my first blog

Barclays' Libor Scandal  "Honest, trustworthy and aboveboard" is the three important business purposes that barclays established over 300 years ago. From a small gold shop on the streets of London to the current financial Titan, barclays has achieved such a success through its three aims. But when Bob diamond, who was caught up in the Libor scandal and had to resign, was asked in parliament what was barclays' most important  aim, he was hesitant. This is really surprising. Barclays' employees were asked to study these three purposes when they entered the company. However, the scandal has proved that barclays has completely betrayed its fundamental principles. In December 2007, a barclays bank employee once wrote in a letter: "in essence, we are becoming dishonesty, and could damage our reputation in the eyes of market and regulatory agencies." Ironically, as the employee wrote the email, barclays was preparing to play "financial hero"...

Merger and Acquisitions of Media Giants Recently, the media industry may face a lot of separation and restructuring. According to FT.com, Comcast, Verizon and Disney, all three have been in talks with 21st Century Fox. These companies are all traditional media companies. Under the current development of science, traditional media faces the pressure from technology, viewing habits and the rise of Internet. Such a restructuring between the media giants is bound to attract the attention of regulators. Despite Comcast's successful acquisition of NBS Universal, it is because competition regulators want to know why behavioral therapies failed to protect consumer interests and competition. as a result, AT&T's acquisition of Time Warner is still under regulatory scrutiny. Because antitrust authorities have repeatedly shown that opposed to media distributors controlling the content producers. In fact, Time Warner was once acquires by America Online, the largest acquisi...

Bud Will Never Become The Gekko He Once Worshipped Wall Street has always been a love-hate term, and if you aspire to be the financial elite, you'll be proud to work in Wall Street. But if your company goes bust because of Wall Street's financial operations, then you will think it's a place full of sin. Profit is the essence of the enterprise, but can people resist the lure of money in the process of making profits? The Wall Street film tells the story of the greed and moral laws that took place on Wall Street. At the beginning of the movie, in addition to the crowded elevator and busy office that can be seen in other movies, the special one is the first line of the protagonist: "Morning, Dan, what's looking good today?". The word "Wall Street" has gone beyond the street itself, it could even refer to financial markets and financial institutions that have an impact on the entire US and even the global  economy. Like Gordon Gekko's man, L...

The Progressive Dividend Policy of Sainsbury and Burberry After reading "Burberry plans to move more upmarket to be 'firmly in luxury' "and "Opening Quote: Sainsbury's cutting costs, Burberry's cutting remarks" in Financial Times, I have discovered, Burberry and Sainsbury has plans to cut costs, and they are going to a progressive dividend policy. The progressive dividend policy applies to companies that are mature, with less demand for capacity expansion, and stable profitability. Burberry's new chief executive, Marco Gobbetti, said they would not bring profits down and would return excess cash. They want to tell shareholders that such a choice would bring better value to shareholders. Nevertheless, Sainsbury's grocery sales growth slowed in the first half of this year, the basic operating margins also fell, however, its annual pre-tax profit forecast is still in line with the current market consensus, this means that the second half...