JPMorgan Chase & Co JPMorgan Chase & Co. is an American multinational banking corporation of securities, investments and retail. Company Facts Largest bank in the United States by assets Major provider of financial services Having assets of over $2 trillion World’s second largest public company based on a composite ranking  (Source: Forbes magazine) Hedge fund […]

Deutsche Bank AG, is a German global banking and financial services company. Facts about Deutsche Bank Headquartered in the Frankfurt, Germany Employs more than 78,000 people Presence in over 70 countries Large presence in Europe and is growing in North America, Asia and key emerging markets In 2009, it was the largest foreign exchange dealer […]

Globalization It has been said time and again how Globalization has led to increasing prosperity around the globe with free movement of capital and trade. But what has been not been emphasized enough is that how the easy movement of capital has exacerbated loot and plunder on a global scale. Tinpot dictators and cronies have […]

Private Banking in India has become one of the fastest growing businesses in the country with a rising wave of millionaires forming an attractive target segment for MNC banks looking for growth.Top Indian Banks have given spectacular returns driven by India’s 8% GDP growth and increasing financial penetration.Note Private Banking or Wealth Management business involves providing taxation,wealth managment,investment,insurance and other financial products under one umbrella to wealthy customers.The private banking customers recieve privileged services from the banks who provide a one stop contact person in the shape of a “relationship manager”.Compare this to normal banking customers who face namelss contact centre operators with little knowledge.Most of the foreign banks in India like Barclays,Standard Chartered,Citibank which have a big presence in India have been hiring aggressively and targeting wealthy customers through a big marketing spend.However the services being given leave a lot to be desired.”Trust” is the biggest quality in a banking relationship as a customer trusts his life savings and in this quality these banks have failed miserably.