Reasons of Bank Failures in the US Term Paper Example | Topics and Well Written Essays - 2500 words

Reasons of Bank Failures in the US - Term Paper Example When a bank becomes unable to meet its obligations to its depositors or other creditors because of various reasons we will refer to it as bank failures. In Banking terms, banking failures occur when the banks may become insolvent or too illiquid to meet its liabilities. When we analyze bank failures in economic or market terms, we will get a clearer picture; a bank fails economically when the market value of its liabilities exceeds the market value of its assets. Such a scenario will prevent the banks from meeting the customer demands. In other words, a bank with fewer assets and more liabilities may not be able to fulfill the demands of all of its depositors on time. In such cases, it is quite possible that the failed banks may be taken over by the regulating agencies to protect the interests of its customers and the shareholders. Banking failures are considered as a serious matter because of the complex relations banks have with other organizations. For example, a failed bank may have a  lot of individual depositors, deposits from organizations and also it may have lent a huge amount of money to thousands of individuals and organizations. Moreover, many people might have invested in the shares of the same bank. Banking failures sometimes cause problems to other organizations also. Many people believe that a single bank failure can lead towards multiple bank failures because of the interconnection between banks. The recent financial crisis resulted in multiple bank failures not only in America but in Europe and other parts of the world as well. Lehman Brothers, Bank of America, AIG etc like big financial institutions suffered major setbacks during the recent recession.  

Counsel Retainment Essay Example | Topics and Well Written Essays - 1000 words

Counsel Retainment - Essay Example The following is the criteria that a firm should have for the fulfillment of the needs of the company for a general counsel. Such a firm should have significant experience in high dollar manufacturing and product liability. Due to the many laws and regulations in the aviation industry, the firm should have experience and expertise in cases and litigation involving aviation and be thoroughly familiar with FAA regulations. Additionally, international experience in the same areas is critical. These criteria have been chosen due to the high sensitivity of the contract. The company has been awarded a $50,000,000.00 subcontract to produce landing gear components for the next generation of commercial aircraft. This contract is very important to the company and, therefore, must get the best law firm to review the contract. It is also because the company has neither had an in-house counsel, nor been involved in litigation and, thus, has never retained outside counsel. It is important the best counsel be retained for the review of the contract. Following the research and recommendation of outside law firms, the fol lowing was documented as the recommendation: The firm seems to have all our requirements. The firm has an extensive list of awards and recognition including high honors for superior client service among law firms serving Fortune 1000 companies by BTI Client Service 30, 2015; and ranking in U.S News Media Group and Best Lawyers ‘Best Law Firms’ 2015. Additionally, 164 of the firm’s lawyers were recognized in the oldest lawyer-rating publications â€Å"Best Lawyers in America 2015†. A large majority of the firm’s aviation experience has been in product liability representation and counseling. They have provided product liability counseling to companies such as Boeing, Quest Aircraft, McDonnel Douglas Corporation and Garmin, and have represented clients manufacturing clients in cases involving airline