Business Environment HSBC bank Free Essay Example, 1000 words

Provide Debit cards which easy access to the cash in your account, but can cause you to rack up fees if youre not careful. Regularly balance your checkbook or developing another method to stay on top of your account balance is essential to successfully managing your checking account and avoiding fees and bounced checks. Managing your day-to-day expenses, banks offer a variety of options for saving, including money market accounts, CDs, high-interest online savings accounts and basic savings accounts. 3.2 The way market forces shape an organization. The forces that operate within the environment where an organization carries out its activities largely determine how well or otherwise the organization performs. It is noted for instance, that banks that HSBC is among just a handful of banks who are not indebted to the U. K government. This has set the organization apart and made it attractive for local and foreign investors. If we take, for example the largely publicized and high hitting market crunch of 2008-2009, it is possible to conclude that several banks, especially in the US and the UK went down for various reasons. We will write a custom essay sample on Business Environment HSBC bank or any topic specifically for you Only $17.96 $11.86/pageorder now However, HSBC is noted to have gone through the crises without resorting to borrowing as did several other banks. In the years following the downturn, the bank has continuously recorded high profits. To some extent, this can be attributed to the ability of the bank to strongly survive the crises while other industry players were almost down on their knees. Surviving under such market conditions makes helps to credit an organization and this may mean higher and good returns. All the same, it is important to note that market forces do not always work in favour of organization. In the wake increasing terror attacks, questions have been raised of some organization’s involvement in transactions that benefit terror groups directly or indirectly. In 2000, for instance HSBC was fined $100,000 by the US treasury department for carrying out transactions that benefited the Taliban, which was allegedly plotting the 9/11 attack at that time. Although this may be deemed as a significantly low figure in consideration of the banks’ profits, such an occurrence paints a bad picture in the eyes of the general public and other investors who may have interest in the bank. The most recent occurrence being the resignation of top bank official at HSBC over money laundering claims. It is important to ask how such occurrences influence the market or how the larger environment contribute to such occurrences.