| Industries |
|---|
| Asset Management and Custody Banks |
| Diversified Financial Services |
| Technology Hardware Storage and Peripherals |
| Information Technology |
| Technology Hardware and Equipment |
| Real Estate |
| Real Estate Services |
| Exposures |
|---|
| Military |
| Provide |
| Rights |
| Regime |
| Leadership |
| Economic |
| Political reform |
| Event Codes |
|---|
| Solicit support |
| Warn |
| Yield to order |
| Sports contest |
| Host meeting |
| Acknowledge responsibility |
| Sanction |
| Agree |
| Adjust |
| Accident |
| Force |
| Wiki | Wiki Summary |
|---|---|
| Financial condition report | In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters. |
| Balance sheet | In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. |
| Financial statement | Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand. |
| Financial ratio | A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization. |
| Financial law | Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally. |
| Financial analysis | Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports. |
| Form 10-K | A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document). |
| Federal takeover of Fannie Mae and Freddie Mac | In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis. |
| Arithmetic | Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today. |
| Operation Mincemeat | Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin. |
| Operations management | Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements. |
| Emergency operations center | An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands. |
| Operations research | Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences. |
| Surgery | Surgery is a medical or dental specialty that uses operative manual and instrumental techniques on a person to investigate or treat a pathological condition such as a disease or injury, to help improve bodily function, appearance, or to repair unwanted ruptured areas.\nThe act of performing surgery may be called a surgical procedure, operation, or simply "surgery". |
| Bitwise operation | In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor. |
| Operation (mathematics) | In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation. |
| Systemically important financial institution | A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail".As the financial crisis of 2007–2008 unfolded, the international community moved to protect the global financial system through preventing the failure of SIFIs, or, if one does fail, limiting the adverse effects of its failure. |
| Company | A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. |
| The Walt Disney Company | The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986. |
| Holding company | A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. |
| Estadi Olímpic Lluís Companys | Estadi Olímpic Lluís Companys (Catalan pronunciation: [əsˈtaði uˈlimpiɡ ʎuˈis kumˈpaɲs], formerly known as the Estadi Olímpic de Montjuïc and Estadio de Montjuic) is a stadium in Barcelona, Catalonia, Spain. Originally built in 1927 for the 1929 International Exposition in the city (and Barcelona's bid for the 1936 Summer Olympics, which were awarded to Berlin), it was renovated in 1989 to be the main stadium for the 1992 Summer Olympics and 1992 Summer Paralympics. |
| Companys, procés a Catalunya | Companys, procés a Catalunya (Spanish: Companys, proceso a Cataluña) is a 1979 Spanish Catalan drama film directed by Josep Maria Forn, based on the last months of the life of the President of Catalonia, Lluís Companys, in which he shows his detention by the Nazis and his subsequent execution by the Spanish Francoists. It competed in the Un Certain Regard section at the 1979 Cannes Film Festival. |
| Conxita Julià | Conxita Julià i Farrés (Catalan pronunciation: [kuɲˈʃitə ʒuliˈa j fəˈres]; 11 June 1920 – 9 January 2019), also known as Conxita de Carrasco, was a Catalan woman noted for her dealings with Lluís Companys, President of Catalonia, in the 1930s, and for her poetry. Julià died in January 2019 at the age of 98. |
| Amazon (company) | Amazon.com, Inc. ( AM-ə-zon) is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. |
| El Tarròs | El Tarròs (Spanish: Tarrós) is a small village in Tornabous municipality, in the province of Lleida, in Catalonia, Spain. In 2008 it had 100 inhabitants. |
| Capital market | A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. |
| E-Dreams | e-Dreams is a 2001 American documentary film directed by Wonsuk Chin portraying the rise and fall of Kozmo.com, an online convenience store that used bike messengers to deliver goods ordered online within an hour.\nThe movie follows Joseph Park and Yong Kang, 28-year-old Korean Americans, whose company started as Park's idea in 1998 and by January 1999 became a reality in a warehouse with a small group of employees and grew to 3,000 employees and an 11-city network within a year. |
| Founder CEO | A founder CEO is an individual who establishes a company and holds its chief executive officer (CEO) position. If the firm's CEO is not a founder or the founder CEO is succeeded, the firm is said to be led by a non-founder CEO or successor CEO. \nResearch has highlighted differences between the founder and non-founder CEOs that influence firm performance. |
