Bb&Amp;T Bank Analysis

Bb&T Bank Analysis
[pic] BB&T BANK ANALYSIS REPORT FINA 280 FINANCIAL INSTITUTION
MANAGEMENT & MODELING William C. Handorf, Ph.D. June 28, 2008 Washington, DC
Content 1. INTRODUCTION .............................................................................3 2. BB&T
............................................................................................4 3. US ECONOMIC OVERVIEW
............................................................12 4. BB&T Bank
....................................................................................14 5.
Conclusion......................................................................................41 6. Questions to
Management...................................................................42 1. INTRODUCTION The purpose of this
report is to analyze the financial operations and financial conditions of BB&T Bank by evaluating
financial, economic and market information available for the period from 2000 to 2008. This paper
attempts to address key strengths and ... Show more content on Helpwriting.net ...
In this section we'll briefly discuss the CAMELS analysis of the holding company. 2.1.1 Capital &
Risk Index The risk index of the bank indicates that there is probability of 0.001% that the Company
will below capital, which is higher than the peer group's indicator of 0.0005%. BB&T's ROA has
been larger but also more volatile compared to the peer group. | |BB&T |Peer Group | |Description
|Indicator for Dec 31,2002 – Mar 31,2008 |Indicator for Dec 31,2002 – Mar | | | |31,2008 | |Tier One
Leverage Capital |6.97 |7.95 | |Mean ROA |1.5386 |1.2323 | |Sigma ROA |0.1553 |0.1371 | |Risk
Index |22.5924018 |30.50547046 | |Probability of going under 5% |0.000979592 |0.000537297 |
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Essay On The Ompics Of International Financial Institutions
The University of the People The Olympics of International Financial Institution Projects The
Olympics of International Financial Institution Projects Every year, International Financial
Institutions engage themselves in several projects related to the improvement of the world through
financial means. International Financial Institutions were created after World War II in order to
"prevent another worldwide economic cataclysm like the Great Depression that had destabilized
Europe and the United States" (Globalization 101, n.d). The way in which International Financial
Institutions do this is by ensuring the cooperation between markets and managing a financial system
around the world. Some of the projects of improvement include the ... Show more content on
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The World Bank has provided technical assistance and direct positive impacts include: "(ii) there has
been a significant drop in water connections fees, from US$250 to US$50 per household connection,
plus the adoption of a lifeline social tariff for the first 8 cubic meters of consumption per month; (iii)
the restoration of the financial equilibrium of the urban sector since 2006; and (iv) the
implementation of 160,200 new social household connections (108,000 under Ziga1), including
peri–urban settlements and the installation of 711 standpipes" (World Bank, 2017). Although there
are no related negative impacts due to the execution of this project, there is still a huge challenge in
delivering water to the population. One of the main issues of this is that the government is
centralized and the agency responsible for managing water infrastructure cannot delegate this
responsibility to municipalities. One way through which the World Bank could have improved this
is by instead of giving technical advice to a central entity, they trained and loaned money to
municipalities. Lending money to municipalities in rural areas would have ensured that even those
that are the most far away would have gotten access to this improvement in infrastructure. The
Silver Medalist:

Corporate Social Responsibility At The Bank Of America...
Corporate Social Responsibility at the
Bank of America Corporation
Overview of Corporate Social Responsibility & the Bank of America Corporation
Background Information About Bank of America
The Bank of America Corporation (Bank of America) is a bank and financial holding company that
serves "individual consumers, small– and middle–market businesses, institutional investors,
corporations and Governments with... bank and nonbank financial services and products." (Reuters)
Profiting $5.32 billion in the second quarter of 2015, Bank of America is one of the biggest banks in
the United States and the world. (Rexrode & Rudegeair)
Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) describes programs adopted by a company in addition to
their profit–making ventures. These programs are specifically intended to integrate environmental
and social concerns into regular business operations. More than just charity, they act as the
"conscience" of the company and balance the social and environmental actions of the company with
the desires of the shareholders. ("What is CSR?," 2015) As a multinational corporation valued at
billions of dollars, Bank of America has a large impact on its employees and surrounding
communities.
CSR Focus Areas at Bank of America Corporate Social Responsibility at Bank of America is
dedicated to making a global and local impact. Efforts are concentrated in six focus areas, including:
responsible business practice, strong economics,

Bank Of America Social Media Analysis
Bank of America was founded in 1904 by Amadeo Peter Giannini when he opened the bank of Italy
in San Francisco, it later developed to what we now know as Bank of America. In1958 Bank of
America issued its first bank credit card(Bank AmeriCard). Bank America's most substantial
purchases was in 1983 the purchase of Washington State Bank. Bank of America became the first
bank to offer Coast to Coast operations in the United States and expanded to New England with the
acquisition of Fleet Boston Financial Corporation in 2004, by the early twenty–first Century BOA
was operating more than 5,500 Bank branches 20 US states in which they conduct corporate and
Investment Banking in numerous countries worldwide. Its merger with MBNA Corporation in 2006
... Show more content on Helpwriting.net ...
Bank of America also has a program called Merrill Edge in which consumer can be educated on
investments and are able to invest their funds on business ventures as well as retirement. As I
searched through the site I was very impressed Bank of America seem to touch base with everything
from their history to their values and their they have managed to be very specific and detailed. As
far as social media is concerned Bank of America has also shown their interest in utilizing social
media to reach out to their consumers they have participated in Facebook, Instagram, Twitter and
even YouTube and checking out their social media I noticed that they have used those platforms to
educate their consumers letting them know of new programs and giving tips on how to save money
and invest their money as well. The banking industry is a virtual component to individual business
National and Global Financial well–being. The banking industry builds and sustains Financial
relationships with its consumers of all sizes to supply Financial products and services to stimulate
economic growth.
The industry participants produced a variety of services from savings accounts to home and business
loans mortgages checking accounts and

The Federal Deposit Insurance Corporation (FDIC)
The Federal Deposit Insurance Corporation (FDIC) is based in the United States and is run by the
government. The banking Act of 1933, als known as the Glass–Steagall Act, led to its establishment
due to the Great Depression that had been experienced in United States. This act came into play due
to the Great Depression. During this time, people were withdrawing their money from the banks and
keeping it at home. People were not feeling very confident about the banking system. So, President
Franklin Roosevelt had to step in and do something. The day after President Roosevelt's
inauguration, he declared a four–day banking holiday that shut down the banking system, which
included the Federal Reserve. Several days later, the Emergency Banking

