Essays on Bank Of America

Abstract

One cannot underestimate the importance of business ethics today, which is a set of regulations, policies, and practices that determine company's behavior regarding such controversial issues as bribery, insider trading, discrimination, corporate governance, corporate social responsibility and fiduciary responsibilities (Business ethics, 2009). This essay illustrates the correlation of business ethics and shaping of the public image of the company, attracting new investors and establishing long-term and reliable partnerships. Thus, ethical behavior is evident in the proper treatment of all stakeholders, including employees and customers, respect to the environment and fair market policies (Horton, 2015). The examples reflect the idea ...

Enter Name of Student

Enter Name of University The OCBC Bank has their own unique approach to talent management and development because their overall success contributes to these vital areas. One of the primary approaches are that the company enables the employee to place their own careers and talents first. The concept of learning is a major component of the business strategy and they created several programs to help with their employee’s professional growth. One program “Bank’s Career Best” goals were for their employees to evaluate their own strengths, orientations of the career and attempts to understand where their workers fit ...

CHAPTER II

This chapter will seek to conduct an absolute inquiry into what makes up security interest laws in the United States. In order to lay the foundation for comparisons in subsequent chapters, the three main elements of the study of the Saudi system will be reviewed here in the context of U.S laws with an emphasis on California state law. The features of the California legal system will include the assessment of foreclosure rules and patterns in California. This will include a detailed fact-based evaluation of CCP580 (b), CCP580 (d) and CCP726 (a). The different components will enable the study ...

After reviewing the financial astatement of Bank of America and CitiBank, we can find several informations regarding the performance of the bank. This analysis could reflect several strengths and the weakness of the bank. If we closely look at the operating ratio, then it is increasing gradually from 2011. This shows that the bank is able to reduce its cost. The bank’s operation is being more efficient due to which the bank is able to save more dollars as operating income for each dollar of revenue earned. While it is in the increasing trend, except for 2014, it ...

Wells Fargo is a $222 billion bank with diversified financial services that provides consumer finance services, mortgage, insurance, banking and investment services. It is the leading internet bank and has over 5300 stores globally (Han-Yuh 2007). Wells Fargo is a publicly traded corporation and was founded back in 1852 (DeYoung & Rice 2004). Based on the recently released Forbes report, Wells Fargo was ranked at position 26 in the world based on market value, assets, sales and profits. It is vital to note that this company prides in operating as the first national bank charter in the US and recently ...

Personal finance

Question 1 Short term goal would be: having a fund for at least six months in case if you lost your job or if you face any circumstances in the short run. Intermediate-term goals: develop good savings and investing habits and establish a financial plan, saving for buying a car, house, and children’s college education and for vacations. Long-term goal: Saving for retirement by start contributing to an employer's 401(k) plan or an IRA or Roth IRA as soon as you begin working, and consistently put money in those retirement accounts and. protecting my assets by gradually ...

Introduction

The Bank of America is one of the largest financial institutions in the United States of America. In accordance with 2015 reports, the company was the twenty-third biggest company in the United States in terms of gross revenue. When the company acquired Merill Lynch in 2009, it became one of the most significant wealth and investment management corporations in the world, demonstrating 10-12% increase of its assets and portfolio annually (Bank of America, 2016). Holding more than 14% of all banking deposits in the United States, the firm has presence in all regions of the United States and in ...

Importance of Risk Capital to Bank of America

Bank of America maintains a portion of its capital as a buffer to cover for potential losses that are likely to arise from risky investments that are undertaken by the company. The amount of risk capital that the bank maintains is defined by the capital adequacy policies within the bank and the financial sector within the industry. As a corporate organization, Bank of America strives to deliver for its shareholders and improve their overall value in the company (Bank of America Corporation, 2016). They achieve this not only through the reliance on its operating income, but also investment income ...

Analyzing Bond Issue: Bank of America

About the company Founded in the year 1904 by Amadeo Peter Giannini and headquartered in Charlotte, North Carolina, Bank of America, is an American multinational banking company that provides financial services to retail as well as institutional customers. The company is one of the largest companies in the United States and operates through five business segments, namely, Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, and Legacy Assets & Servicing. The company through its subsidiaries also provides asset management and risk management services. The company operates in more than 40 countries and serves 56 million customers in the ...