| Closed-end fund | A closed-end fund (CEF) or closed-ended fund is a collective investment model based on issuing a fixed number of shares which are not redeemable from the fund. Unlike open-end funds, new shares in a closed-end fund are not created by managers to meet demand from investors. |
| Standby Equity Distribution Agreement | In corporate finance, a Standby Equity Distribution Agreement (SEDA) is a type of share allocation agreement between a company and a share purchaser. It is a form of private placement. |
| List of mergers and acquisitions by Alphabet | Google is a computer software and a web search engine company that acquired, on average, more than one company per week in 2010 and 2011. The table below is an incomplete list of acquisitions, with each acquisition listed being for the respective company in its entirety, unless otherwise specified. |
| Mergers & Acquisitions | In corporate finance, mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. |
| List of mergers and acquisitions by Meta Platforms | Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform. |
| Knowledge acquisition | Knowledge acquisition is the process used to define the rules and ontologies required for a knowledge-based system. The phrase was first used in conjunction with expert systems to describe the initial tasks associated with developing an expert system, namely finding and interviewing domain experts and capturing their knowledge via rules, objects, and frame-based ontologies. |
| List of acquisitions by Oracle | This is a listing of Oracle Corporation's corporate acquisitions, including acquisitions of both companies and individual products.\nOracle's version does not include value of the acquisition.See also Category:Sun Microsystems acquisitions (Sun was acquired by Oracle). |
| Bolt-on acquisition | Bolt-on acquisition refers to the acquisition of smaller companies, usually in the same line of business, that presents strategic value. This is in contrast to primary acquisitions of other companies which are generally in different industries, require larger investments, or are of similar size to the acquiring company. |
| Risk Factors |
|---|
| UCBH HOLDINGS INC Item 1A Risk Factors The following describes some of the risk factors associated with the Company: Our business strategy includes the execution of growth plans, and our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively |
| We expect to experience growth in both loans and deposits as well as in our level of operations |
| Achieving our growth targets will require us to attract customers that currently do business at other financial institutions in our existing and future markets |
| Our ability to successfully grow will depend on a variety of factors, including our ability to attract and retain experienced management staff, the continued availability of desirable business opportunities, the competitive responses from other financial institutions in our markets and our ability to effectively manage our growth |
| While we believe we have the management resources and internal systems in place to successfully manage our future growth, there can be no assurance that we will be able to achieve our growth goals |
| Changing interest rates may reduce net interest income |
| Banking companies’ earnings depend largely on the relationship between the cost of funds, primarily deposits, and the yield on earning assets, primarily loans and investments |
| This relationship, known as the interest rate margin, is subject to fluctuation and is affected by economic and competitive factors, which influence interest rates, the volume and mix of interest-earning assets and interest-bearing liabilities, and the level of nonperforming assets |
| Fluctuations in interest rates will also affect the customer’s demand for the products and services that we offer |
| The Company operations are subject to fluctuations in interest rates, to the degree that its interest-bearing liabilities may reprice or mature more slowly or more rapidly or on a different basis than their interest-earning assets |
| Given our current volume and mix of interest-bearing liabilities and interest-earning assets, the Company’s net interest margin would be expected to increase during times of rising interest rates and, conversely, to decline during times of falling interest rates |
| As a result, significant fluctuations in interest rates may have an adverse effect on the Company’s consolidated results of operations |
| 13 _________________________________________________________________ [61]Table of Contents Our business is subject to the success of the local economies in which we operate |
| Because the majority of our borrowers and depositors are individuals and businesses located and doing business in the state of California, our success depends on the strength of the California economy |
| In addition, as we expand into other areas in the United States and into China, we will become increasingly dependent on the local economies in those markets, as well |
| Adverse economic conditions in these markets could reduce our growth rate, affect the ability of our customers to repay their loans and generally affect our financial condition and results of operations |