JPMORGAN CHASE Essay
JPMorgan Chase is one of the oldest financial services company dating back over 200 years. It has
$2 trillion in assets and operations in more than 60 countries. JPMC's corporate strategy is it
provides services and products in major capital markets. JPMorgan Chase, well known nationally
and globally, is leading in investment banking, financial services for consumers, small business and
commercial banking, financial transaction processing, asset management, and private equity.
According to JPMorgan Chase website, from the beginning, they have contributed to business,
society and world affairs. They pride themselves on their reputation and employees. They consider
their employees "most valuable assets". JPMC's mission are to ... Show more content on
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Chase Manhattan owned Robert Fleming & Co., the London–based asset manager that had a big
presence in Asia. Some Fleming investment teams now oversee several JP Morgan equity funds.
Bank One's fixed–income offerings based in Columbus, Ohio, are a large anchor of JP Morgan's
bond shop. When JP Morgan bought asset–management firm Highbridge Capital Management in
2009, it helped the fund family move into alternatives such as commodities and market neutral
strategies.
They have been able to generate different sources of revenues through commercial banking, credit
card and retail financial services, which separates them from competing with some investment
banking companies. The accounts, products and features the company offers sometimes have fees
which it is willing to waive. Since the company wants the "share of wallet" of high balanced
customers, it will take such actions. This action of course has the potential to deepen relationships.
In the article by author Charles Keenen he states, "According to Bancography, a consulting firm in
Birmingham, Ala., a customer who has just one product with a bank will stick with that bank for
about 18 months, but add even one product – a savings account, perhaps – and the average jumps to
four years. Customers with three products will stay with the bank for about 6.8 years." JPMorgan
Chase has a unique software which the company utilizes to maintain its relationship

Bac Company Profile
Bank of America Company Profile
BJ Humphrey
Overview Bank of America is a global financial services company headquartered in Charlotte, NC.
It is one of the world's largest financial institutions. Bank of America serves over 53 million
customers. They serve these customers through 5,500 retail banking offices. Bank of America is
known as a leader in the online banking world. Online alone the company services 30 million active
users. The company serves customers in all 50 states and more than 40 countries. The company has
numerous different lines of business and employs over 260,000 people. (Bank of America 2012)
Historical Perspective The entire banking industry is made of mergers and acquisitions. The history
of Bank ... Show more content on Helpwriting.net ...
(Our Heritage, 2010) Bank of America continues to grow acquiring financial service companies like
US Trust and Merrill Lynch. With a storied history in the financial services sector, and building of
our country, Bank of America is the most fitting name.
Lines of Business Bank of America focuses on 3 customers. They focus on the people, companies,
and institutional investors. They are the leading provider of checking, savings, credit and debit
cards, and home equity lending. Bank of America is the nation's largest loan servicer offering
numerous different home mortgage options. Bank of America is a strong hold in Global Corporate
and Investment banking. The Bank also has a strong focus on financial advising and wealth
management. The addition of Merrill Lynch has put Bank of America as the leader in Financial
Services.
Financial Position Bank of America, or BAC, is often one of the most popularly traded stocks. In
April, the share price of BAC declined over 5% to $11.63. (Oleinic, 2013) As interest rates start to
bottom out, the bank must constantly adjust to keep revenue up. Currently the 52 week range of
BAC is $6.90 – $13.99. Although it has a larger 52 week range, the company is still somewhat
stable. It has achieved this by building a strong balance sheet. In 2012 Revenue in millions was
reported at $84,235 while Net income was reported at $4,188. Compared to 2011 revenue dropped
almost $10,000 however Net income increased from

Fewer Choices, Greater Profits: Retail Corporations And
Fewer Choices, Greater Profits: Retail Corporations and the Driving Out of Small Business
Prior to the 20th century, the American economy was fueled by manufacturing; production was vital
in the advancement of the nation. Retailers were generally small–scale, specialized niches, located
within the largest cities throughout the United States. A change in how one would typically consume
occurred during the 1870's with the rise of A.T. Stewart's Marble Palace, one of the nation's largest
stores in New York at the time. Featuring four stories of Tuckahoe marble, the Marble Palace would
be an innovation that would change consumption in the United States forever. Stewart paved the
way for competing retailers in that he understood the idea of ... Show more content on
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Sachs issued bonds in the sum of $2 million, allowing Siegel to receive enough financing to
purchase real estate in the Manhattan area. The store would open at six stories high, feature a giant
greenhouse, roof–garden restaurant, and a two–hundred–foot tower. Many firms would soon follow
this business model as retailers such as Marshall Field's, Carson, Pirie, and Macy's received
financing from investment banks to expand their department stores within their respected local
markets. These department stores would now house a variety of goods, such as a yard goods, ready–
made clothing, pianos, monkeys, lions, among other products. By 1910, Macy's was conducting the
largest domestic rug business in the country at Thirty–Fourth Street and Seventh Avenue in
Manhattan, and Wanamaker's in Philadelphia had the "finest bookstore in the United States," soon to
be surpassed by Marshall Fields of Chicago, which would exceed in volume and sales any other
such business "in the world." With the help of investment banks, Sear Roebuck and Company would
receive millions of dollars in financing from the distribution of equity, allowing them to have
enough capital necessary to expand. This period of rapid expansion caused by the financing of
investment banks led to the emergence of modern merchandizing, which began to overshadow the
traditional, small retailer who could not compete with the affordable prices of the retail

Global Merger Essay
It is proper to present a business definition of merger as it found on legal reference with the ultimate
goal in the pursuing of an explanation on which this paper intents to present. A merger in accordance
with the textbook is legally defined as a contractual and statuary process in which the (surviving
corporation) acquires all the assets and liabilities of another corporation (the merged corporation).
The definition go even farther to involve and clarify about what happen to shares by explaining the
following; "the shareholders of the merged corporation either are paid for their share or receive the
shares of the surviving corporation". But in simple terms is my attempt to define as the product or
birth of a corporation on which ... Show more content on Helpwriting.net ...
It is an interest point to mention Citi Bank (mostly based on the northeast USA) from the Citi Group
who makes a move to add some fun in this particular merging process. The terms learned on class
such as contract, negotiation, creditors, agreements, counteroffer and other will be utilized and
applied as a matter of review enabling for the a better understanding of the learned concepts from
Business Law. During the recent years the economy, the business world and the government have
been experiencing tremendous change that is impacting all common private and public business
practices. Business are experiencing a " Global Financial Crisis" on which are not only the local or
national markets but also the global markets are impacted on a negative and at times threaten the
existence of powerful established corporations and organization. The new era is not a safe haven for
no one anymore; including those who one time were described as solid financial enterprises. This
environment has obligated the USA government on to attempt to rescue or become involve in the
process to alleviate or provide some temporary solutions in a form of financial bail outs and
economical stimulus package. This era started back on year 2007 and to continue to this very present
day touching many economical areas such as Housing Industry, unemployment, investments
securities, stock markets and others. One of

