The second is fierce competition in banking enforced business strategies in order to hold loan growth and encounter funding need. Third is that shocking news from financial market instability affected negatively the economy and the banking system. In these years, while so many financial services company
Three factors limit buyers in their acquisition (a) the switching cost is high, (b) the seller’s brand reputation is important to buyers, and (c) the collaboration with sellers to find a win-win position. Buyers in the lodging industry carry a high switching cost due to location, tenant leases, rent increases or profit sharing agreements (Morningstar, 2010). Threat of Suppliers – Low. The industry identifies two types of suppliers, construction companies and suppliers of food, furniture, and laundry. Construction companies are highly affected by market conditions either causing them to stop expanding or renovating during the economic downturn and tended to save cash or building more to forecasted demands.
Economists who support TBTF policies argue that, by rescuing large banks from bankruptcy, impacts of the failure on other institutions or on real economy are eliminated. Other econnomists do not agree with this policies. They hold that policies in favor of TBTF may seem attractive in the short run in spite of the large financial costs to governments. The cost is larger when one considers the long run term. It has been evident during the financial crisis that government has the incentive to bail out its big banks in trouble.
Long SSNC, Price Target $49, 46% Upside, 24% IRR Over 3 Years. Summary Value accretive roll-up company that buys assets at ~11x EBITDA pre-synergy, ~7x EBITDA post-synergy, that is trading at trough multiple. SSNC has a decent runway of organic growth driven by 3rd party private equity FA and regulatory demand. Business Description SSNC is the 2nd largest fund administrator in the world and the only one who provides services across front, middle and back office. Due to the nature of the industry and service, revenue and clients are typically very sticky with >90% recurring revenue.
CHAPTER 2 – IMPACT ON THE ECONOMY 2. Impact of women entrepreneurship on the economy The impact that female entrepreneurship has had on the economy as well as on the social structure of the country is ample, and includes both subjective and objective aspects. Any country with high rate of entrepreneurship benefits from an economic as well as social growth. Among some of the advantages is job creation, which is especially important in the dynamic corporate world of today where there is high job insecurity. There have been thousands of lay off as a result of the financial crisis, and many of the unemployed have turned towards entrepreneurship and setting up their own businesses in order to create income for themselves.
However, the external backdrop should not be ignored, and retail market participation has remained active, equities and fixed income. Major Challenges Faced (ASX) The main challenges that the ASX faced are the environment around securities exchanges in terms of the volatility of markets, competition between exchanges and service providers, regulation and technology is extremely dynamic. The biggest challenge for Stevens, however, will be the volatility of the environment within which ASX operates, both in dynamism of its own sector but more particularly in the tides that flow through the various types of securities that trade on its platforms. That volatility has increased significantly since the financial crisis, as has financial regulation, including regulation of securities exchanges, around the globe. ASX, like any exchange, wants to attract more listings but at the same time is anxious to protect the reputation of its markets.
MICRO-CREDIT AND RURAL POVERTY Massive poverty and obscene inequality are such terrible scourges of our time — times in which the world boasts breathtaking advances in science, technology, industry, and wealth accumulation — that they have to rank alongside slavery and apartheid as social evils. Nelson Mandela, former President, Republic of South Africa “If we can come up with a system which allows everybody access to credit while ensuring excellent repayment-I can give us a guarantee that poverty will not last long”-Muhammad Yunus (1994) Approximately 400 million people in India living below or close to the poverty line, could be roughly translated into 75 million households out of which around 60 million are rural household. So poverty in India has predominantly a rural character. While there are several structural dimensions to the rural poverty it is generally accepted that it arises due to the lack of capital or lack of surplus. The rural poor is perpetuating poverty and is the victims of the “vicious cycle of poverty” Credit is important in the lives of the rural poor in a developing economy.
Big amount creditors have strong powers in determining interest rate of their credit amounts. Banks distinguish their prime customers from others by setting a prime interest rate for them. So currently the bargaining power of Buyers (customers) is low and the bargaining power of the Suppliers (banks) is moderately high. 5. Threat of substitute
• Expensiveness: When compared to the Unit Banking system, the Branch Banking system is more expensive. When the bank its number of branches across a wide geographical area, then they rises the need and the problems of