英语论文网

留学生硕士论文 英国论文 日语论文 澳洲论文 Turnitin剽窃检测 英语论文发表 留学中国 欧美文学特区 论文寄售中心 论文翻译中心 我要定制

Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal

英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献

ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter

澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文

小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法

英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查

temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语

经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目

日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题

职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意

商务英语翻译论文广告英语商务英语商务英语教学

无忧论文网

联系方式

香港课程作业:缘何花旗银行无法达成预期目标

论文作者:meisishow论文属性:课程作业 Coursework登出时间:2014-08-13编辑:meisishow点击率:6834

论文字数:1035论文编号:org201408101140266890语种:英语 English地区:澳门价格:免费论文

关键词:花旗预期目标target美联储高盛股东权益的回报率

摘要:花旗银行(Citibank, N.A.,中文名“花旗”源于上海市民对该行的习惯性称呼)是花旗集团属下的一家零售银行,其主要前身是1812年6月16日成立的“纽约城市银行”(City Bank of New York),经过近两个世纪的发展、并购,已成为美国最大的银行,也是一个在全球近一百五十个国家及地区设有分支机构的国际大银行,总部位于纽约市公园大道399号。

花旗想要达成2015年的目标是越来越不可能了,这个目标是首席代表迈克•科尔巴在第三大银行进行责任制改进时所发表的战略。


这家银行在上个月没有将股东的资本安全返还到美国许可的银行之中,所以接下来的两年之内银行不得不返还250亿美元的股东资本来达到2015年所制定的预期目标,该目标的核对心就是预计普通股本的收益率达到10%。


这些数学本身就具备挑战性,对于银行人员来说这是一个非常明显的错误。高盛经济分析师理查德说到。


股东权益的回报率被投资者及分析师密切关注着。


在美联储拒绝股份回购和股息计划之前,高盛已经估计花旗可能只能分发150亿美元股息,缺额大概100亿美元。


Citigroup is increasingly unlikely to meet a 2015 target that is central to chief executive Mike Corbat’s strategy of improving accountability at the US third-biggest bank.


The bank, which last month failed to secure Federal Reserve approval for its plans to return capital to shareholders, will have to return nearly $25bn in capital over the next two years to meet its 2015 target of 10 per cent return on tangible common equity, according to Goldman Sachs estimates.


“Mathematically it’s very challenging, this is a very clear setback for them,” said Richard Ramsden, Goldman Sachs analyst.


The return on equity measure is watched closely by investors and analysts.


Before the rejection of its share buyback and dividend plans by the Fed, Goldman had estimated Citi could only return $15bn, for a shortfall of about $10bn.


The Fed’s judgment that Citi is only authorised to maintain 2013’s rate of dividend payments and share buybacks has widened that gap to more than $17bn.


Chief financial officer John Gerspach told a conference last month: “Our target clearly requires increasing the amount of capital returned to our shareholders in the coming years, subject to regulatory approval.”


Citi is yet to resubmit fresh capital return plans to the Fed, which could narrow the gap at a later date if it secures authorisation. The bank declined to comment.


Meeting its midterm financial targets is an important part of the bank’s rehabilitation after taking a government bailout in 2008 and appointing four chief executives in just over a decade. It is also an important test for Mr Corbat, who was appointed in 2012 after Vikram Pandit was ousted.


The measure is calculated by dividing net income by tangible common equity – which excludes goodwill and other intangibles. In this case, consensus net income estimates were used for 2014 and 2015 to project the potential shortfall.


Returning more capital would have shrunk the denominator, helping to improve returns. The bank can still try to increase earnings, for example by accelerating its restructuring plans, to increase the numerator and help lift returns.


As part of Mr Corbat’s role-defining March 2013 speech, he laid out a set of core targets including a return on tangible common equity of at least 10 per cent by the end of 2015. He has also set expectations for a return on assets of at least 90 basis points and an efficiency ratio in the mid 50s per cent.


In 2013, it recorded an 8.2 per cent return on tangible common equity, a return on assets of 72 basis points and an efficiency ratio of 59 per cent.


The bank had wanted to increase its sha论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。

共 1/2 页首页上一页12下一页尾页

英国英国 澳大利亚澳大利亚 美国美国 加拿大加拿大 新西兰新西兰 新加坡新加坡 香港香港 日本日本 韩国韩国 法国法国 德国德国 爱尔兰爱尔兰 瑞士瑞士 荷兰荷兰 俄罗斯俄罗斯 西班牙西班牙 马来西亚马来西亚 南非南非