Why Are American Companies Become Too Large To Fail?
Are american companies becoming too large to fail? In todays economy that is one question that is
often asked. Throughout this paper companies will be examined and compared to their companies
regulation in the attempt to answer this question. First the big four banks including J.P Morgan
Chase and Co, Bank of America, Citigroup inc, and also Wells Fargo. After looking at the banks, the
regulations, and oversight towards them will be examined. The regulation and oversight are a few of
the reasons many American companies are too big to fail. The last two things that will be addressed
will be the Walmart corporation and the lawsuit of Metlife. J.P Morgan Chase, Bank of America,
Citigroup, and Wells Fargo are considered "The Big Four" banks ... Show more content on
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Since 2007, three of the four banks have grown larger. Wells Fargo alone has tripled in size. She
continues to tell people listening to Citigroup she agrees with them and the act should be torn to
pieces. As of January 27th, 2015, the stocks of these major banks appeared to be lower than the
usual. Together the four banks hold 8.2 trillion dollars in assets, that is roughly half of Americans
annual GDP. (Duggan, Wayne) Over the years the regulations and oversight of the banks seem to be
fraud in many Americans' eyes. "Operation Choke Point" has been put into action by The
Republican Party. This operation looks to stop fraud within the banking system, whether through
consumers or bankers themselves. Through the operation, regulators look for illegal activity in the
banks legal paperwork. The Republicans claimed the goal of this operation was to put gun sellers
and money lenders out of business, while the Federal Deposit Insurance Corporation (FDIC) says
this is putting pressure on the banks to stop supporting these types of companies. FDIC also claimed
"Operation Choke Point" is through the justice department and separate from bank regulation. This
was used as a reassurance so banks do not release relations with actual businesses. FDIC has now
requested anytime a bank wants to terminate a consumer's bank account or decline a transaction, it
must be written in writing and discussed with the branch managers. When discussing

Introduction And Design Of The Study
CHAPTER – I
INTRODUCTION AND DESIGN OF THE STUDY
1.1 Introduction
Over the last few decades information technology has played an important role in Indian economy.
It has affected all the industries especially the banking industry and has provided a way for the
banks to differentiate their products and services. The traditional way of financial services delivered
to customers called the branch based operations which had been used by the banks for more than
200 years, has been replaced by the advent of multiple technologies and application. For instance,
Automated Teller Machine (ATM) displaced cashier tellers, telephone represented by call centers
replaced the bank branch, the internet replaced mail, credit cards and electronic cash replaced bank
transactions. The reason was the numerous key advantages that banks could gain by providing
electronic banking services. In this way they had lower transactions cost, 24 hour trading, more
extended business territory and also increased efficiency in daily banking process. The Banking
Sector is also facing very stiff competition. In order to succeed such competition, they must offer a
wide array of products with the latest technology. At present many banks and financial institutions
are actively developing new electronic banking products for their customers throughout the world
(Alagheband 2006) . The key players of banking industry are its customers and all the efforts made
by the banks are to satisfy the desirable needs of

Public Finance Institutions in India- a Brief Discussion
Public finance institutions According to sec 4A of companies cat 1956: (1) Each of the financial
institutions specified in this sub–section shall be regarded, for the purposes of this Act, as a public
financial institution, namely:– (i) the Industrial Credit and Investment Corporation of India Limited,
a company formed and registered under the Indian Companies Act, 1913 (7 of 1913);
(ii) the Industrial Finance Corporation of India, established under section 3 of the Industrial Finance
Corporation Act, 1948 (7 of 1948);
(iii) the Industrial Development Bank of India, established under section 3 of the Industrial
Development Bank of India Act, 1964 (18 of 1964);
(iv) the Life Insurance Corporation of India, established under ... Show more content on
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2005 ICICI acquired Investitsionno–Kreditny Bank (IKB), a Russia bank with about US$4mn in
assets, head office in Balabanovo in the Kaluga region, and with a branch in Moscow. ICICI
renamed the bank ICICI Bank Eurasia. Also, ICICI established a branch in Dubai International
Financial Centre and in Hong Kong. 2006 ICICI Bank UK opened a branch in Antwerp, in Belgium.
ICICI opened representative offices in Bangkok, Jakarta, and Kuala Lumpur. 2007 ICICI
amalgamated Sangli Bank, which was headquartered in Sangli, in Maharashtra State, and which had
158 branches in Maharashtra and another 31 in Karnataka State. Sangli Bank had been founded in
1916 and was particularly strong in rural areas. ICICI also received permission from the government
of Qatar to open a branch in Doha. ICICI Bank Eurasia opened a second branch, this time in St.
Petersburg. 2008 The US Federal Reserve permitted ICICI to convert its representative office in
New York into a branch. ICICI also established a branch in Frankfurt. *2.Industrial* Development
Bank of India The Industrial Development Bank of India Limited commonly known by its acronym
IDBI is one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI
categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of
Parliament to provide credit and other

Credit Cards And Credit Card Payments
Throughout our lives, we do a tremendous amount of spending. Whether it be using cash or a
credit/debit card, we spend thousands of dollars each year on various items. Similar to individuals,
companies squander up plenty of money as well. However, companies typically primarily on the
usage credit cards. Credit cards have developed into a necessity for the majority as it is easier than
having to reimburse employees if they pay with cash. Unfortunately, credit cards are a means we
should avoid due to the concept that payments are commonly not made punctually. As a result,
people oftentimes have hundreds and even thousands of dollars of debt in regards to credit card
payments which can financially affect a person for the rest of their life. Similarly, corporations have
the same difficulties and may eventually become bankrupt because of this. Even though credit cards
are perhaps a wise decision for a few, but they are unideal item for countless others. In the situation
presented, credit cards and their implications are the principal topics at hand. Represented in the
corporate credit card case is a major regional bank holding company identified as X–Bank.
Recently, the company opted to expand its business by developing new products and services that
would increase its revenues and profits. As a result, they elected to affiliate with VISA International
and introduce the "corporate card." With this plan, corporations would be able to provide their
employees these cards to use

The Benefits Of Small Economic Development
We were unable to find any banks with programs to specifically assist in relocating individuals to
new cities for work, although many banks have programs for affordable housing development.
Many large banks and financial institutions provide small business development funding through
their partnerships with the Local Initiatives Support Corporation (LISC), which operates throughout
the United States.
Bank of America, Cambridge Savings Bank, KeyBank, TD Bank, and M&T Bank have active
programs in their service areas to assist small business creation and community development, either
through nonprofit partnerships or through direct investment, financing and tax incentive programs.
Overview
After a thorough search of banks across the USA, we ... Show more content on Helpwriting.net ...
While specific details depend upon which nonprofits Bank of America chooses to partner with, it is
safe to assume that at least some of these nonprofits, in partnership with Bank of America, will work
to bring new small businesses to communities across the United States. Bank of America will be
accepting applications from nonprofits looking for funding in this area of programming from
January 29 to February 23, 2018. Eligibility criteria includes tax–exempt non–profit status as well as
serving one of these specific locations.
CAMBRIDGE SAVINGS BANK Cambridge Savings Bank also conducts their charitable giving
through grants and sponsorship for nonprofits in the following communities: Acton, Arlington,
Bedford, Belmont, Brookline, Burlington, Cambridge, Concord, Lexington, Lincoln, Medford,
Newton, Somerville, Waltham, Watertown, Winchester, Woburn or the neighborhoods of Allston and
Brighton. Cambridge Savings Bank primary focus areas include: Human Services, Affordable
Housing, Community Development, and Civic Initiatives. Under their Community Development
initiatives, they specifically state that they work with nonprofits whom "attract new businesses to the
area", although they do not list which nonprofits they are currently working with or the specific
programs.
KEYBANK
KeyBank, which also provides most of its support via nonprofit sponsorship and funding, has
identified Neighbors, Education,

