Integration Management (HSBC and Oman International Bank (OIB) Merge) Essay

Integration Management (HSBC and Oman International Bank (OIB) Merge) - Essay Example Unable to procure more deposits and gain asset improvement and growth, OIB was ill-equipped to sustain a strong competitive presence domestically and internationally. Synergies of the merger include better marketing prowess, how to utilise market research studies to create more customer-centric and relevant services, streamlining of the banking service model to include more electronic banking elements, and decentralisation of business practices to generate more innovative solutions supported by HSBC’s very strong economic portfolio to make changes necessary to adjust to changing market conditions. It is through the merger that the previous business entity Oman International Bank will be able to effectively compete with domestic financial institutions and prepare the organisation for building a global competitive presence. TABLE OF CONTENTS EXECUTIVE SUMMARY 1.0 Introduction......................................................................................................... ..... 2.0 The rationale for the merger – defining the problem............................................... 2.1 Government and institutional problems....................................................... 3.0 Achieving synergies through the merger – solutions to the problem....................... 4.0 Conclusion................................................................................................................ ... side of the more obvious strategic intentions of the merger related to improving the financial portfolio of HBSC and OIB, it is anticipated that this merger will lead to a variety of significant synergies that will make the new entity, HSBC Bank Oman SAOG, more competitive in the Middle East. As a conglomerate whole, HSBC Holdings Plc earned total revenues of 75.6 billion USD in 2012, sustaining an asset valuation of 2.69 trillion USD (HSBC 2012), making HSBC the largest bank in the world in terms of revenues and total liquidity. HSBC is also the sixth largest publicly traded business in the globe as reported by Forbes Magazine in 2012, even larger than Royal Dutch Shell and Berkshire Hathaway (Forbes 2013). HSBC now owns 51 percent, a majority holding, of OIB (AME Info 2012). Established in 1984, Oman International Bank, a bank maintaining 82 different branches in Oman and four branches in Pakistan and India, maintained total assets of 703.7 million rial (the official currency of Om an) in 2011 (GBCM 2011). Until the merger with HSBC, Oman International Bank (OIB) was 100 percent owned by the Omani government. Unfortunately, OIB was the only bank operating in Oman that experienced a net loss in net income of 9.2 percent whilst other banks in the sector, including Ahli Bank and Bank Sohar experienced net income growth of 28.8 percent and 14.8 percent respectively (GBCM 2011). Because of this inability to improve net income growth, the merger between OIB and HSBC represented a significant opportunity to improve the bank’s financial position and liquidity. This merger between HSBC and OIB was only approved in June of 2012, making the merged entity now known as HSBC Bank Oman in the earliest development stages of the alliance. As such, there is limited published

Cellular Biology Article Discussion-Gene Sharing Yields an Enzyme with

Cellular Biology Discussion-Gene Sharing Yields an Enzyme with Two Binding Sites in One Subunit - Article Example It is well recognized that mitochondria have an important role to play in the development of reperfusion injury. Against this backdrop, the paper titled, â€Å"Mitochondrial Death Channels† by Webster, K.A., addresses the actual mechanism of mitochondrial action of promoting reperfusion injury. The important and individual roles played by two mitochondrial death channels, the mitochondrial permeability transition pore (mPTP) and the mitochondrial apoptosis channel (mAC) in the promotion of infarction are described. It explains in detail, how, during a heart attack, mPTP, under the regulation of calcium and oxidative stress, causes necrotic death while both mPTP and mAC channels are involved in apoptosis. Apoptosis or programmed cell death is an intrinsic cellular process, just as mitosis is. Cell suicides are resorted to in the course of development for example, resorption of the tadpole tail during metamorphosis into a frog, or to destroy cells that represent a threat to the integrity of the organism, or when signals needed for continued survival are lacking. Apoptosis is different from necrosis in that it affects individual cells whereas necrosis affects groups of contiguous cells. Cardiovascular diseases which are the leading cause of death in all developed countries are characterized by the loss of cardiomyocytes due to cell death. Earlier, cell death in myocardial infarction was believed to be caused solely by necrosis. However, recent studies have shown the involvement of apoptosis, too, in the process of myocardial tissue damage subsequent to heart attack (Krijnen et al., 2002). Besides, apoptosis in cardiomyocytes is mediated by mitochondria through the two mitochondrial dea th channels namely, mPTP and mAC as shown in the current paper. Mitochondria are known to be important mediators of cardiac injury during ischemia and