The writer is very fast, professional and responded to the review request fast also. Thank you.
Presentation/PPT
27/08/2022
Big Profit in a Small Branch of Hastings Bank
You are Travis Carter. You work in the Singapore office of Hastings Bank – one of the biggest and oldest banks in the world. The economy in much of the world has been doing poorly and the earnings of most banks are very low at the moment. Hastings bank has been exceptional in that it has done very well in difficult times and senior management has been receiving glowing write ups in international business magazines.
As chief accountant for the Singapore office, you have recently come across information suggesting that most of Hastings bank’s enormous international profit is coming from your small branch. This is disturbing because the main activity in your branch is arbitraging the Singapore and Hong Kong stock exchanges. This mean that anytime the same company’s stock is listed on both exchanges at different prices, your group buys at the low price and immediately resells on the other exchange at the high price. Price differences are typically tiny, and so profit on this activity is very low – but there is almost no risk involved for the bank.
It has occurred to you that maybe the division was earning much larger returns because instead of arbitraging stocks between the two exchanges, depositors’ money was invested in particular stocks. This would yield substantial profit in recent years because the companies listed on local stock exchanges have been doing very well even as the rest of the world has done poorly. It is also a very risky strategy, and if the stock values go down the bank could lose massive amounts of money. It has also occurred to you that the only person who could do this without general awareness is division chief (and your boss) Lee Ponsie.
You and the other employees at the Singapore branch have been enjoying substantial bonuses due to the branch’s unusually profitable experience. If you report your suspicions to Hastings Corporate offices it will cause an investigation to begin that would likely lead to many people (including your boss) getting fired—if it turns out that your suspicions are correct. Of course, if your suspicions are not correct you will have endangered the jobs and pay of your colleagues, and likely be under substantial pressure from Lee Ponsie.
Should you report your suspicions to the corporate office? Write an essay concerning the best ethical choice for Travis Carter using both of the following approaches developed in class:
1. Justice Theory
2. Front-Page Test
Show more
The writer is very fast, professional and responded to the review request fast also. Thank you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more