Financial Sectors Of The Indian Economy Essay
1.1 INDUSTRY PROFILE
Financial sectors all over the world is going through the process of transformation such as,
liberalization, technological innovations and deregulation. The evolving financial system in India
has been interlinked with the growth of the macro economics. This change allows financial
institutions to bring in assortment of new product and services into the economy. Financial
institutions play a prominent role in stimulating the economic growth in a country, they help to
mobilize the savings and channelize the funds as investments into the sectors which requires it.
Government has played a prominent role in creation and structuring the financial system in the
country. The government also controls and influences the flow of credit in an economy and its
direction through its fiscal policies.
Since the liberalization, privatization and globalization (L.P.G) in the early 1990's the Indian
economy has had a deep impact on its financial services sector, it is during this L.P.G era the
reform's in financial sector were initiated by the government of India to meet the challenges of
complex financial architecture. This reform ensured that the new Indian financial system will forge
out into a transparent, strong and resilient system. At present the Indian economy grew by 7.3
percent, a full year growth for the fiscal year ending in march based on the statistical method based
of gross value added (GVA) keeping base year as 2011–2012 as against 2005.
Financial system

Econ 2035 Notes Essay examples
ECON 2035
8/27/13
Overview of Financial System * Financial market players: 1. Households 2. Firms, which issue
stocks and bonds 3. Governments 4. Foreigners * Financial market– a place or channel for buying
stocks, bonds, and other securities 1. Functions of financial markets: a. You have the money b. You
can borrow from friends, banks, etc. c. Get funds in exchange of partnership d. Transferring funds:
Savers and spenders
(send) (borrow)
Financial markets * Direct finance: borrowers borrow funds from lenders in the financial market by
selling them securities (no intermediaries) 1. Securities Financial instruments
a. Stocks b. Bonds c. ... Show more content on Helpwriting.net ...
The player is investment banks. The first transaction is between investment banks and a corporation.
* Secondary market– Investors buy and sell existing securities. Nothing new is created. No payment
is made to the corporation. * Primary market Corporation (P1) Investment bank Secondary
Secondary market Investor (P2) * Investment bank will not take less than P2. P2>P1 * Secondary
market examples: Stock market (NYSE or NASDAQ), future option markets, foreign exchange
markets a. Agents: dealers and brokers b. Helps determine price in the primary unit
Organization of the Secondary Market * Exchange market– Buyers and sellers of securities meet in
one central location to trade a. NYSE, NIKKEI (Japan), DAX (Germany), the Chicago Board of
Trade * Over the Counter Market (OTC) a. Trade happens through a network b. There is no single
location where the trading takes place c. The securities, which are not listed in one of the exchanges,
will be traded in the OTC
Money and Capital Markets * Money market– a financial market in which only short–term debt
instruments are traded
Money Market Instruments * Have low default risk * Mature in one year or less *

The Between Suntrust And Regions Based On Customer Service
In today's banking market what is really considered to be the standard? Most customers are looking
for the same things from their bank of choice and most banks have stepped up to the plate and
stepped into the digital world. People today go to banks they know of through family and friends or
which bank is closest to their home or work. Within the mid–south, the most prominent banking
corporations include SunTrust and regions. Within the banking system, there are many choices, the
current choice for most in the mid–south is between SunTrust and Regions based on customer
service, easy access to locations, and ease of electronic interface. Customer service is a large part of
any businesses success. It can also be a big deciding factor when someone is stuck between two
options. Many times in the business community the smaller companies are better with handling
customers' needs than the larger corporations. The same may be said of most banking institutions.
Although what happens when two banking corporations have almost the same sized company, but
one surpasses the other in customer service? That better customer serving corporation then forms a
better following than the lesser one. Both SunTrust and Regions are fairly prominent around the
mid–south. Sun trust is seemingly the smaller of the two but lacks the friendly and attentive staff of
the regions corporation. Regions makes it a point to keep their customers happy and keep them
coming back for all their banking needs. Both

Walmart Corporate Greed
General Motors, Ford, Nike, Boeing, Walmart. What do all these companies have in common? Your
parents are paying them millions of dollars each year through the government. To this day we
continue to see major corporations avoid paying their taxes through loopholes such as tax havens.
Some of the most well known companies to you and your families, Walmart and McDonald's, have
taken your tax money from the government because they pay their employees so little that they
cannot afford any social services. And the big banks of Wall Street are getting bigger and bigger
each day, so big that a collapse would destroy our economy. We are the ones paying for the
corporate greed and the rich are getting richer because major corporations are not paying ... Show
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An article from The Chicago Reporter discussed the implications of this issue. "Low–wage
employers put a burden on taxpayers, who pick up the cost of health care, food and housing
assistance for their workforce" (Black, 2015). Not only is this driving down the consumer demand,
but it is driving families of the workers down below the poverty line and onto the streets, while the
rich are getting richer. It is not our responsibility to pay for the workers' social benefits through our
tax money. It is the responsibility of the mega corporations who refuse to pay their workers a living
wage to give these rights to their workers. Legislation such as the Cook County Responsibility
Business Act will work to force these employers to give in through a raise in the amount they must
pay their workers so that they can afford the most essential social programs. But this is not enough.
We need to raise the minimum wage of all low income workers in America if we want to lessen the
great disparity of wealth in this country. The ugly truth is, a large number of these corporations
choose increasing their profits over the conditions of their employees as long as the government
turns a blind eye to the

How Did The New Deal Save The Usa Capitalism
The New Deal: Federal Deposit Insurance Corporation
After the tragic Stock Market Crash of 1933, America had plunged into a deep depression. Over
9,000 banks nationwide were closing their doors. After the Stock Market Crash, President Herbert
Hoover was in office working ceaselessly to fix what was left of the economy. However, his effort
did not seem to be enough. In the election of 1933, Franklin D. Roosevelt won by a landslide.
Roosevelt stated, "This nation asks for action and action now," and he did just that.(Barbour, 82) He
saved countless families from poverty that was spreading like wildfire across the U.S. Federal
Deposit Insurance Corporation (FDIC) is a portion of the New Deal formulated by Franklin D.
Roosevelt to help save America from poverty caused by bank failures. "Roosevelt's New Deal
preserved the American democratic capitalist system." (Schlesinger 137) The Stock Market Crash
played a major role in bank failures. After the crash, people were indifferent about the stability of
banks, so they all began taking out their savings. Banks no longer had the currency to stay open. For
those who did not take this ... Show more content on Helpwriting.net ...
If the depositor has over the $250.000.00, the depositor may still be insured if it meets specific
requirements, but the FDIC has limitations to its coverage and does not cover things such as content
of a safe deposit box, life insurance plans, or stocks. However, the FDIC will cover checking
accounts, saving accounts, money market accounts, single accounts and joint accounts. Insurance is
only guaranteed by the FDIC in the case of a bank failure, and the risk of bank failure has vastly
decreased since 2013. Between 2008 and 2013, over 400 banks failed, one being the largest bank
failure ever covered by the FDIC. Washington Mutual crashed in 2008, and had over $300 billion
worth of assets. Since 2013, only a handful of banks have

