in recent Deal in M&A, IPO issue
Four Trillion Dollar plus solutions to our Economic Problems, tried and proven.
- Sovereign Money
- Georgism
- Public Banking
- Ending Government Financial Asset Hoarding (GFAH)
Based on my new book: America is Not Broke! Available on Amazon: http://amzn.to/1Ihcc54
AMERICA IS NOT BROKE! Four Multi-Trillion Dollar Paths to A Thriving America The unsustainability of the American economy is as familiar as the newscycle. There is no money for social programs, no money to run the government, no money to cut taxes, and above all, we have to cut, cut, cut. But, what if it's not true? Instead of familiar complaints about the national debt, leading to just slicing a shrinking economic pie differently, or worse, to Austerity Economics, the reality is that we already have all the wealth we could ever need. The tried and proven proposals in America Is Not Broke would guarantee America's prosperity, fairness, democracy, and economic and ecological sustainability. Four multi-trillion dollar reforms: Sovereign Money, Georgism, Public Banking, and Ending Government Financial Asset Hoarding, plus a few other major reforms, show how we can have it all, if we only learn where to look.
The Benefits of a Public Bank for New York State; the Derivatives explosion (nominal value of $1.2 quadrillion); The joint FDIC-Bank of England Proposal to forcibly swap deposits (incl. state deposits) for equity in a failing bank; The Public Banking model based on the Bank of North Dakota; The specific state bill for New York state; What the Fed can and can't (or won't) do to save municipalities
The presentation was given on September 13, 2010 as part of the Mobile Payments Series (TM) led by mPay Connect. This was the 4th event in the Mobile Payments Series in the Bay Area. For more information, join LinkedIn Group: Mobile Payments Series - mPay Connect
The mobile money movement: jumpstart to emerging marketsMenekse Gencer
This presentation will be used for an upcoming webinar where the author of the publication "The Mobile Money Movement: Catalyst to Jumpstart Emerging Markets" will present the findings. This article was published by The Innovations Magazine in June 2011. To register for the event, go to: www.mpayconnectseries6.eventbrite.com
Investment banking project on Bank of America -Merrill LynchPankaj Gaurav
• Working model to serve the client
• Integrated operating model
• Lines of businesses
• Activities in global commercial banking
• Investment banking activities
• Details of advisory services in recent Deal in M&A, IPO issue
Four Trillion Dollar plus solutions to our Economic Problems, tried and proven.
- Sovereign Money
- Georgism
- Public Banking
- Ending Government Financial Asset Hoarding (GFAH)
Based on my new book: America is Not Broke! Available on Amazon: http://amzn.to/1Ihcc54
AMERICA IS NOT BROKE! Four Multi-Trillion Dollar Paths to A Thriving America The unsustainability of the American economy is as familiar as the newscycle. There is no money for social programs, no money to run the government, no money to cut taxes, and above all, we have to cut, cut, cut. But, what if it's not true? Instead of familiar complaints about the national debt, leading to just slicing a shrinking economic pie differently, or worse, to Austerity Economics, the reality is that we already have all the wealth we could ever need. The tried and proven proposals in America Is Not Broke would guarantee America's prosperity, fairness, democracy, and economic and ecological sustainability. Four multi-trillion dollar reforms: Sovereign Money, Georgism, Public Banking, and Ending Government Financial Asset Hoarding, plus a few other major reforms, show how we can have it all, if we only learn where to look.
The Benefits of a Public Bank for New York State; the Derivatives explosion (nominal value of $1.2 quadrillion); The joint FDIC-Bank of England Proposal to forcibly swap deposits (incl. state deposits) for equity in a failing bank; The Public Banking model based on the Bank of North Dakota; The specific state bill for New York state; What the Fed can and can't (or won't) do to save municipalities
The presentation was given on September 13, 2010 as part of the Mobile Payments Series (TM) led by mPay Connect. This was the 4th event in the Mobile Payments Series in the Bay Area. For more information, join LinkedIn Group: Mobile Payments Series - mPay Connect
The mobile money movement: jumpstart to emerging marketsMenekse Gencer
This presentation will be used for an upcoming webinar where the author of the publication "The Mobile Money Movement: Catalyst to Jumpstart Emerging Markets" will present the findings. This article was published by The Innovations Magazine in June 2011. To register for the event, go to: www.mpayconnectseries6.eventbrite.com
Bank of America’s Corporate Social Responsibility and the Occupy W.docxrock73
Bank of America’s Corporate Social Responsibility and the Occupy Wall Street Movement1
Although Bank of America invested $268.8 billion in CSR-related activities in 2010, it was a leading target for the Occupy Wall Street protestors in 2011. In the middle of the Occupy Wall Street movement, two executives were trying to figure out how to formulate CSR plans for 2012.
Cathy Benjamin,University of Texas at DallasVivian Brown,University of Texas at DallasJames Buchanon,University of Texas at DallasGrace Crane,University of Texas at DallasMichele Harkins,University of Texas at Dallas
“What do these people want from us?” Mary Turner, Global Strategy and Marketing Executive for Bank of America, looked outside her fourth floor window as Occupy Wall Street protesters marched on the sidewalk in front of the bank in October 2011. Anne was preparing to meet with Mark Smith, Global Corporate Social Responsibility (CSR) and Consumer Policy Executive, to discuss their recommendations to the board regarding 2012 CSR plans.