| Conditions, such as inflation, recession, unemployment, high interest rates, short money supply, scarce natural resources, international disorders, terrorism and other factors beyond our control, may adversely affect our profitability |
| In addition, any sustained period of increased payment delinquencies, foreclosures or losses caused by adverse market or economic conditions in our markets could adversely affect the value of our assets, revenues, results of operations and financial condition |
| Our continued pace of growth may require us to raise additional capital in the future, but that capital may not be available when it is needed |
| We are required by federal regulatory authorities to maintain adequate levels of capital to support our operations |
| We believe that our capital resources will satisfy these capital requirements for the foreseeable future |
| However, we may at some point need to raise additional capital to support our continued growth |
| Our ability to raise additional capital, if needed, will depend on conditions in the capital markets at that time, which are outside our control |
| Accordingly, we cannot be assured of our ability to raise additional capital, if needed, on terms acceptable to us |
| If we cannot raise additional capital when needed, our ability to further expand our operations through internal growth and acquisitions could be materially impaired |
| Our wholesale funding sources may prove insufficient to replace deposits at maturity and support our future growth |
| We must maintain sufficient funds to respond to the needs of our depositors and borrowers |
| As a part of our liquidity management, we use a number of funding sources in addition to core deposit growth and repayments and maturities of loans and investments |
| As we continue to grow, we are likely to become more dependent on these sources, which include Federal Home Loan Bank advances, proceeds from the sale of loans, brokered certificates of deposit and a line of credit from another financial institution |
| Our financial flexibility could be severely constrained if we are unable to maintain our access to funding or if adequate financing is not available to accommodate future growth at acceptable interest rates |
| Finally, if we are required to rely more heavily on more expensive funding sources to support future growth, our revenues may not increase proportionately to cover our costs |
| In this case, our operating margins and profitability would be adversely affected |
| Intense competition exists for loans and deposits |
| The banking and financial services business is highly competitive |
| Competitive pressure is increasing as a result of changes in regulation, changes in technology and product delivery systems, and the accelerating pace of consolidation among financial service providers |
| The Company must compete for loans, deposits and customers with other commercial banks, savings and loan associations, securities and brokerage companies, mortgage companies, insurance companies, finance companies, money market funds, credit unions and other nonbank financial service providers |
| Many of these competitors are much larger in total assets and capitalization, have greater access to capital markets and offer a broader array of financial services than we do |
| There can be no assurance that the Company will be able to compete effectively in its markets and the Company’s consolidated results of operations could be adversely affected if circumstances affecting the nature or level of competition change |
| Our allowance for loan losses may prove to be insufficient to absorb losses in our loan portfolio |
| Like all financial institutions, we maintain an allowance for loan losses to provide for loans in our portfolio that may not be repaid in their entirety |
| We believe that our allowance for loan losses is maintained at a level that is adequate to absorb probable losses inherent in our loan portfolio as of the respective balance sheet date |
| 14 _________________________________________________________________ [62]Table of Contents However, our allowance for loan losses may not be sufficient to cover actual loan losses, and future provisions for loan losses could materially adversely affect our operating results |
| If the value of real estate in our primary market areas were to decline materially, a significant portion of our loan portfolio could become under-collateralized, which could have a material adverse effect on us |
| With most of our loans currently concentrated in the state of California, a decline in local economic conditions could adversely affect the value of the real estate collateral securing our loans |
| A decline in property values would diminish our ability to recover on defaulted loans by selling the real estate collateral, making it more likely that we would suffer losses on defaulted loans |
| Additionally, a decrease in asset quality could require additions to our allowance for loan losses through increased provisions for loan losses, which would reduce our future profits |
| Real estate values are affected by various factors in addition to local economic conditions, including, among other things, changes in general or regional economic conditions, governmental rules or policies and natural disasters |
| The loan portfolio may not perform as expected |
