The Finance department at Infosys is responsible for tracking and reporting the financial health and performance of the company (including all the subsidiaries). If Wells Fargo, PNC, Goldman Sachs or Regions books a $25 million, ten-year loan to a corporate client, then it must determine an expected loss based on 10 years, not one or two years. How much could Wells Fargo be expected to lose over a 10-year loan life? Under most scenarios, the expected loss over 10 years would be significantly higher than an expected loss over a year or two, if only because the elapse of time presents many scenarios for the borrower to default.
The module is designed to provide students with a critical understanding of a select range of issues impacting the business environment. The module positions globalisation and the multi-national enterprise as inter-linked themes pivotal to understanding and grappling with the challenges and opportunities in the contemporary setting of international business.
The old Merrill Lynch franchise still thrives at Bank of America, at least on the merger front. Banks that have threatened for the past 2-3 years to downsize investment banking (Credit Suisse, Barclays, UBS, and Deutsche) still remain locked down in the top 10. In fact, the ranking of UBS, a bank that announced a notable departure from investment banking, improved, as it remains a leader in Asia.