Employability and Consulting Skills One Essay Example | Topics and Well Written Essays - 750 words

Employability and Consulting Skills One - Essay Example The role of the bank lies in mergers and acquisitions, debt and equity markets as well as in liquidity and payments management (Bank of America Merrill Lynch, 2014). The National Bank of Abu Dhabi can be thought of as the emerging bank in this sector. It is the largest lender bank of the country while second largest in UAE. The bank in under expansion on the markets of Hong Kong and have its footprints in Kuala Lumpur. Currently the bank is on the verge to triple its contribution by the introduction of sharia-complaint services in the countries of Oman and Malaysia (National Bank of Abu Dhabi, 2014). The name HSBC is the most popular and renowned name in this sector. The company is headquartered in London and provides financial services to consumers across the world. But the current condition of the bank looks gloomy. It is running on a short fall of $80 billion capitalization. As a result the bank had to restrict large cash withdrawals leaving customers frustrated. However the bank later apologised for the issue. The questionable assets on balance sheet are over rated and analysts consider that the bank needs to inject $58 billion to $111 billion by 2019 to stay afloat (HSBC, 2014). It is not possible to imagine a world without banks. The financial institutions are the cornerstone for the economy and contribute in the economy by transferring risks, providing liquidity as well as with financial information to both businesses and individuals. The role of bank became evident after the financial crisis and caught the attention of the people. Political: The scenario for bank of America Merrill Lynch and HSBC are stable mainly because they operate from developed nations and on the other hand the political tremors and tensions do not lay strong soil for NBAD. Economy: The economic condition for UK and US is more or less on stable grounds. In fact, the UK economy has witnessed fastest growth since 2007. The policies and implementations practiced by the