| The Company’s performance and prospects will depend to a significant extent on the performance of its loan portfolio |
| There are a number of factors that could negatively impact the performance of the loan portfolio including, among others, the general political and economic conditions in the Company’s markets, significant changes in the interest rate environment, pressures from products and services from competitors and on any negative changes in the financial condition of the individual borrowers |
| In addition, to the extent that the Company does not retain the customers that it acquires in its acquisitions or incurs additional expenses in retaining them, there could be adverse effects on the Company’s future consolidated results of operations |
| Changes in government regulation and monetary policy may have an unfavorable impact on the Company |
| The banking industry is subject to extensive federal and state supervision and regulation |
| Such regulations limit the manner in which the Company conducts its business, undertakes new investments and activities, and obtains financing |
| These regulations have been designed primarily for the protection of the deposit insurance funds and consumers, and not to benefit holders of the Company’s common stock |
| Financial institution regulation has also been the subject of considerable legislation in recent years, and may be the subject of further significant legislation in the future, none of which is within our control |
| New legislation or changes in, or repeal of, existing laws may cause the Company’s consolidated results to differ materially from its historical performance |
| Further, federal monetary policy, particularly as implemented through the Federal Reserve System, significantly affects credit conditions for financial institutions, primarily through open market operations in United States government securities, the discount rate for bank borrowings, and bank reserve requirements |
| Any material change in these conditions would likely have a material impact on the Company’s consolidated results of operations |
| We may be unable to successfully integrate the operations of future acquisitions |
| We have announced that our future growth strategy could include acquiring other financial service companies |
| While we have just successfully completed the integration of two acquisitions, we could encounter unplanned difficulties associated with integrating the operations of any new acquisitions |
| These difficulties could include retaining customers, successful conversion of systems and processes, combining different corporate cultures, and retaining key employees |
| Any problems with integration would negatively impact the Company’s day-to-day operations and increase the costs associated with the acquisition, which, in turn, could negatively affect the Company’s results of operations |
| Unanticipated costs relating to the Company’s recent acquisitions could reduce its future earnings per share |
| We believe that we have reasonably estimated the likely costs of integrating the operations of our recent acquisitions into the Company’s operations and the incremental operating costs that will impact its operations 15 _________________________________________________________________ [63]Table of Contents subsequent to the acquisitions |
| However, it is possible that unexpected transition costs or future operating expenses, as well as other types of unanticipated developments, could have a material adverse effect on the Company’s future results of operations and financial condition |
| If costs and expenses of this type are incurred, the Company’s earnings per share could be reduced as a result |
| The Company may engage in further expansion through new branch openings or acquisitions, which could adversely affect net income |
| The Company has disclosed its intention to take advantage of future expansion opportunities |
| There are risks associated with such expansion and, in particular, expansion through acquisitions |
| These risks include, among others, incorrectly assessing the asset quality of a bank acquired in a particular acquisition, encountering greater than anticipated costs of opening new branches or integrating acquired businesses, facing resistance from customers or employees, and being unable to profitably deploy assets acquired through expansion or in acquisitions |
| Additional country- and region-specific risks are associated with any expansion and acquisitions that take place outside the United States, including in China |
| To the extent UCBH issues capital stock in connection with additional acquisitions, these acquisitions and related stock issuances may have a dilutive effect on earnings per share and share ownership |
| UCBH may issue additional capital stock in the future |
| To fund internal growth and future acquisitions, UCBH may offer shares of its common stock to the public and future acquirees |
| Any such offerings would have a dilutive effect on earnings per share and share ownership |
| In addition, there is no assurance that UCBH would be able to effectively utilize any additional capital in the manner that it has done so in the past |
| UCBH does not currently have any definitive understandings or plans to raise additional capital |