Executive Summary
Founded in 1784, the Bank of New York is the oldest bank in the United States. It was the first bank in New York that opened just months after the departure of British troops from American soil in lower Manhattan. During that time period the monetary system was complex and confusing. The founders decided that The Bank of New York wasn’t going to be a common institution that capitalized on land; it focused on specie, which is money in coins. Then in 1792 the first corporate stock to trade on the newly established New York Stock Exchange was the Bank of New York.
During the course of their 220-year history, The Bank of New York has seen the country through turbulent times - seven wars, ten economic depressions and the World Trade Center disaster. And yet, The Company has survived all these crises and emerged even stronger..
The Bank of New York is in the industry of Money Center Banks, which provide many services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. This company has a long tradition of collaborating with clients to focus on securities servicing, treasury management, investment management, and individual and regional banking services. This company also has an extensive global client base.
The Bank of New York is ranked 15th in its industry with a capital market of 21.2 billion. Some of its top three competitors are Citigroup Inc, JP Morgan Chase, and State Street Corp. Given its long history and conservative approach, it is no wonder that The Bank of New York is one of the leading retail banks in the Metropolitan Area. It has 350 locations which not only offer traditional banking, but insurance and investment services.
Although the stock price of The Bank of New York has decreased over the past year, it is our opinion that it would be a good opportunity to buy the stock at its price. The most recent quarterly earnings have been much higher than analysts’ forecasts have predicted. The Bank of New York earnings growth in the past year has accelerated more rapidly than it has in the past three years.
The Bank of New York – Industry position
Founded in 1794, The Bank of New York is New York’s first and oldest bank. It opened for business at the Walton House in lower Manhattan. During tha...
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...dministration and accounting, collateral management, and securities lending which is offered nationally and globally.
Banking has never been considered attractive as an industry, but the industry has virtually been embodied in the movement of bigger, faster, and more. The BANK OF New York has been involved in faster transactions via ATM’S and the Internet. They have also been involved in more proceeds such as insurance and securities.
The Bank of New York has been notable in de-emphasizing lower margin traditional banking operations and has focused on more lucrative technology based activities such as transaction processing and account custody services.
Given The Bank of New York redirection of its focus and earnings potential it would our opinion to invest in this company’s stock. The Bank of New York seems to be a leader in its industry class and the value of its services will certainly be recognized in its future performance and innovation.
Trend Analysis for Bank of New York 2004, 2003 & 2002
The Bank of America, the second largest bank holding company in the United States by assets after JP Morgan Chase (Forbes, 2013) was originally founded in 1904 as the Bank of Italy. The Bank of America is now a multinational and financial services corporations with its headquarters located in Charlotte, North Carolina. In 1998 North Carolina National Bank started a series of acquisitions of several banks (including the Bank of America in 1998). The newly-merged bank took the name Bank of America and maintained its headquarters in Charlotte, North Carolina (Bank of America: Our Heritage, 2014). In the 2000s. Bank of America continued to expand with the acquisition of FleetBoston (2004), MBNA (2006), investment management company U.S. Trust (2007), mortgage company Countrywide (2008), and Merryl Lynch in 2009 (Gupta & Herman, 2012).
Drug court is between one to two years in duration, depending on which county the program is located in and how willing the participant is to implement the program into their daily lives. The philosophy is, “keep individuals in treatment long enough for it to work, while supervising them closely” (nadcp.org). Participants are held accountable for every action they have, whether positive or negative. Meaning, they are “rewarded for doing well or sanctioned when they do not live up to their obligations” (nadcp.org). Sanctions can range anywhere from community service, earlier curfew restrictions, a treatment facility, and even up to a weekend or months in jail, depending on the severity of the
Domestic Violence is a widely recognized issue here in the United States. Though many people are familiar with domestic violence, there are still many facts that people do not understand. Abuse is not just physical, it is mental, emotional, verbal, sexual and financial. Many victims of physical abuse are also fall victim to these abuse tactics as well. An abusive partner often uses verbal, mental, emotional, and financial abuse to break their partner so to speak. It is through this type of abuse the victim often feels as though they are not adequately meeting their partner’s needs.
... 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.
Drug courts were first established in Miami in 1989 and have continued to grow today. Over the past twenty-four years, drug courts have provided a treatment-orientated approach to help defendants with drug-related crimes. The constant interaction of the drug court provides the needed structure for participants to maintain their involvement in the program. Understanding the overall goals of the drug court and the outcomes of participants in the drug court program are the key factors in measuring the success of the drug courts.
Domestic abuse is a significant and threatening issue in the United States. Sadly, the rates of this shameful violence are increasing. This violence is not limited to the privacy of relationships and homes, it occurs everywhere and in all relationships. Football player, Ray Rice portrayed an act of domestic violence when he punched his wife and knocked her unconscious on February 15 of 2014. Women are heavily affected by this abuse and it’s the leading cause of injuries on women. According to crime reports (qtd. in “Domestic Violence”), one woman is beaten by her husband or partner every 15 seconds in the United States. Also, according to a report (qtd. in “Domestic Violence”), domestic violence is the leading cause of injury to women between the ages of 15 and 44 in the United States, more than car accidents, muggings, and rapes combined. Domestic abuse is not simple, it has a historical context to it, it creates abusive cycles in relationships, and it links to economic statuses.
