mistake. There are several reasons for this, not the least of which is the critical, fundamental difference between investment banking and retail or commercial banking. But the protections that Glass-Steagall put into place guarded against issues that were relevant in the 1930s but never stopped being relevant. The financial crisis of 2007-2009 is strong evidence that the need to protect against commercial banking volatility is more important that the need to allow investment banks to \"innovate\". This paper will illustrate the case that repealing Glass-Steagall was a mistake.
Glass-Steagall Act
It is important to understand the environment in which Glass-Steagall was passed in order to understand the merits… Continue Reading...
The company provides a wide range of financial services including, but not limited to, investment management and investment banking (Yahoo Finance, 2018). As an open system the company has a variety of subsystems operating therein, i.e. fund managers, support staff, compliance heads, etc. Other subsystems operating within the company include the wealth advisory service, underwriting service, strategic advisory services, etc. As Chance and Chance (2002) point out, there is often a complex interaction between subsystems. It is also important to note that apart from receiving input from the external environment, Goldman Sachs also exports some output to the very same environment. In essence, investor expectations, regulatory mandates,… Continue Reading...
creating the opportunity for positive growth and change.
Threats
• External (environmental) changes include investment banking trending towards larger account management
• Competition from smaller banks for smaller accounts cuts into the organization's small account business
• New clients are coming in slowly
• Inflation rates are high
• Unemployment levels are high
References
Organizational Communication: Bill Brady Case.
SWOT Analysis. Retrieved online: https://www.mindtools.com/pages/article/newTMC_05.htm
SWOT Analysis. Retrieved online: http://ctb.ku.edu/en/table-of-contents/assessment/assessing-community-needs-and-resources/swot-analysis/main Continue Reading...
