Tsunami and Responce from the Financial World

Early on December 26, 2004, South Asia was shaken by a 9.0 earthquake 100 miles off the western shore of Indonesia’s Sumatra Island. The fourth strongest earthquake in history would cause another disaster that affected more than 20 countries in the Indian Ocean region. In the next seven hours, the tsunami caused by the earthquake, carved a pattern of destruction across the 4,500km-wide Indian Ocean and onto the coasts of Asia. When natural disasters strike, the major forces in the business world are expected to respond. After the Earthquake and the Tsunami, the world was shocked. In the wake of the 100 ft waves that destroyed countless lives and towns, there was an outpouring of sympathy from all walks of life from around the world. This Tsunami case study will focus on what different banks did in response to the disaster to aid the people in need