Comparing BNL and BNP Paribas
BNP Paribas is bigger than BNL, both in terms of size & activities. BNP Paribas is a European leader in banking and financial services, with a significant and growing presence in the United States and leading positions in Asia. The Group has one of the largest international banking networks, a presence in over 85 countries and 169,800 employees including: 130.000 in Europe & among whom 19.700 in Italy and 64.100 in France and in the Overseas Departments; 15.000 in North America (BancWest) and 9,800 in Asia. BNP Paribas is also a constituent of the CAC 40 index in France.
1st largest French company and 5th in the banking industry worldwide, 1st bank in the Euro Zone
6th most valuable international banking brand
Core Business
• Retail Banking • Corporate & Investment Banking • BNL Banca Commeriale
• International Retail Services • Asset Management & Services • Other activities
Banca Nazionale del Lavoro BNL is the sixth Italian banking group and ranks amongst the top 60 European banks and the top 100 banks in the world in terms of total assets. Following the completion of the Public Tender Offer by BNP Paribas S.A. & the ordinary capital of BNL amounts to over 99 per cent. BNL has a strong identity in the Italian market, a strength gained because they have benefit with over 90 years of activity, experience and reliability.
What were the main drivers of BNP Paribas` acquisition of BNL & What makes Italy’s retail banking market attractive
The main driver for BNP Paribas acquisition of BNL was that in Italy, the top 5 banks had a share of only 35 % of the total banking market, so maybe therefore they saw a unique opportunity in the Italian market. The Italians saved more money than the average of the European Union citizens, but they pay higher bank fees. BNP´s Italian operation already produced revenue of €750m a year. So the main driver of this was to invest for growth in a market where the competition was not as high as in example France or Britain, but I also think, that BNP Paribas wanted to boost their existing activities.
To be a new key player in the Italian Banking & Investment market, BNP Paribas wanted to do that through improving profitability by optimizing quality of service, cost efficiency and risk management.
It is hard to judge how successful the acquisition of Abbey by Banco Santander was because only less than 5 months have passed. The positio...
... to service our current needs. It is also important that they are committed to the ongoing investment in technology required to deliver the securities, cash and investment management support services we require. The Bank of New York is a well-established financial institution that has outlasted numerous financial hardships, including the Great Depression. It has a long history of providing excellent services to its customers. In the present day, The Bank of New York continues to live up to that reputation by offering its customers a variety of financial services. The future can only get better for the Bank of New York. With the technological era in full swing, the Bank of New York is taking full advantage by specializing in technological securities. In conclusion, The Bank if New York is a historical financial institution that played an important role in the economic growth of the United States. No other bank can say that it has done as much for the United States as has done the Bank of New York.
Bank of America is the company I elected to discuss their unique benefits package. Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with more than 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Citigroup is one of the most well known financial companies in the world. The company has been one of the pioneers of the business financial world. They have contributed in many contemporary ways in the use of banks, and many other financial systems. Citigroup was a representation of the financial market success of the United States, Wall Street, and the financial world. The company has more than 200 years of history, and had been receiving high credibility from worldwide customers. However, after the company’s merger of Citicorp and Travelers Insurance the company was put under new management. Following their boss’ lead, the corporation began to make decisions that were only made with the best interest of the maximization of Citigroup’s profits in mind. This eventually led to the Recession of 2008 and a very rocky road for Citigroup. The company’s actions were similar to that of Netbank, but the end results of the companies differed due to Citigroup’s size. The financial crisis of Citigroup could have been avoided had the necessary precautions been taken, had these provisions been taken it could have possibly helped to avoid the economic recession of the United States as well.
The answer is likely to be a combination of the elements presented in this report, and the fact that Deutsche Bank does not appear to have a clear path for resolving the issues it faces. Further, the portfolio of solutions that the bank has is restricted. Deutsche Bank cannot consider pivoting on other arms like UBS did around its wealth management division, neither considering the retail option, back in the fragmented home retail market, as Santander has done . Moreover, there is also the political implication of a possible government intervention, which is not allowed from the new EU regulation on public bailout . This will also create a precedent that Italy is keen to follow, to revamp its suffering banking
At the end of 2011, Barclays’s net assets were reported at $2.42 trillion USD, which made the bank the seventh largest in the world. While this may seem to be a great achievement, its share price has been quite volatile over the last several years. Because of this apparent contradiction between a company appearing to be very successful yet having poorly performing shares, many people are wondering why Barclay shares are falling to such an obvious extent.