The complex issues of dealing with offenders in the criminal justice system has been a point of ongoing controversy, particularly in the arena of sentencing. In one camp there are those who believe offenders should be punished to the full extent of the law, while others advocate a more rehabilitative approach. The balancing act of max punishment for crimes committed, and rehabilitating the offender for reintegration into society has produced varying philosophies. With the emanation of drug-induced crimes over the past few decades, the concept of drug treatment courts has emerged. The premise of these courts is to offer a “treatment based alternative to prison,” which consist of intensive treatment services, random drug testing, incentives
Right now in the United States there are over 2 million people incarcerated in the country’s prisons and jails. Out of this population about one-quarter of these inmates have been convicted of a drug offense. With drug offense arrests increasing nationwide and the prison population increasing there is an alternative to incarceration has been used over the past two decades in many cities across the country. This alternative is in the form of local drug courts that are now found in most major cities in the United States. A drug court is a specialized court in which the judge, prosecutor, public defender or private attorney, probation officers, and treatment counselors work together to help chemically dependent offenders obtain needed treatment and rehabilitation in an attempt to break the cycle of addiction and further criminal offenses. Some argue that treatment rather than incarceration is a waste of time and valuable resources that could be used elsewhere. Research however has shown that court ordered treatment is the best option for drug offenders. Treatments through drug court has proven to be less expensive than incarceration and has also been shown to reduce crime and provide a lower relapse and re-arrest rate for offenders that are placed in drug courts as opposed to those that are not.
Historically, banks link savings to investment. Deposits are paid in by savers, the bank’s liabilities, some of that money is held in capital reserve and the rest is lent to businesses and entrepreneurs as loans, the bank’s assets. The savers will be paid interest on their deposits, and the enterprises will have to pay interest on their loans, higher than the interest paid to depositors; the difference in interest is the banks revenue. This is a fairly mundane business model which banks have been doing for over 600 years. Recent declines in interest rates have led to decreased profit margins on this type of intermediation. Banks needed to diversify, and the deregulation of UK banks in 1986, and the emergence of light touch regulation, allowed them to do such. Retail banks from here on offered services such as mortgages, pension plans and insurance. Investment banks, traditionally offering corporate services like merger and acquisition advice, now operate in proprietary trading in wholesale markets. OECD reports that non interest income accounts for 40.7% of credit institutions income in 2003, up from 25.5% in 1984. All this change in how banks operate, fuelled by declining margins and self-regulation, has led to the us...
The relationship between Prospero and Caliban is a perfect demonstration of the dependence relationship between a coloniser and the native of whichever colony he set his eye upon. Colonialism was a subject easily related to by Shakespeare's contemporary audience; with James on the throne the British Empire was beginning to thrive and would soon become the largest in not only the 17th Century world, but one of the largest in history. At the time 'The Tempest' was first preformed, 1611, Britain had begun to lay claim to North America and the smaller Caribbean isles, a fact the King was no doubt proud of and, similarly to his addition of the supernatural (a subject that fascinated James), aiming to impress Shakespeare chose to make colonialism a central theme in 'The Tempest'.
Thesis: In my paper, I will be examining the different types, possible causes, and effects of Intimate Partner Violence, and what treatments or programs are available to combat this growing problem in America. Regardless of differing approaches to fight it, statistics show that women all across the world suffer from the effects of domestic violence at a similar rate independent of class, race, or religion.
The US health system has both considerable strengths and notable weaknesses. With a large and well-trained health workforce, access to a wide range of high-quality medical specialists as well as secondary and tertiary institutions, patient outcomes are among the best in the world. But the US also suffers from incomplete coverage of its population, and health expenditure levels per person far exceed all other countries. Poor measures on many objective and subjective indicators of quality and outcomes plague the US health care system. In addition, an unequal distribution of resources across the country and among different population groups results in poor access to care for many citizens. Efforts to provide comprehensive, national health insurance in the United States go back to the Great Depression, and nearly every president since Harry S. Truman has proposed some form of national health insurance.
To many a metaphor for a semi-real place where fortunes are made and lost, Wall Street is actually a very real place with a very rich history. Among investors, “Wall Street” refers to the collective set of financial institutions in New York City including stock exchanges, banks, brokerages, commodity markets, money markets, hedge funds, etc.[1] These institutions buy and sell securities in capital markets. Securities are contracts, to borrow money or fund a company for a stake in its ownership for example, that can be traded at a price. Capital markets are the markets, like stock exchanges, where these securities are traded. Generally, companies need money to produce what they sell and investors have this money. Securities are instruments which get this money from investors to companies efficiently.[2]
Shakespeare’s play, The Tempest is set on a mysterious island surrounded by the ocean. Here the magician Prospero is ruler of the isle with his two servants Caliban and Ariel. Caliban is the abrasive, foul-mouthed son of the evil witch Sycorax. When Prospero was shipwrecked on the island Prospero treated him kindly but their relationship changed when Caliban tried to rape Prospero's daughter, Miranda. Caliban then became Prospero's unwilling servant. Caliban serves his master out of fear Prospero's wrath. Prospero's other servant Ariel is a graceful spirit who has courtesy and charm. Ariel has put her services at Prospero's disposal out of gratitude for his kind actions towards her. Prospero saved Ariel from the confinement of Sycorax who held her prisoner.
Caliban whom we are told is “not honour’d with a human shape,” (1.2.419) is the son of Sycorax who inhabited the island Prospero was banished to. After the death of his mother, Sycorax, Caliban falls under the rule of Prospero and becomes one his servants. Caliban is very different from Ariel in the fact that while Ariel is pleased to serve under Prospero’s rule, Caliban is not. In fact, we find out that Caliban is far from happy to be Prospero’s servant and even plots with two other men to end Prospero’s life. As we discussed in class Caliban is also more of an angry individual than what Ariel seems to be and this comes from the fact that Caliban believes he is the rightful king of the island and that Prospero had robbed him of what was his, which we find out when he says that he is “subject to a tyrant, a sorcerer, that by his cunning hath cheated me of the island” (3.2.40-41). Ariel, who we are told in act one, scene two was the old servant of Caliban’s mother Syco...