An Informational Interview with a Financing Company
A WRITTEN REPORT
An Informational Interview with A Financing Company
The AsiaLink–Kalaw
A Partial Fulfillment of Requirements in
Banking and Financial Institutions
Prepared for:
Prof. Ragraciel Manalo
Submitted on:
March 9, 2012
Prepared by:
Bandiola, Penuel Kerith
Bautista, Anthony John
Ramirez, Allysa Marie
Tondo, Elma
I.THE ASIALINK A group of enterprising executives belonging to various industries saw the
opportunity to venture in the booming consumer financing business. Combining their strengths,
Robert B. Jordan handled credit; Ruben Y. Lugtu Jr. labored on the financials while the late Wilfredo
T. Anastacio took care of the human resources and operations. With the good demand and sound
credit, the ... Show more content on Helpwriting.net ...
Copy) * Basic Documentary Requirements | SALARY LOAN (INCENTIVES–
BASED)Requirements * Consolidated income of

Case Study : Chase & Co Essay
JPMorgan Chase & Co. origins back to 1799 when it was firstly chartered in New York City.
JPMorgan Chase& Co. today encompasses more than 1,200 banks and credit institutions. As global
economy leader, it's most important firms – J.P. Morgan, Chase Manhattan, Chemical, Bank One,
First Chicago, and National Bank of Detroit gave a solid contribution to the finance innovation and
the growth of the United States and the rest of the world.
Clients and Consumer JPMorgan Chase & Co. is a financial holding company which provide
commercial and consumer banking services under the Chase brand. The commercial banking
activities across business credit, commercial term lending and more. The consumer activities include
credit cards, small businesses, auto finance, education finance, and merchant services. The company
provides financial services to corporations, governments, individuals, and institutional investors
under its J.P. Morgan brand. It also offers financial transaction processing, asset management and
private equity services.
Management
JPMorgan Chase & Co has been able to remain competitive since its inception in 1933 by faithfully
following the founder Mr. J.P. Morgan Junior legacy whose business slogan was: "I should state that
at all times, the idea of doing only first–class business, and that in a first class way, has been before
our minds" (Market Line, 2016, p. 53). Back in 2004 the management strategically decided that in
order to remain a

Bank Of America Research Paper
"The bank grey rapidly; in 1910 it had assets at $6.5 million. By 1920, assets totaled $157 million,
far outstripping the growth of any other California bank" (Bank of America Corporation). Later,
Giannini wanted to expand his company nationally. He knew that he only needed a few large
regional and national banks to dominate American banking; he decided to increase the number of his
branches. "He already owned New York's Bowery and East River National Bank (as well as a chain
of banks in Italy); next he established Bank of America branches in Washington, Oregon, Nevada,
and Arizona, again before branch baking was explicitly permitted" (Bank of America Corporation).
"By 1936, Bank of America was the fourth largest banking institution in the ... Show more content
on Helpwriting.net ...
It is also known to be one of the most common forms of market structure in the United States.
According the book, Economics for Today, "Economists define monopolistic competition as a
market structure characterized by many small sellers, a differentiated product, and easy market entry
and exit" (Tucker 268). For the banking industry there are many small sellers; many of the sellers
are the primary competitors of Bank of America, they include: JPMorgan Chase, Wells Fargo, and
Citigroup. (Maverick) All of these banks do business internationally and are part of the three money
center banks in America. According to the Investopedia, "Banks basically make money by lending
money at rates higher than the cost of the money they lend. More specifically, banks collect interest
on loans" (Simpson). The net interest income makes up about half of Bank of America's total
income. The other half is made up of other services, for example, investment and brokerage service
and trading account profits. (King) "Investment and brokerage services primarily include asset
management fees and commissions on the sale of financial products" (King). Banking in general has
an easy enter and exit market. It is easy to exit the market for various reasons. One of the reasons
includes the broad range of competition that Bank of America has. Not only does Bank of America
compete with commercial banks

Capital Markets and the Investment Banking Process
Investment banks provide a wealth of critical services to our economy. One important role of the
investment bank is to assist public and private corporations in raising funds in the capital markets. A
second service is in providing strategic advisory services for mergers, acquisitions and other types of
financial transactions. They also act as intermediaries in trading for clients. Investment banks differ
from commercial banks, which take deposits and make commercial and retail loans. The focus of
this paper will be to describe the investment banking process including the function of portfolio
construction. To better understand the investment banks role it is important to distinguish between
what is known as the primary and secondary ... Show more content on Helpwriting.net ...
The success of these contracts is determined by the prices of other assets such as stocks or bonds.
Options and futures comprise the riskiest of the financial assets but also offer the greatest possible
reward. A portfolio constitutes a collection of investment assets. Investments are divided into broad
asset classes. The most important decision one must make when building a portfolio is asset
allocation. The percentage of each asset class one wants to hold is more important than the
individual securities within each class. One must first decide the percentage of each class to hold.
Individual risk tolerance will play a large role in this decision. Many individuals equate risk with the
likelihood of losing money, the higher the risk the greater the chance of losing money. Investment
professionals use a broader definition of risk. They look at risk as the volatility of an asset, or how
much the return stream goes up and down over a certain time period. Commodities are more volatile
than Stocks. Stocks are more volatile than Bonds. Therefore, Commodities have more risk than
Stocks, and Stocks have more risk than Bonds. An individual's personal risk tolerance will play a
major role when deciding among asset classes. An individual willing to take on a lot of risk with the
hope of a larger return will hold a larger percentage of high risk investments such as options or
futures. A different individual with a lower tolerance for risk will have

Identity Theft : The Problem With Security
Identity Theft: The problem with security of who we are Identity theft is the talk of the day with
many victims suffering from its dire consequences. It has the means to ruin an individual 's life with
being doubted in the near future when trying to accomplish anything that is credit and government
related. It has sent many innocent people behind bars with accusations that are fraudulent and
unnecessary. By a simple credit card number and social security number, the whole identity profile
will be revealed in the eyes of criminal hacker whose main purpose is financial and benefit gain.
They the social security numbers to open bank accounts and also uses the credit accounts to make
purchases as their own. Identity theft hackers steal ... Show more content on Helpwriting.net ...
It shows that hackers hunt and steal for major corporations for that they include credit card data and
as well some with bank account information of its users on the PlayStation network which is
powered by Sony. PlayStation network runs on a shop platform to manage its players which include
saving your credit or debit card information if purchases are to be made in the network. Sony has
issued to those who became of the victim of their identity theft case each "1 million dollars" (Lewis,
2011) to each of its members designed to "cover legal expenses, identity restoration and lost wages"
(Lewis, 2011). Besides the PlayStation network also Qriocity music an individual company before
now owned by Sony was also affected. They made an inclusion that each members of both media
establishment are to download the service free membership of an identity protection program in
order to protect and rebuild the credit and identity of the victims of the case. This was Sony's
approach on protecting its customers as well as the company on the attacks that happened and the
future attacks that can happen. Was this a good approach or not? Sony PlayStation network and
Qriocity Music which was an individual company before but now owned by Sony had an identity