BHP Billiton is the most successful company throughout the world by using unchanged strategies in their business. They have a strategy to operate large, low cost, expandable, and upstream commodities by using raw materials, geography, different assets and market, which give them a superior marginal costs throughout economic and commodity cycles for several years. They put the security of their workers first and supporting them by providing various facilities (see appendix 1). Their diversification makes the easy cash flow system by reducing the exposure to any one commodity and give for more identifiable and great financial performances. To become more successful BHP have heaps of human resources or workforce which reflect their values and communities. They have aim to recruit and attract other people who make their organization successful and thrive on working in teams and going to their extra miles to give their best. Moreover, they are committed to meet the changing needs of their customers. They have world class portfolio of growth option that will make them able to plan for a short term and long term goals and continuing them to create value for their shareholders which BHP more powerful (BHP Billiton, 2014). By using these all measures BHP Billiton kept its solid position in the nine month period till the end of March 2014 with the record of production attained for four items and at 10 operations. In aggregate, processing expanded by 10% for throughout the period what's more is required to develop by 16% over the two years to the end of the 2015 fiscal year. For further development BHP having a plan to start new projects where they pursuing a higher rate of returns on incremental investment and increasing inter...
The early decades of the nineteenth century saw the establishment of banks in the Caribbean largely as a convenience for the local governments. Throughout much of the nineteenth century, most Caribbean banks operated as an oligopoly with limited government influence – this directly translated into higher profits. However, over time, the banking environment could best be described as complex and dynamic. Competition increased, resulting into greater need for improved customer service, product innovation and cost reduction strategies. In order to achieve this, the banking sector was undergoing major structural reforms characterized by mergers and acquisitions. On July 23, 2001 Barclays and CIBC announced that they were in advanced discussions which were intended to lead to the combination of their retail, corporate and offshore banking operations in the Caribbean.
CBA is accused of failing to report over 53,000 transactions for more than $10,000 as required by the law (Yeates, 2017a). The bank is also accused of failing to undertake a proper anti-money laundering risk assessment in 2012 when it was rolling its ATMs. The bank’s compliance system failed to detect or report all breaches of the regulations as it would be expected for a bank of a status of CBA (Ryan, 2017a). These are issues of concern and the bank must have a strategic response to them given that they are receiving negative coverage in the media, thus damaging the bank’s reputation among stakeholders (Liu & Fraustino, 2014). A reputational damage is likely to have far-reaching adversarial consequences including loss of customers, investors, the financial cost in terms of fines, and loss of shareholder value as evidenced by the declining share value (Holtzhausen & Roberts, 2009). This media report provides a discussion how the public relations issue that CBA is facing creates publics and the mutual significance of organisation, publics and issue in relations to the scenario at the
Like many others who start out, BP Plc. was a small company struggling to succeed after experiencing almost two bankruptcies. B...
It is Europe's largest engineering company and maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company's total sales, is its second-most profitable unit behind the industrial automation division.
The 50 percent ownership of BlackRock Inc., itself having $1.26 trillion in assets on 30th September 2008 would also be a huge asset to BofA. Merrill, because there was not an overlap in the customer base, and more importantly for ML’s global reaches of clients. These add strength to BofA’s debt and equity underwriting, sales and trading etc., making it an opportunity for BofA to expand their horizons.
Barclays group PLC is one of the largest financial providers in America, Europe, Asia, Australia, Africa and Middle East. , It which is mainly engaged deals with credit cards, retail banking, investment banking, corporate banking, and wealth management. The bank is made up of investment and corporate banking, global retail banking and wealth management, each of which has several business units (Burn, Cartwright &Maudsley, 2009).
Describe the key elements of Primo Benzina’s business strategy and performance from 2006-2009, with reference to the financial statement provided. Also include financial analysis and industry/competitors comparisons. Dis...
Studying Banking and Finance at University of St.Gallen will help me further increase my proficiency of corporate finance and financial markets. The in-depth research of specific topics, as well as a comprehensive curriculum, is a possibility for me to focus on my topic of interest ...