In All the Presidents' Bankers, Nomi Prins argues that the associations between the leaders of the largest banks and the presidents of the last century influenced economic policy in the U.S. and other countries. The presidents and the bankers worked together to make the U.S. the most powerful nation in the world. However, the bankers wanted power and profit without regard to the harm they caused people in the U.S and other countries. Although Prins’ commentary is biased, her arguments are well-supported and based on extensive research. Prins’ book is well-organized chronologically by time periods in history and presidents.
Banking system is essential in our economics to maintain an effective circulation of money. The bank has functions for regulation of currency to aid strong economy. Distribution of the money is crucial to promote construction of the nation and prevention of bankruptcies. In our modern economic structure is supported and developed by the banking system. However, there was a period that the national bank was shut down by the government the consequence of the bank war.
In “The ‘Banking’ Concept of Education” Paulo Freire addresses the inefficient and oppressive nature of modern education. Freire explains that the way in which teachers conduct educating is harmful to the students as well as the teachers. He proposes an alternative method to the banking concept called the problem-posing method. This method treats the teacher and students the same and allows for knowledge to flow in both directions. What Freire tries to convey in his work is that the way the act of educating is performed has a profound impact on the way the students materialize into the real world and how education can be used, intentionally or not, to control the students.
The mission statement does not cover the actual processes or how the Bank will actually accomplish the vision, however the mission statement does indicate the responsibilities that we have. The Bank’s number one priority is monetary policy and fiscal regulation oversight to make recommendations that allow the country to be fiscally responsible and stable. This is clearly identified within the mission statement and the banks main objectives are identified as well. Within our organization there is a lot of emphasis placed on collaboration.
The African Kingdoms had many achievements before the Europeans arrived around 1500. The three major kingdoms were Ghana, Mali, and Songhai. These kingdoms focused mainly on trading with surrounding kingdoms, and because of this they were considered very successful. Many therefore call the consider the achievements of the African Trading Kingdoms to be a major success. Some major achievements of these kingdoms are forming a trading web, creating an advanced economical and social structure, and forming a way of communication with other groups that speak other languages.
The Ghana Empire, also known as Wagadou Empire, was a West African empire that existed from the 6th to the 13th century CE. The empire was founded by the Soninke people and became a major center of trade and commerce in West Africa. One of the reasons why the Ghana Empire was significant is because of its role in the trans-Saharan trade. The empire controlled the trade routes that connected West Africa with North Africa and Europe. They traded gold, ivory, and salt.
In addition, programs such as Federal Deposit Insurance Corporation, and Securities and Exchange Commission provided relief and reform on banking system (The Americans,
The Fedral Reserve published a document entitled "Modern Money Mechanics" which details the practice of money creation as utilized by the Federal Reserve and its web of global commercial banks it supports. on the opening page it states "the purpose of this booklet is to describe the basic process of money creation in a fractional reserve banking system. " they then use various banking terminology to describe this process. a translation of which goes like this.
In the text, the ‘banking’ concept of education is distinguished as ‘the scope of action allowed to the students extends only as far as receiving, filling, and storing the deposits.’ Freire illustrates the roles the ‘banking’ concept plays in student’s education; how it affects the teachers, affects the students, and the type of relation it creates between a student and teacher. In the passage, Freire pointed out how the teachers who are using this precise model are having all the power, the power to determine a bright mind’s future. Having ‘power’ isn’t necessary displayed as having authority, it can also be displayed as how they teach, talk, and the mindset they bring to the classroom. Freire claims “”...
In the same region that the Ghana empire once existed, a new empire came to power. In the 1230s, the Malinke people took control of the trade routes in West Africa. King Sundiata conquered and united several smaller kingdoms to form Mali, extending their territory to the Atlantic Ocean. A relative of Sundiata named Mansa Musa took control in 1307.
The Ghana Empire was the first of the three major West African empires, and made many great progresses during its reign. However, the most important contribution that the Ghana Empire made during its rule was the advancement in trade. Because of its fine decision making in the taxing of the goods and the able rulers, Ghana was able to successfully expand its territory and become a very prosperous Empire.
Q#1 Service delivery prior to Retailtainment Since beginning they were striving for no more me too bank. They were always putting their customers in the center; however keeping the customers happy was always their top concern. To do so, they were educating their employees and giving them training to make sure the deep commitment to WOWing customers, through rewards and compensation system. Their main objective was to always give a best experience to their customers every time they visit to the bank and exceed their customer's expectation. To achieve this, they were referring their branches as a retail store such as Starbucks, where people are ready to pay much higher amount for a cup of coffee because of the retail experience.
2.0 SITUATION ANALYSIS Below are Malaysian banking industry’s external environment assessment using Porter’s 5 Forces Analysis. For the purpose of this assessment, 3 top-in-the-league existing domestic banking groups in terms of asset size have been chosen i.e. Maybank, CIMB, and PublicBank. All 8 domestic banking groups have operations in all the 3 segments of banking businesses namely Commercial, Islamic, and Investment bank. Upon analyzing and assessing their immediate surroundings, the banking groups recognize the following important factors that would impact on their competitiveness. THREAT OF RIVALRY AMONG EXISTING BANKS • Too many players in the industry; Each banking group has to contend with 7 other domestic banking groups and 30 other banking intermediaries both local and foreign, comprising 19 Commercial, 8 Islamic, and 3 Investment banks.
I would frame the banking as an industry that is built on trust. Trust that is reaffirmed by the governments, and regulators. Banks have an imperative role in our economic growth, and development. Correspondingly, without the bank industry, there is no industry to replace them as the conduit for social and economic policy. Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect.
Organizational structure is the typically hierarchical arrangement of lines of authority, communications, rights and duties of an organization. Every company have its specific goals and objectives toward which they work. Specific employees must oversee and control the flow of work to meet crucial project deadlines. The purpose of organizational structure of Public Bank is to establish the operation and assist the organization to achieve the organization goals and future growth. Organizational structures are subdivided into 3 types such as divisional structure, functional structure and matrix structure.
