International Finance and Financial Management

What is Trust? In the business world is a fiduciary matter to manage and take responsibility for once asset based on their interest and objective. However, this fiduciary act has some errors, deception and fraud, hence the world we live in, some people live to the quote “take what you can and give nothing back” essentially describe in Wells Fargo account fraud and the CEO, directors and senior managers motive to close the secrecy. In the fraud story, Wells Fargo was charge for million in saving and checking account transaction fraudulent, where the company increase the accounts to one customer to have 8 accounts with the objective to obtain high income and commission, this is done by transferring funds from checking account to checking account in a cycle which the customer obtains additional fees, credit and expenses unaware of the transaction. The company was penalized around $185 million from the fraudulent action and the executives are currently charge on criminal and civ...

One of the most devastating occurrences in business and oil history, and questions the definition of business ethics and an accident. BP $30 billion blow out and cause high number of workers injured and 11 of the workers died. A tragic story that created the movie Deep Water Horizon, a master piece on real world events where people are working in dangerous areas and place. I watch a full documentary regarding the BP incident which devastated one of the biggest oil company and questioning the corporate governance for all company’s employment safety, hence high number of citizens provide dispute to the company and Barack Obama stands and provide consequences to BP insufficient management. What happen was, in the oil rig, there was a machine malfunction based on the kick which creates an oil spill and with high amount of pressure the oil will create flames and with that so much oil it destroyed the oil plant and a blowout. This incident caused the headline of business news maki...