Investment and Private banking Assignment Example | Topics and Well Written Essays - 3250 words

Investment and Private banking - Assignment Example A large market share of the UK banking sector is at the hands of a few banks due to mergers and acquisition. This has made the market less competitive due to reduction in the number of independent private banks. However, UK has been successful for many years as a financial sector with many foreign banks entering the market. Hoare’s bank has defied the above mergers and acquisitions and remains as one of the oldest independent private bank in the UK. It is managed and financed by the descendants of Sir Richard Hoare who was its founder. The bank has been profitable for many years and maintains a relatively small customer base. This has enabled it to specialize in personalized private banking. It has a range of banking services tailored to satisfy individual’s customer needs as well as wealth management. The bank has put up measures to ensure that only trusted and high net worth individuals open accounts at the bank. The bank has also embraced IT to help it improve the efficiency of service delivery. However, it is recommended that the branch should open more branches to add to the current two and thus give access to more customers. It should also improve its IT systems to deter cyber frauds. Introduction In the 1960s, there were eleven English clearing banks and five Scottish banks (Melton 2002). Five decades later, mergers and acquisition have led to the creation of four major players in the UK namely; Barclays, Lloyds Banking Group, Royal Bank of Scotland, and HSBC (Temim & Voth 2013).

Your opinion about illegal immigration ( is it good or bad for the Essay

Your opinion about illegal immigration ( is it good or bad for the U.S.) - Essay Example Looking to explore immigration policies and the recent desire in the United States to allow immigrants to apply for legal immigration despite the fact that many have resided in the United States illegally for years, the following essay will argue that the United States has a duty to protect the most vulnerable citizens of the world. Accordingly, this essay will argue that the legalization of migrant workers is a positive step for the United States of America (Pew Research Center, 2009). Migration is an important issue which is gaining increasing attention in an era of economic interdependence, the movement of people across borders and the globalization phenomenon. Today, it is estimated that up to million people live in the United States illegally as undocumented workers and illegal aliens (Pew Research Center, 2009). Why do people choose to migrate from one place to another? Economic opportunity is one of the most important factors which draws people to the United States of America, the unequivocal land of opportunity. Accordingly, the decision of the Irish to immigrate to the United States during the height of the Potato Famine – it estimated that approximately 3.5 million Irishmen and women immigrated to the United States alone from 1820 to 1880 – supports some the idea that economic opportunity draws people to the United States. As a result, extreme and unfavorable conditions in Ireland paved the way for a large influx of migrants to the United St ates following economic crisis in the homeland. According to the Pew Research Center, California is the home of the largest number of undocumented workers and illegal migrants, largely as a result of the belief of opportunity in that state. Immigrants today, particularly from the poorer regions of the world, immigrate to the United States for similar reasons and their status should be legalized in order to facilitate the growth of this country, a nation of immigrants since it