Webster Financial Corporation Essay
Erin Fitzgerald
Danika Holmes
Jeremy Tejada
Nicholas Moreau
Team E
MKT–270–03100
Professional Selling
Professor Anstey
General Education Assignment/Team Project
Skillsoft®,Webster Financial Corporation
March 17, 2015
Webster Financial Corporation
Introduction
Webster Financial Corporation or better known as Webster Bank has been helping families,
individuals, and businesses achieve their financial goals for more than three generations. Webster
Bank has over 3,000 employees that are working towards the company's values, which is to meet
their customers' needs. They also want to gain and keep customers' trust, respect their dignity, and to
work with the customers' to achieve the best results possible. Webster Bank extends through ...
Show more content on Helpwriting.net ...
Webster has also successfully deployed the model, which uses its Relationship Managers to offer a
compelling value proposition to customer and prospects. In 2014, the Webster Bank received the
'Best Online Banking in New England' which is recognized by J.D. Power. The company upgraded
its online banking as well as its mobile banking. This increased customer satisfaction, which is
extremely important. The ability to expand is also a great strength because since the bank is
successful in four states it could be in many other states as well as international (Webster Financial,
2015).
Weaknesses
Along with strengths, every business has its weaknesses even if they do not want to admit it. One of
the biggest weaknesses in any bank is the high staff costs. This is because of the amount of
qualifications needed to work at a bank. Webster Bank is in only four states. This is a problem
because it does not give the bank the full profitability it could get. The bank is missing out on a big
opportunity. Another big weakness is the amount of products that the bank offers. With each product

more employees need to be hired. It could also make the customer confused as to what they really
need. Being involved in the community and being connected with the customers is a great thing but
it can also be a bad thing. It is great to have these connections but, in the end it is a business. Having
these

The Banking Industry and Customer Research
The Banking industry and Customer Research
Discussion
Given the competitive atmosphere in banking and the need to interest and retain clients, banks rely
strongly on client's satisfaction and customer loyalty. This is particularly so given today's slowing
industry growth and tremendous pressure to maintain and hold onto one's business. Traditional
banks also today face competition from online banks that can afford to offer customers attractive
deposit products at low rates and that provide attractive interest rates. Aside from that, traditional
banks face competition, too, from non–banks, such as a Wal–Mart, that open banks within their
stores. For all these reasons and more, the reputation and success of traditional banks directly hinges
on the extent to which they manage to retain their client's services and please him to the extent that
he will refer others to the bank. The better then that the bank knows their individual clients and
factors that they seek from the bank, the better then will the bank succeed in pleasing these clients
and attracting others. Customer research, ipso facto, is a significant part of marketing in terms of
enabling the bank to maintain and enhance its portfolio. Customer research is all the more effective
when it characterizes an open door policy with the bank and when it uses inbound marketing to
reach customers outside the bank. In fact, given that banks have a tough time to differentiate
themselves from one another, they rely heavily on

Federal Deposit Insurance Act Essay
When Franklin Delano Roosevelt became president, he wanted to stimulate the United States
Economy and give relief to the United States citizens. The American people feared that Roosevelt
would abandon the gold standard and reduce the value of the dollar to fight the Depression. By the
day of Roosevelt's inauguration, most of the nation's banks were closed. One in four workers were
unemployed. To try to fix the United States Economy Roosevelt and his advisers came into the
office bursting with ideas about how to end the Depression. Roosevelt sent bill after bill to
Congress. Between March 9 and June 16, 1933, Congress had passed 15 major acts to resolve the
economic crisis. These programs made up what the New Deal.
The Tennessee Valley Authority (TVA) established on May 19, 1933, it focused on the badly
depressed Tennessee River Valley. The TVA renovated five existing dams ... Show more content on
Helpwriting.net ...
The creation of the FDIC increased public confidence in the banking system. The FDIC is an
independent U.S. government corporation created under authority of the Banking Act of 1933 (also
known as the Glass–Steagall Act), with the responsibility to insure bank deposits in eligible banks
against loss in the event of a bank failure and to regulate certain banking practices. It was
established after the collapse of many American banks during the initial years of the Great
Depression. Although earlier state–sponsored plans to insure depositors had not succeeded, the
FDIC became a permanent government agency through the Banking Act of 1935. The corporation is
authorized to insure bank deposits in eligible banks up to a specified maximum amount that has
been adjusted through the years. Having begun in 1934 with deposit insurance of $5,000 per
account, in 1980 the FDIC had raised that amount to $100,000 for each deposit. The Federal Deposit
Insurance Corporation is still active in today's

Comparison Of Bank Of America And Southern Bank
The industry that I have chosen to analyze for this paper in the banking industry. The companies
which I have selected to analyze are Bank of America & Southeastern Bank. Bank of America will
represent as the example for the company who has acquired and merged with other banks, and
Fresno Southeastern Bank will act as the example for the bank who has never merged with a larger
bank in any form or has been acquired. Both these banks offer similar products to their customers,
for checking and savings accounts to home and car loans. They both offer investment products as
well. Bank of America has a lot more products on a larger scale due to the size of their company,
and the mergers they have made over their history. They operate worldwide ... Show more content
They sell the debt that have underwritten to investors all over the world. From mortgage–backed
securities to other types of packages bonds, they are sold to wealthy individuals and even the
government of a country. They also sell investment portfolios to abroad. Their strategy involves
presenting foreign investors abroad an opportunity to invest in the USA. There is a huge demand for
investments in the US, as our economy is much smore stable and lucrative then their local
investments opportunities. Companies in the US looking for a capital injection, can also turn to
Bank of America and have them find an investor. They will then underwrite the terms, and broker
the deal. A lot of these types of deals are dealt with foreign investors. Foreigners are always looking
to take their local currency and convert it into dollars, since it is a stable currency, and these
investments enable them to be able to do that. They focus on creating the best investments in the US
for those abroad. While the demand isn't as strong for Bank of America to offer US investors an
opportunity to invest in international markets abroad, they do offer this as well. The strategy on the
business level is go after international investors since the demand is so high for US based
investments, and on the corporate level is to keep creating new investment opportunities as a

