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

Introduction to Financial Services - Essay ExampleThe latter dickens correspond to its lines of businesses for individuals and for corporations. The most recent developments in the companys operations and prospects include the disposal of its Latvian portfolio of mortgages to Swed chamfer 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 carry in Bank Zachodni to Banco Santander SA in April 2011, comprising 70.4 percent of its total stake in that bank the disposal of its 50 percent stake in BZ WBK AIB Asset Management likewise in April of 2011 and the acquisition of the EBS building Society in July of 2011 (Google). It is noteworthy that while many of its activities are concentrated in Ireland, it has substantial front man 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 member focused solely on Northern Ireland and Greater Britain, in the form of its AIB UK business surgical incision. This business segment is registered in the UK, and operates under the name of Allied Irish Bank GB. This business segment operates 28 all told-embracing 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 billion of bare-assed capital through the flotation of invigorated shares (AIB). The series of moves tied to this flotation effectively resulted in the Irish government coming to own all but a tiny fraction of all of the banausic shares at AIB (AIB) On 31 meet 2011, the Central Bank published its Financial Measures Programme Report, which detailed the outcome of PCAR 2011 and Prudential Liquidity Assessment review (PLAR) 2011 for certain Irish credit institutions, i ncluding AIB and EBS. On this 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 excess 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 see 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 cherishd 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 from September 2011 to the present (Google) Plot extension Google While data on the ADR is recent and short-term, data on the five-year financial performance of the bank is obtainable through to 2009 from 2005, hitting the years from 2007 when the global financial crisis hit, but missing out on the chivalric few years data, including the data relevant to its recent flotation of ordinary shares that transferred ownership of most ordinary shares to the Irish governm