Bank of America: Broadening Internet Frontiers

Introduction With the advent of various digital technologies, the banking industry experienced serious changes (Andal-Ancion, Cartwright & Yip, 2003). Thus, the biggest portion of communicational and significant part of transactional activities shifted from real to the web area. However, together with advantages, the development of web-technologies pose a number of serious challenges, which should be always accentuated by the managers of Bank of America. The purpose of this research is to examine web-technology aspects relatable to the development of this institution. In particular, this paper evaluates current areas of using web-technology by Bank of America, and analyses the potential of ...

Credit Risk in Retail Banking

Credit risk is defined as the probability that borrowers will not be able to make payments on borrowed funds. Credit risk combines both the uncertainty regarding the failure of a borrower to make the payments, as well as the expected time taken to make the payments . Retail Banking, more commonly known as Consumer Banking, is offering banking and financial products and services to individual investors or customers. Consequently, there are different types of credit risks involved that these institutions have to deal with. This includes cases in which a customer is unable to make the due payments at a ...

Introduction

Different organizations have different ways of carrying out their activities. The different ways are influenced by the organization missions, the management, the environment the organization is in among others (Kettner, 2013). The following essay conducts an assessment of the organization The Mission Continues. The assessment includes; organizational marketing strategies, management, and structure, organizational policies, regulations to which the organization adheres, the leadership within the organization, how the organization handles change, their use of volunteers, funding streams and their fundraising strategies.

About the organization

The Mission Continues is an organization that was started to deal with post 9/11 era veterans. The organization assists ...

Discussion 2 - Analysis of Bank of America

Introduction Listed as one of the largest companies in the world and in the United States, the Bank of America remains to be one of the largest multinational financial and banking services corporation in the world. In 2008 Bank of America acquired Merrill Lynch, it the biggest international wealth management institution. The company operates in an inherently oligopolistic market, with Citibank, Wells Gargo and JP Morgam Chance being its major competitors. American and global financial industries are typical examples of oligopolies, yet, the company manages to compete with its core rivals with remarkable effectiveness. Having declared  US$15.89 billion ...

Donald Trump’s speech marks the businessman’s entrance in the presidential election race for 2016. His speech abounds of rhetorical devices such as language manipulation, propaganda, suggestions, diversions or emotional appeals, incorporating also statistics and verified data to support the presented arguments. Aligned with the principles of rhetoric, Trump’s speech announcing his candidacy to presidency has a sound structure and most importantly it fits the speaker’s communication style, reaching is intended audience. The speed is addressed to all American citizens who have the right to vote, as they are the targeted individuals that Trump aims to ...

Green buildings are a type of buildings whose design is optimized to reduce resource consumption during building, operation, and demolition. The main purpose of green buildings is to promote environmental conservation by reducing their carbon footprint. The design of green buildings is anchored on the principle of reduce recycle reuse. For example, the design is aimed at reducing water and electrical power consumption. Also, green buildings are equipped with provisions for recycling water and reusing it elsewhere. In addition, green buildings are sometimes constructed by reusing construction materials salvaged from demolished buildings (Colclough par.4). This paper examines the best ...

The merger between the Bank of America and Merrill Lynch

Astute Diligence provides that there is a criterion followed before any acquisitions. Benchmarking of the performance of the company on sale is critical in that it provides the buyers with a background and stability of the shares they are about to purchase. Horizontal mergers may result in economies of scale as production is concentrated on fewer sites, labor, and capital used more intensively. It happens if companies that seek to merge are in the same line of production denoting that the business that buys will incorporate what it has been doing the acquired one. Other savings may arise from ...

Introduction

The corporate governance is the mechanisms that involve the rules, processes and the practices to which an organization is directed and controlled. Therefore, it is a process of balancing the interests of many stakeholders in an organization, which mainly includes the customers, financers, management, suppliers and the community. It provides the foundation and framework for achieving the company goals and objectives, and it looks at every part of the management including their actions, performance measure and corporate disclosure. It is a field in economics that investigates on how to motivate and secure the efficient administration of the corporations by ...