To What Extent Did The New Deal Dbq Essay
In 1929, the stock market crashed and soon after that The Great Depression started. It was the
deepest and longest lasting economic fall in history. In 1932, Franklin D. Roosevelt wanted to help
the people and make a difference. Problems in the Great Depression that Franklin D. Roosevelt
wanted to change was the fact that people didn't have any jobs, and that people didn't have any
money because of a bank failure. Some fiscal policy programs that franklin did to combat The Great
Depression were Works Progress Administration (WPA), and Federal Deposit Insurance Corporation
(FDIC). The Great Depression caused many people to be unemployed, and many people to be broke
because of the banks and government, and the programs that help the people include Work Progress
Administration (WPA) and Federal Deposit Insurance Corporation (FDIC).
One problem that America experienced as a result of The Great Depression was that people were
unemployed. This means that many people lost their jobs, and they were unable to find any work. In
document B the graph shows that in 1929, the unemployment rate decreased, it went from being 1
million, to being about 13 million unemployed in 1933. This is explaining how drastically the
unemployment rate dropped in that time period. Unemployment impacted the U.S by not having
anyone to work the companies or in the factories and so ... Show more content on Helpwriting.net ...
Roosevelt used to combat The Great Depression was the Work Progress Administration (WPA). In
document E it says that the purpose of the program is the government gave the unemployed work in
construction and art projects. In document I it explains how they put the people to work. The
document says that the employment accomplishment greatly needed the projects to stimulate and
reorganize the use of our natural resources. This fiscal policy program sought to accomplish to get
people to work and to allow them to get money. Another thing it accomplished was that made more
products to

Corporate Governance Of A Company 's Shareholders, Board,...
 INTRODUCTION Corporate Governance is the set of relationships between a company's
shareholders, board, the executive management and other stakeholders. The conflict of interest
between these parties has resulted in what is called the agency problem, which arises from the
separation of ownership and control at a corporation. Good corporate governance practices attempt
to resolve the agency problems by aligning the interests of managers and shareholders. The same
corporate governance is not followed by all countries; it differs according to the culture, practices,
legal, and history, economic and social environment. Each company follows its own procedure for
governing on the lines of the model given by the country. Corporations today have laid down the
policies of CG in their own manner as a result of which an important question is whether standard
CG can be established and achieved at a global level. In each country, the corporate governance
structure has certain characteristics or constituent elements, which distinguish it from structures in
other countries. CG component factors can be classified into three groups those related to top
management organization, the board as whole or shareholders, and stakeholders.
 PURPOSE OF THE STUDY The purpose of this study is to know the different rules and practices
and models followed by different countries and how the companies manage to thereby maximize
their wealth and also maintain good relations. Good corporate

Advantages And Disadvantages Of Incorporation
LeLegal benefits of incorporation
ProteIntroduction
Company or Corporate law originally was derived from the Common Law of England, but has
evolved significantly in the 20th Century. Many countries have forms of business entity unique to
their countries. The doctrine of the veil of incorporation was demonstrated From the age long
decision of House of Lords in the case of Salomon v. Salomon & Co Ltd (1897) The effect of the
House of Lords' unanimous ruling was to uphold firmly the doctrine of corporate personality, as set
out in the Company Act (1862) so that creditors of an insolvent company could not sue the
company's shareholders to pay up outstanding debts.. The principle behind the veil of incorporation
is what is referred to as limited liability that is that a company's creditors can ... Show more content
Salomon & Co Ltd (1897). In a corporation, however, stockholders, directors and officers typically
are not liable for the company's debts and obligations. They are limited liabilities in a way that only
the amount which was invested in the corporation will be lost and not their personal assets. For
instance if a shareholder purchased a stock wealth K100 no more than K100 can be lost.. When a
corporation which is a limited company holds assets and real estates if a shareholder of this
corporation is personally involved in a lawsuit or bankruptcy, the assets and real estates of the
company will not pay for that lawsuit of that particular individual or shareholder, , the assets will be
protected. There will be no creditor who will seize those assets because they company assets.
However, the creditor can seize ownership shares in the corporation, as they are considered a
personal

Bank of America Analysis Paper
Bank of America Corporation Analysis
Thomas L. Lowther III
MGT /521
May 16, 2011
Chuck Andre
Bank of America Corporation Analysis
Banking is an important industry that not only serves people on a personal level, but the United
States in a global economy as well. First I will conduct a SWOT analysis for the company I chose
which is Bank of America Corporation. Second, I will also identify the company's internal and
external stakeholders. Next, I will describe their wants and needs. And, finally, I will explain how
the company is fulfilling those needs.
Strengths
The Bank of America Corp dominates the market in the United States and also uses different
strategies to gain a competitive advantage over it ... Show more content on Helpwriting.net ...
their management processes, structures and policies help ensure compliance with laws and
regulations and provide clear lines of sight for decision–making and accountability ("Code of
Ethics." 2011). These disciplines, though, together represent just one dimension of governance. The
other dimension is corporate culture of Bank of America Corporation ("Code of Ethics." 2011).
Bank of America corporation culture must be championed by leaders and sustained by every
associate.
External Stockholders As Bank of America corporation work to serve our customers, clients and
communities, and generate returns for our shareholders, we understand that success is only
meaningful when it is achieved the right way, with the right values. Their commitment to this
principle is the key to sustaining the public trust and confidence in their company, and the key to
long term [success.
Wants and Needs
Bank of America deliver for their customer, clients, and shareholders the absolute best product and
services they can. They share a passion for winning and serving the financial needs of individuals,
corporate clients, and institutional investors (Corporate Governance, 2011). We believe that
disciplined execution will lead to sustainable and long term performance. One way they build and

Foreign Corrupt Practices Act Of 1977
During the years 2001 through 2005 According to the information and plea document, three Miami–
Dade County telecommunications companies executed a series of contracts with
Telecommunications D'Haiti that allowed the companies' customers to place telephone calls to Haiti.
Joel Esquenazi, an executive of one of the companies, was charged with making illegal payments to
officials at Telecommunications D'Haiti. In exchange, the foreign officials presented business
advantages on the Miami–Dade County companies, including issuing preferred telecommunication
rates the number of minutes for which payments was owed, and giving a variety of credit to owed
sums. A shell company, owed by alleged co–conspirator Juan Diaz, and co–defendant Marguerite ...
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Since 1977, the anti–bribery provisions of the FCPA have applied to all U.S. persons and certain
foreign issuers of securities. With the enactment of certain amendments in 1998, the anti–bribery
provisions of the FCPA now also apply to foreign firms and persons who cause, directly or through
agents, an act in furtherance of such a corrupt payment to take place within the territory of the
United States. The FCPA also requires companies whose securities are listed in the United States to
meet its accounting provisions. See 15 U.S.C. § 78m. These accounting provisions, which were
designed to operate in tandem with the anti–bribery provisions of the FCPA, require corporations
covered by the provisions to (a) make and keep books and records that accurately and fairly reflect
the transactions of the corporation and (b) devise and maintain an adequate system of internal
accounting