Public outcry demanded more and more from the bank, as it was repeatedly blamed for causing the 2008 mortgage crisis. Occupy Wall Street protesters marched with signs stating “We are the 99%” as a reminder of the distribution of wealth between the wealthiest 1% and the remainder of the population. Wealth distribution had become a growing and heated debate in 2011. The week before, a group of protestors had briefly taken over a Los Angeles branch demanding that Bank of America help resolve state budget deficits. The bank was forced to call in police to protect its customers, employees, and property. Trash recovered from a foreclosed home was dumped on the lawn of some bank executives. Consumers were being encouraged to close accounts at big banks and open accounts at credit unions. Protestors seemed to believe that corporate greed was the root cause of America’s financial crisis. This public outcry for the banks to be more socially responsible was threatening their ability to do business.
Map Resources
Bank of America’s CSR Activities
Bank of America considered itself to be a socially responsible company. Its 2010 CSR activities included investments of $268.8 billion (seeExhibit 1), including:
· $168.5 billion in community development (see Exhibit 2)
· $92 billion in small and medium-sized businesses
· $4.1 billion spent with thousands of small, medium, and diverse suppliers
· $4 billion in environmental business initiatives
· $207.9 million in philanthropy (see Exhibit 3)
· 1.3 million employee volunteer hours
Despite the challenging economic environment, the bank launched its Emergency Safety Net Strategy. The program was designed to meet pressing community needs stemming from the poor economy. It provided direct funding to enable health and human service nonprofit organizations to continue delivering health care, job training, childcare programs, shelter, hunger relief, and other services to help stabilize the communities it served. At ...
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.
The banking sector is experiencing a major shift globally, as Challenger Banks are becoming increasingly formidable competitors to traditional banks and have begun to capture significant market share. Furthermore, the lines between banks and other consumer financial services providers are blurring, with several alternative lenders and robo-advisors beginning to offer banking products to their customers. E-commerce / internet giants are also jumping into the fray with Google and Amazon, among others, beginning to offer banking products. In response to the emergence of Challenger Banks, a number of incumbent banks have launched their own FinTech brands, and traditional financial institutions will likely turn to FinTech solution providers in order to defend their turfs. The report features an overview of trends in the Challenger Banking space as well as the broader banking ecosystem, a detailed landscape of Challenger Banks globally, a proprietary list of financing and M&A transactions, as well as exclusive executive interviews.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
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 effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
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
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
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.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
2. Who we are 2
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 9,000 stores and 12,000 ATMs and the Internet (wellsfargo.com
and wachovia.com) across North America and internationally.
We’re headquartered in San Francisco, but we’re decentralized so every local Wells Fargo store is a headquarters for satisfying
all our customers’ financial needs and helping them succeed financially. One in three households in America does business
with Wells Fargo. Wells Fargo has $1.2 trillion in assets and approximately 280,000 team members across our 80+ businesses.
We ranked fourth in assets and second in market value of our stock among our U.S. peers as of March 31, 2011.
Reputation
FORTUNE 19th in Revenue Among All Companies in All Industries (2010)
World’s 41st Most Admired Company (2011)
Forbes Top 100 Best Companies in the World (2010)
Barron’s World’s 50 Most Respected Companies (2010)
Brand Finance Among Top 10 Most Valuable Brands in the World (2011)
BusinessWeek America’s #2 Most Generous Corporate Foundations (2010)
Newsweek Among America's Top 50 Greenest Big Companies (2010)
Human Rights Campaign Perfect Score of 100 on Corporate Equality Index (2010)
Diversity Inc. Top 50 Companies for Diversity (2011)
Top 10 Companies for Asian Americans
Top 10 Companies for Lesbian, Gay, Bisexual, and Transgender Employees
LATINA Style Top 20 U.S. Companies for Latinas (2010)
American Customer Satisfaction Index America’s #1 Large Bank for Customer Satisfaction (2010)
Office of the Comptroller of the Currency “Outstanding” rating for Community Reinvestment Act performance (2009)
Global Finance Best Consumer Internet Bank and Best Corporate/Institutional Internet
Bank in the North America (2010)
Juniper Research Future Mobile Award (2010)
Javelin Strategy & Research Gold ranking for mobile banking services in “2010 Mobile Banking Scorecard” (2010)
Brand Keys #1 Bank Brand in Customer Loyalty Engagement Index (2010)
U.S. Banker and American Banker One of America’s Top Banking Teams (2010)
Workforce Diversity fors Among Top 50 Employers for Workforce Diversity (2010)
Engineering & IT Professionals
3. One of North America’s most extensive financial services network 3
#1 in U.S. • Banking stores (Wells Fargo and Wachovia stores in 39 states & D.C.)
