Equity Capital Market

commercial domestic and foreign banks operating in the 15 EU countries over the period 1995–2001. The results indicate that profitability of both domestic and foreign banks is affected not only by bank’s specific characteristics but also by financial market structure and macroeconomic conditions. All the variables, with the exception of concentration in the case of domestic banks profits, are significant although their impact and relation with profits is not always the same for domestic and foreign banks

refers to the rapid increase in the share of economic activity taking place across national boundaries. * Find the vocabulary linked to globalisation (flows, hubs, ...) Capitalism, economy, expending trade, americanisation, commerce, capitals, borderless market, communication, developped and developping countries, multinationals * What are the problems of globalisation ? - increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest

Spotlight: Wealth Management Firms Adapt to Meet Unique Needs of Growth Markets .............................................................. 24 Aligned Service-Delivery Models Can Drive Significant Value ....................... 26 A Rightly-Sized and Executed IT Strategy Can Reduce Risks of Entering a New Growth Market ................................. 28 Wealth Management Firms Encounter New Challenges When Addressing Growth-Market Needs ................................................... 30 The War

années 1990 Invasion de l’économie moderne, popularité telle que tout le monde veut en faire partie Le luxe aujourd’hui Le luxe est partout Apparition du nouveaux termes: Vrai luxe Opuluxe Hyperluxe Premium ... Masstige: Contraction de “mass market” et“prestige” 2 08/10/2010 La dualité du Luxe Historically social stratification is gradually disappearing in a democratic society, luxury may lead to social stratification • Luxury for others: Luxury is a social marker People defines themselves

CCP (Central Counterparty) Les CSD (Central Securities Depository) 3 TOUS LES INSTRUMENTS NE SONT PAS ADMIS A LA COMPENSATION Le code monétaire et financier définit les instruments financiers en 4 catégories Compensation Les titres de capital émis par les sociétés par actions OUI Titres de créances (obligations, FCC, TCN, BT, BMTN, certificats de dépôts) Les parts ou actions d'organismes de placements collectifs (OPCVM, SICAV, FCP) Les instruments financiers à terme (instruments

avec la mise en place de modèles internes, les intermédiaires financiers ont progressivement abandonné les activités de trading ou d’arbitrage pour compte propre. Ainsi de talentueux spécialistes se sont retrouvés sans job ou sans suffisamment de capital pour profiter des opportunités de marché. 1998 a eu l’effet d’un coup de tonnerre pour cette industrie naissante. La moyenne des performances a été négative pour la première fois. De plus, il est apparu que les risques de crédit et de liquidité n’étaient

using business aircraft were less impacted than nonusers. Indeed, 69 percent of these companies posted greater top line growth2 in 2008 and 2009. Better Customer Access: Business aviation provided SME companies better with access to customers and markets not conveniently accessible by other means of transportation, improving customer retention and securing new sources of revenue. These findings were supported through analysis of key financial performance metrics (Figure 1), which clearly show that

the right store format, helpful services, the appropriate product mix, and a reliable privatelabel brand.  Developing new store formats The group’s aim is to attract the greatest possible number of people to their retail stores. As different market segments have different needs, they need to have different formats of retail shops to fulfil these needs. For instance, elderly person often do not have a car and live alone, so they need a store near their house: they need district shops. However

Infrastructure (e.g. Financing, Planning, Investor Relations) Support Activities Human Resource Management (e.g. Recruiting, Training, Compensation System) Technology Development (e.g. Product Design, Testing, Process Design, Material Research, Market Research) M a r g Procurement (e.g. Components, Machinery, Advertising, Services) Value What buyers are willing to pay Inbound Logistics (e.g. Incoming Material Storage, Data Collection, Service, Customer Access) Operations (e.g

d’autres opérations dites de « haut de bilan »: - Les fusions et acquisitions - Equity Capital Markets : introduction en bourse ou augmentation de capital - Corporate Equity Deritatives concerne les opérations utilisant des dérivés de crédit : programmes de rachat d’actions ou couverture des stock-options. - Syndication de crédits gère les opérations arrangées par CA-CIB sur le marché des crédits syndiqués. EQUITY BROKERAGE ET DERITATIVES Cette partie rassemble le courtage d’actions en Europe