The Financial Crisis Of 2008
The world before the financial crisis of 2008 had stability. Iceland in 2000 was viewed as the perfect
place to live and have your family grow. Iceland had clean energy, high standard of living, jobs, and
low government debt. Iceland was a place were children played and parents laughed and enjoyed
their life. Everyone lived well; Iceland was the role model of finance, until it all melted away.
Iceland let giant corporations come into its territory and exploit its geothermal and hydroelectric
resources and its banks became so large to where their banks became larger than their economy,
impossible to bail out. The banks became unruly where the people even supposed to regulate the
bank one third of them worked for the bank. The cause of the ... Show more content on
Helpwriting.net ...
This created a toxic situation where people took out a mortgage loan, with a high rate, could not pay
it back creating a bubble to where the investment banks had no one else to lend to, and needed to be
bailed out. Banks became rich and borrowed heavily to create more loans to create more short term
money that became the big investment banks bonuses. This created a global panzi scheme.
The problem is deregulation. The definition of deregulation is the elimination of government power
with in an industry. In this case banks and financial institutions of the world. Deregulation could be
seen as greed, big corporations, monopolies, where the rich get richer. Deregulation is the cause of
the financial crisis of 2008. Deregulation means no one is watching over the banks and CEO is
saying no and stopping the gambling of people's savings. The 2008 economy got to the point of a
financial crisis due to speculation of savings, investor banks went public and in turn turned Wall
Street became rich. Financial deregulation made for risky investments and looting companies. An
example of this is the merger of two big insurance companies Travelers and Citigroup in the 1990
has violated the Glass Stele Act, but was ignored for a whole year by the SEC. The SEC is the
Securities and Exchange Commission ho are supposed to be monitoring and making sure big
corporations like this do not monopolize. The Gramm Leach Bliley Act cleared the merger and the
way for future large corporations to

Things to Consider when Starting and Running a Business
There are many things to consider when starting and running a business. You must decide what type
of business you would like to operate, including the different business structures, legal forms and
permits that must be obtained, zoning laws, tax laws, and the liability you may expose yourself to. If
you have a business with employees, you may need to decide if you want to hire non–union or union
members. You will also need to research the many banking and financial institutions as you want to
make sure your money is well protected. The different types of business structures include sole
proprietorships, partnerships, and corporations. These business structures also offer different options
within themselves. A business that is owned and managed by a single individual is a sole
proprietorship. There are three categories of a partnership – general partnerships, limited
partnerships, and limited liability partnerships. A corporation can be closely held or publicly held.
Let us see what the advantages and disadvantages are for these different business structures. The
advantage of being a sole proprietorship is that the person who owns it is able to make all the
decisions on his own; he doesn't need to consult with anyone. It is also easy to establish a sole
proprietorship. There are a small number of requirements that must be met and can vary from city to
city and state to state. Sole proprietors must meet the minimum requirements – authorization, site
permit and

The Bank of America Corporation: Corporate Social...
Executive Summary
Bank of America Corporation, a multinational banking and financial services organization that is the
second largest holding company in the entire United States by assets, and the fourth largest bank by
capitalization. Headquartered in Charlotte, North Carolina, the banks serves clients in more than 150
countries and has a business relationship with over 99 percent of U.S. Fortune 500 companies and
83 percent of the Fortune Global 400. As of 2010, the bank is the 5th largest company in the United
States by total revenue, as well as the 2nd largest non–oil company in the United States, while
Forbes listed it as the 3rd biggest company in the world. Its acquisition of Merrill Lynch in 2008
made it the world's largest wealth management corporation. B of A holds about 13 percent of all
bank deposits in the United States with a retail footprint that covers about 80 percent of the U.S.
population or about 57 million consumers at over 6,000 banking centers making it one of the most
powerful banking forces in the contemporary industry (Bank of America, 2011; The Global 2000;
Fortune 500).
As a megagiant corporation, Bank of America is often times under more scrutiny than many other
organizations. Bank of America has grown considerably in the last few years, and has been the
target of the media and government with its aggressive position on acquisitions, mergers, and
business strategy. Its upper level executives, therefore, are in the public eye, scrutinized from

Westpac Banking Strategy
Transforming the Bank to place customers at the centre of everything we do
Jason Millett General Manager, P&O Strategy & Execution Westpac Banking Corporation May
2010
24 May 2010
Addressing customer needs is about 'getting the basics right'
Typical Customer Service Needs
Reliable delivery of products and services Consistent experience across channels and platforms Easy
and simple to do business with Single and insightful view of information Flexible and responsive to
requests
Transforming banks to be customer centric
24 May 2010
Jason Millett – Westpac Banking Corporation
Westpac's 'customer centric' strategy focuses on directly fulfilling customer needs
Westpac's Customer Oriented Strategy
Vision To ... Show more content on Helpwriting.net ...
Business process defines the experience 2. Technology drives the business process 3. Customer
experience / design is an overlay
The CCD approach should ensure that we start to address our business problem through the needs of
the customer.
Transforming banks to be customer centric
24 May 2010
Jason Millett – Westpac Banking Corporation
1

We have created Design Personas to inform us of the customer experience
What? How?
 They represent larger audience groups based on contextual inquiry research & stakeholder
knowledge
Why?
 Design Personas are used to ensure that everyone understands the customer and who they are
designing the solution for. We use Design Personas to  inform design decisions in relation to any
project in the organisation  reduce risk by creating a balanced view of customer and remove
personal bias through development
 Insight into the behavioral, social, emotional and motivational attributes of our customers or end
users
Christopher Wilkinson Christopher Wilkinson Organised & Organised & Ambitious Ambitious
 ensure that real user inform the design, even without being present  ensure we understand the
typical behaviours and motivations of our customers  Capture the needs of the customer for all
channel experiences – current gap for product experience

Taxation of British Virgin Islands
Taxation of British Virgin Islands ( BVI)
As one of the largest part reputable tax havens in the Caribbean the BVI has very elevated standards.
BVI tax havens encompass no taxes in place for BVI offshore companies who do no commerce in
the jurisdiction. International business companies will disburse zero taxes on the profits, interests,
dividends and other types of incomes earned exterior of the jurisdiction. For this motive the BVI can
be regarded as a unadulterated offshore tax haven. BVI offshore corporations shell out no corporate
tax, capital gains tax, estate tax, withholding tax and income tax. The merely money that an offshore
company pays in the BVI is an annual fee which is salaried to the significant supervision authorities.
BVI as a tax refuge imposes no taxes on offshore bank account which makes the British Virgin
Islands an ideal jurisdiction to set up offshore bank accounts. Offshore bank accounts advantage
from the tax free surroundings in the British Virgin Islands. The incomes and capital in offshore
bank accounts are not taxed in the BVI.
In the offshore tax haven of the British Virgin Islands an offshore business corporation can be
incorporated using just one shareholder and director. The director can be another BVI corporation.
The financial statements and audits of the British Virgin Islands offshore corporation are private.
These financial statements of these companies are not to be filed with the government authorities in
the British Virgin Islands.

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