We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Financial crime - PowerPoint Presentation Example

Comments (0)
AIG, the American insurance giant would have been subject to the greatest financial crisis of America if not for the $85 billion rescue loan offered by the government. The most debated issue during the downfall of the company was the bets placed on credit default swaps, which…
Download full paper
Financial crime
Read TextPreview

Extract of sample
Financial crime

Download file to see previous pages... There were financial crimes involved in the issue, which included the addition of $500 million to the company’s loan loss reserve. The company was in fact, not as successful as it claimed to be and many of its executives were also suspected to have been involved in financial frauds. The primary reasons that contributed to the downfall of the company were the bets placed on credit default swaps, the unrealistic accounting strategies of the company and the underlying financial crimes that prevented investors from predicting the downfall of the company.
Credit default swap is more like an insurance that would receive payments from the buyer makes payments and in the event of facing loss from debts or loans, the company would give a pay off. The company got itself into riskier financial products as it allowed collateralized assets groups and subprime mortgage pools to invest in credit default swaps, since it would not be possible to assess the real value of these groups. When there were sever losses in the housing market, most of the pools that the company had insured began to face losses. At the point where the company had to pay off almost all of its investors, the company was almost bankrupt. This also made evident that the company had shown its loss loan reserve values to be higher than it was.
When the financial crisis faced by AIG was under scrutiny, it was brought to light that the company had been warned twice before of its improper records and books. The liabilities that the company was subject to as a result of the financial products were not accounted for as necessary. The company had been warned of its book records and the assets valuation was reported as lacking in accuracy, failing to provide a clear understanding of the impact of its products on AIG’s finances. The accounting strategy that contributed considerably to the company’s downfall was the “fair-value” accounting ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Work Perspectives
Work Perspectives Paper and Outline Name Name Name Name Course Subject University Professor Work Perspectives Paper and Outline Introduction Certain factors play in the realization of building effective leadership. And these factors include the values, ethical concerns, shared visions of the future and effective communication.
10 Pages(2500 words)PowerPoint Presentation
Financial Overview For the Global Venture
Product price, promotion, packaging and positioning have to be done effectively in order to penetrate and fulfill the market expected demand. They also have to work out their supply chain networks since they are moving their operations to a new country where they might face issues regarding the product distribution.
10 Pages(500 words)PowerPoint Presentation
The Role of IMF(International Monetary Fund) and its impact on Poblic Policy in China and South Korea
This region is made up of countries such as China, Taiwan, Japan and Korea. The basic reason for selecting China and South Korea is the fact that both countries constitute a higher percentage population of the overall East Asia region. Additionally, the two
4 Pages(1000 words)PowerPoint Presentation
Creating a Business Plan Project and Presentation (Course-Advanced Business Dimensions of Health Care)
The new unit is part of the largest health care system, Metro Hospital Network. It is aimed at providing the social services to the larger population due to the demand in the country. The unit is to
8 Pages(2000 words)PowerPoint Presentation
Financial Crime
District Judge Robert B. Kugler. The case which is being heard in Camden, New Jersey finds Leshner admitting to aiding and abetting in a conspiracy to commit wire fraud. “Leshner and 12 others – including Scarfo, an alleged member of the Lucchese La Cosa Nostra
1 Pages(250 words)Essay
Comparative governance
As per the state senator of Colorado the main purpose of the government of a country is to achieve the goals that are not achievable for an individual corporation. The best possible to understand actual
6 Pages(1500 words)PowerPoint Presentation
The goverment should make the guns illegal -Con
However, following some of the dangers associated with gun ownership, it is crucial to ensure that the government makes the guns illegal. Making the guns illegal is important in controlling, preventing as well as minimizing the possible dangers that may be associated with
1 Pages(250 words)PowerPoint Presentation
Financial Crises Presentation
Almost every financial crisis in the past was either resultant of failure bank or resulted in bank runs (Diamond and Dybvig, 1983, pp.401-419). Very recently the US economy has started to rollback its quantitative easing programme as the economy is struggles
10 Pages(2500 words)PowerPoint Presentation
Citizen centric report/comprehensive annual financial report on the city of Glendale Arizona
As such, this report will discuss the significance of CARF and various that comprise this financial report. The report will also outline the correlation between the city’s internal funds and
8 Pages(2000 words)PowerPoint Presentation
International financial reporting standards (IFRS) - Presentation
IFRS gives general direction to the preparation of financial statements, as opposed to setting regulations for industry-particular reporting. Having a universal standard is particularly important for vast organizations that have
12 Pages(3000 words)PowerPoint Presentation
Let us find you another PowerPoint Presentation on topic Financial crime for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us