Banking, Capital Markets And Advisory

Our romantic relationship bankers have a comprehensive understanding of the wide range of complicated financial issues facing our clients. Combined with an understanding of the wide set of services offered by Citi, this understanding we can effectively deliver innovative solutions to our clients, wherever they can be found. Corporate Bank’s relationship bankers partner with product specialists to give a full array of corporate banking solutions, from cash management, foreign exchange, trade finance, custody, loans and clearing, to capital markets, derivatives, and organized products.

They also partner with our investment bankers to deliver investment banking capabilities to our romantic relationship clients. The Corporate Bank is organized primarily along industry lines and serves clients in more than 100 countries. This organizational model draws upon a deep knowledge of industry market and trends knowledge, based on a local presence dating 100 years in many of these markets back. It also allows us to give a steady blast of innovative cross border and local financial solutions tailored to the precise needs of our clients.

If it isn’t possible to determine the recoverable amount (fair value less costs of removal and value in use) for the individual asset, then determine recoverable amount for the asset’s cash-generating unit (CGU). The CGU is the smallest identifiable band of assets that produces cash inflows that are largely in addition to the cash inflows from other resources or sets of assets. Goodwill should each year be examined for impairment. IFRS 8 Operating Segments. If the holding amount of the unit exceeds the recoverable amount of the machine, the entity must recognise an impairment reduction.

If the preceding guideline is applied, further allocation of the impairment reduction is made pro rata to the other assets of the machine (group of products). Same strategy for the id of impaired assets: assess at each balance sheet time whether there is an indication an impairment loss may have reduced.

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If so, estimate recoverable amount. No reversal for unwinding of discount. The increased carrying amount due to reversal should not be more than what the depreciated historical cost would have been if the impairment had not been recognised. Adjust depreciation for future periods. Reversal of the impairment loss for goodwill is prohibited.

So, this business regrouped plus they shaped an investment bank or investment company, called Morgan Stanley. Morgan was, I think-not J.P. Morgan, it was his grandson. And so, those were two individual one. J.P. Morgan, commercial bank or investment company. Morgan Stanley, investment bank or investment company. Since then, as you remember, we’ve experienced a financial crisis. And for the reason that financial crisis, Glass-Steagall again got raised, because it seemed that the crisis was related to a number of shenanigans that firms were undertaking. And the federal government needed to bail out commercial banks. We discussed this, and it’s very controversial. So, the question is, did these banks enter trouble because we repealed Glass-Steagall?

A lot of people came on stating that. These banks were doing all sorts of screwy things that were dangerous, and we’re insuring them, so it can’t be. So, a lot of people said, we have to go back again. There is some inherent wisdom in Glass-Steagall that we’ve lost. Which was debated. Now incidentally-I didn’t point out this-Glass-Steagall was somehow confined to america.

Outside of america, I don’t know if there is any country, but as as I know far, U.S. So, outside of america they had what was called universal banking. And these banking institutions beyond the U.S. They sailed through the whole hundred years without being divided up.

’re at a competitive disadvantage. We Americans are in a competitive disadvantage to Europe, because we can’t do both, and they have more freedom than we. Therefore eventually, in 1999, we said, they could do both, so that U.S. But problems arose. And the nagging problems were-Paul Volcker, who was chairman of the Federal Reserve Board in the late ’70s, early ’80s, suggested something called the Volcker Rule.

And the Volcker Rule was not a full go back to Glass-Steagall, but-and this is now in the Dodd-Frank Act. It’s Section 619. It doesn’t say Volcker Rule there, but that’s what it is, and it prohibits proprietary trading at commercial banking institutions. So, that was the Volcker Rule that was put in. And this is within the Dodd-Frank Act of 2010. There is a senator.