Banking and Financial Services Section 1.1 Essay example

Submitted By Alicia-Yu
Words: 286
Pages: 2

Chapter 1: The Business of Banking
Section 1.1: Introduction To Banking

Instructions:
1. Match the number on the post-it on your computer to the bank listed below:
TOP TEN LARGEST BANKS WORLDWIDE ( Ranked by size of assets)
Bank
Country
1. Mizuho Financial Group
Japan
2. Citigroup
United States
3. Deutshche Bank
Germany
4. JP Morgan Chase Co.
United States
5. Bank of Toklyo-Mitsubishi
Japan
6. HSBC Holdings
United Kingdom
7. Hypo Vereinsbank
Germany
8. UBS
Switzerland
9. BNP Parabas
France
10. Bank of America Corp.
United States

Research the institution to find out the answers to the following questions:
1. Give a brief history of the bank. Established in 2003, Mizuho Financial Group is located in Otemachi Tower in Chiyoda-ku, Tokya. The company's combined holdings form the second largest financial services group in Japan. Mizuho offers a large range of financial services and is currently employing more than 68,000 people in 30 countries.
2. Has this bank ever merged with other banks? If so, which ones? Yes, Dai-Ichi Kangyo Bank, Fuji Bank, and the Industrial Bank of Japan in 2000.

3. How much is the bank worth? How much do they own in assets? The bank holds $2 trillion US dollars.

4. Find two corporate customers of the bank. Mizuho Research Institute, Mizuho Information & Research Institute.

2. Choose one financial institution that we have locally for each type of bank below.
a. Commercial Bank: Bank of America
b. Retail