Fundamentals of Corporate Finance
Fundamentals of Corporate Finance
11th Edition
ISBN: 9781259870576
Author: Ross
Publisher: MCG
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Chapter 1, Problem 5CRCT
Summary Introduction

To discuss: The two unique groups, which report to the CFO (Chief Financial Officer).

Introduction:

The corporate finance is the financial area that deals with the sources of money and the corporation’s capital structure. It is mainly concerned with maximizing the value of the shareholders through short-term and long-term financial planning and execution of many strategies.

Summary Introduction

To think critically about: The group that focuses on corporate finance.

Introduction:

The corporate finance is the financial area that deals with the sources of money and the corporation’s capital structure. It is mainly concerned with maximizing the value of the shareholders through short-term and long-term financial planning and execution of many strategies.

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Citibank is a US Bank which lost US$500 million due to human error in August 2020. Read the case noted in the link below, and answer the following questions:  https://finopsinfo.com/investors/citis-900m-blunder-casts-light-on-poor-loan-ops/ Develop a risk management programme appropriate for this case (use attached template) Explain how compliance to this risk management programme can prevent the operation risk issue experienced by      Citibank. Discuss the importance of an internal risk assessment and auditing process in relation to this case Step 1 Risks Brief description & how it relates to the case                 Step 2   List of possible risks Likelihood/Probability of occurrenceH/M/L or Nil Impact (if occurred)H/M/L or Nil What is being done about it now What more can be done about it Dept. where risk exposure exists                                                               Step 3   Risk identified Impact (if occurred)H/M/L…
Citibank is a US Bank which lost US$500 million due to human error in August 2020. Read the case noted in the link below, and answer the following questions:  https://finopsinfo.com/investors/citis-900m-blunder-casts-light-on-poor-loan-ops/ Develop a risk management programme appropriate for this case (use attached template) Explain how compliance to this risk management programme can prevent the operation risk issue experienced by      Citibank. Discuss the importance of an internal risk assessment and auditing process in relation to this case
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