Introduction to Financial Services Essay Example | Topics and Well Written Essays - 1500 words

Introduction to Financial Services - Essay ExampleThe latter two correspond to its lines of railway linees for individuals and for corporations. The most recent developments in the companys operations and prospects include the inclination of its Latvian portfolio of mortgages to SwedBank AB, which occurred in February of 2012 the disposal of its AIB International Financial Services Limited and AIB Jerseytrust operations in 2011 the disposal of its stake in Bank Zachodni to Banco Santander SA in April 2011, comprising 70.4 percent of its total stake in that bound the disposal of its 50 percent stake in BZ WBK AIB summation Management likewise in April of 2011 and the acquisition of the east by south Building Society in July of 2011 (Google). It is noteworthy that while many of its activities are concentrated in Ireland, it has inviolable presence in the UK, and also some presence in the United States, the latter in the form of CICB banking work on offer to corporations in the US , as well as in the UK. Moreover, it has a business segment focused solely on Northern Ireland and Greater Britain, in the form of its AIB UK business segment. This business segment is registered in the UK, and operates under the name of Allied Irish Bank GB. This business segment operates 28 full branches all over the UK, with regular banking services coupled with corporate and international banking (Reuters). Meanwhile, due to Central Bank mandates for the bank to up its capital base, AIB raised 14.8 meg of new capital by dint of the floatation of new shares (AIB). The series of moves tied to this flotation effectively resulted in the Irish government coming to own all but a tiny reckon of all of the ordinary shares at AIB (AIB) On 31 March 2011, the Central Bank published its Financial Measures Programme Report, which detailed the outcome of PCAR 2011 and Prudential Liquidity sound judgment Review (PLAR) 2011 for certain Irish credit institutions, including AIB and EBS. On t his date, the Central Bank stated that it had set a new capital target for AIB and EBS, ultimately requiring AIB and EBS to generate a total of 14.8 billion of additional capital. This additional capital requirement was satisfied through AIBs placing of 5.0 billion of new ordinary shares with the NPRFC, capital contributions totalling 6.1 billion from the Minister for Finance and the NPRFC, the issue of 1.6 billion of contingent capital notes at par to the Minister (which completed on 27 July 2011), and further burden-sharing measures undertaken with the Groups subordinated debt-holders. Following these actions, the State, through the NPRFC, now owns 99.8% of the ordinary shares of AIB (AIB). II. Financial Performance The companys ADR is valued at $31.03 billion as of the latest stock market close, with the stock ranging in value from a high of $1.87 and a low of $0.56. The most recent stock price close is at $0.60. Below is a snapshot of the performance of its ADR stock price f rom September 2011 to the present (Google) Plot source Google While data on the ADR is recent and short-term, data on the five-year financial performance of the bank is available through to 2009 from 2005, hitting the years from 2007 when the global financial crisis hit, but missing out on the past few years data, including the data applicable to its recent flotation of ordinary shares that transferred ownership of most ordinary shares to the Irish governm