• Total stores (Wells Fargo and Wachovia stores) Key facts* as 0f 3/31/11
• Retail mortgage lender Assets $1.2 trillion
• Nation’s #1 home loan originator to minority customers &
Team members 280,000
low-to-moderate-income neighborhoods (2009 HMDA data)
• Used car lender (AutoCount 2010) Customers 70 million
• Small business lender (U.S. in dollars per 2009 Community
Stores More than 9,000
Reinvestment Act government data)
• SBA 7(a) lender in dollars (2010 Small Business Administration ATMs 12,112
federal fiscal year-end data)
Market Value $168.1 billion
• High grade bond secondary training (Q1 2011, MarketAxess) of Stock
• REIT preferred stock (Q1 FY 2011, Thomson Financial)
• Real estate lead arranger of loan syndications by volume and
* Includes Wells Fargo and Wachovia
number of transactions (FY 2010, Thomson Reuters LPC)
• Agribusiness lender (U.S. Government data)
• Market share for middle market companies. (Defined as the percentage of companies with revenues of
$25-500MM citing Wells Fargo as their lead banking provider, Greenwich Associates, 2010)
• Crop Insurance provider (U.S. Government Data)
• Largest bank-owned insurance brokerage (Business Insurance magazine)
• Certificate Administrator for Commercial Backed Securities (includes resecuritizations)
(Commercial Mortgage Alert)
• Trustee for direct GNMA issuances (Government National Mortgage Association)
• Trustee for ABS and MBS securities (Asset Backed Alert)
• Payments and Collections in North America (Global Finance, 1/2011)
#2 in U.S. • Deposits
• Issuer of Debit Cards
• Mortgage servicer
• Provider of private student loans
• Annuity distributor
• Underwriter of preferred stock by number of transactions (Q1 2011, Bloomberg)
• REIT common stock (Q1 2011, Dealogic)
• Arranger of asset-based loans by volume and number of transactions (Q1 2011, Thomson Reuters LPC)
• Non-investment grade loan issuer by number of transactions (Q1 2011, Thomson Reuters LPC)
• Real estate lead arranger of loan syndications by number of transactions (Q1 2011, Thomson Reuters LPC)
• Senior manager of municipal negotiated bond issues by volume 1 (Q1 2011, Thomson Reuters)
• Equity research U.S. stock picking (2011 Financial Times / StarMine)
• Trustee for Commercial Backed Securities (includes resecuritizations) (Commercial Mortgage Alert)
• Trustee for High Yield debt (Securities Data Corporation)
• Trustee for Municipal Single Family Housing (Securities Data Corporation)
1 Full credit to each manager
4. One of North America’s most extensive financial services network 4
#3 in U.S. • Branded bank ATM owner (12,112 Wells Fargo and Wachovia ATMs)
• Full-service retail brokerage provider based on number of Financial Advisors
• Loan syndication bookrunner by number of transactions (Q1 2011, Thomson Reuters LPC)
• High grade corporate loan issuer by number of transactions (Q1 2011, Thomson Reuters LPC)
• Transfer agent serving clients and their registered shareowners (2010, SEC Form TA-2)
#4 in U.S. • Wealth management provider
• Senior manager of municipal competitive bond issues by volume (Q1 2011, Thomson Reuters)
• Largest Insurance Broker (Business Insurance magazine)
#5 in U.S. • IRA provider
• Family wealth provider
• Largest broker in the world (Business Insurance magazine)
#6 in U.S. • Institutional retirement plan recordkeeper
• High yield bond issuer by number of transactions (Q1 2011, Bloomberg)
#7 in U.S. • Issuer of Credit Cards
• Equity capital markets bookrunner by number of transactions (Q1 2011, SDC)
Social Responsibility
Contributions
We want to help all of our customers succeed financially and create
long-term economic growth and quality of life for everyone in our Arts and Culture – 8%
communities. We promote economic development and self-suffi- Civic – 6%
ciency through community development, financial education, cash
Community – 28%
contributions, affordable housing, environmental stewardship, and Development
through the efforts of our enthusiastic team member volunteers. In
Education – 30%
2010, Wells Fargo invested $219 million in 19,000 nonprofits nation-
Environmental – 2%
wide, surpassing $200 million for the third consecutive year. Our
Human Services – 25%
success comes from a time-tested formula: local people making local
decisions because they know best what their communities need. Other – 1%
In 2010, Wells Fargo invested:
• $32 million in grants to nonprofits supporting homeownership, including construction of affordable housing, home buyer
education and counseling, down-payment assistance, and home repairs.
• $2.3 billion in CRA qualified community development loans and investments in projects that support affordable housing,
community services, economic development, revitalization, and stabilization.
• $66.4 million in 8,000 educational programs and schools around the U.S., and $17.2 million in matched educational
donations from team members.
• $621 million spent with certified minority-, women-, and disadvantaged-owned business enterprises, a 5% increase over 2009.
• 1.3 million team member hours; team members contributed a record $55.3 million through year-round donations to nonprofits
and the Community Support and United Way Campaign.
• $1.4 billion in environmental loans and investments; $750 million to LEED certified commercial buildings and community
development projects.
Additional information about our achievements in social responsibility is available at: https://www.wellsfargo.com/about/csr/.