1
Bank of America
Name
Date
I. Introduction
· Among the nation’s largest banks by assets alongside JPMorgan Chase and Citigroup
· Operates one of the country’s most extensive branch networks with about 5300 locations and more than 16300 ATMs
· Core services include consumer and small business banking, corporate banking, credit cards, mortgage lending, and asset management
· About 140 years of experience in the industry
· Company Type : Public (NYSE:BAC)
· Headquarters: Charlotte, NC
· #21 in Fortune 500
· #51 in FT Global 500
· Purpose of the Study: Perform a company and financial analysis to assess the feasibility of investing in the company
II. Past History
· Founding could be traced back in 1874 when predecessor NationBank was formed as the Commercial National Bank
· In 1901 George Stephens and Word Wood formed what became American Trust Co. The banks merged in 1957 to become American Commercial Bank, which in 1960 merged with Security National to form North Carolina National Bank.
· In 1968, the bank formed holding company NCNB, which by 1980 was the largest bank in North Carolina and also the first southern bank to span six states.
· In the 1980s, the bank profited from the savings and loan crisis by managing assets and buying defunct thrifts at fire-sale prices
· In 1991, the bank renamed itself NationsBank
· In 1993: bought Chicago Research & Trading
· In 1993: went into a joint venture to open securities brokerage
· In 1995: bought Barnett Bank, Florida’s #1 bank
· Enter Bank of America: founded in 1904 as Bank of Italy (a.k.a. BankAmerica)
· In 1998, BankAmerica decided a merger with NationBank forming Bank of America
III. Present Position
· In 2012: settled a lawsuit for $2.43 billion over accusation that it misled investors about the acquisition of Meryll Lynch (so far the largest securities class-action settlement to arise from the financial crisis).
· In 2012: paid $50 billion in stock to buy Merrill Lynch
· In 2012, reached another settlement related to company’s foreclosure practices ($25 billion)
· In 2013: announced $11.6 billion of settlement with Fannie Mae and $1.8 billion sale of collection rights on home loans to NationStar
· During the height of the financial crisis, received criticisms as a recipient of bailout funds (Too Big to Fail)
· In 2011, it was surpassed by JPMorgan Chase as the bank with the most assets as it engaged in massive asset sales and securities offerings
· In 2010: sold First Republic and Columbia Management
· In 2011: sold Balboa Insurance which was acquired as part of the CountryWide purchase
· Reported a $2.2 billion loss in 2010, returned to profitability the following year to the still relatively quiet tune of $1.5 billion
· Losing investor confidence amid all of its financial and legal troubles (not to mention a poorly received attempt to charge a debit card fee, which caused a customer uproar)
· Regained pace when Warren Buffet's Berkshire Hathaway bought some .
Wells Fargo is one of the largest banking and financial service providers in the US. However, the company has recently been accused of staggering fake accounts scam, which has put the company in deep trouble. Find the details about the scandal and the SWOT analysis of the company in this presentation.
Washington Mutual Bank's Collapse Under An Audit Perspectivehong_nona
This is my MBA project paper of the External Audit course. The project paper was tapped to the hottest topics of the U.S. economic crisis in 2008, three months after the collapse of the biggest U.S. bank institution.
The author incorporated the audit principles in analyzing the root causes of the U.S. economic crisis and how this disaster can be avoided.
The banking industry appears to be undergoing a renaissance driven by changing consumer behavior and technical innovation. Software is eating the industry. In retrospect, we can see how the first wave of innovation came in areas such as online account access and payments. Changing consumer behavior (such as the shift to mobile) and the use of big data has enabled increasingly complex transactions (such as lending and asset management) to move online. Consumers have largely stopped going to retail branches, and reserve the occasional branch visit for major one-off transactions.
Our first investment in the financial services industry came many years ago with an investment in LendingClub. We put both equity and debt into the company, making a sizable purchase of loans via the platform itself. We saw the company’s potential to bring marketplace dynamics and software disruption to the lending industry. The end goal for borrowers and investors on the platform was simple: lower cost loans for borrowers, increased yields for investors, and high levels of customer satisfaction. As a result, LendingClub has grown into a sizable public company. With experience on the platform and a realization of the potentially transformative nature of this model, we’ve gone on to invest in companies across the online lending space: Kabbage (www.kabbage.com), LendUp (www.lendup.com), and SoFi (www.sofi.com).
The renaissance in financial services has drawn in substantial amounts of venture capital. In the past year alone, the number of fintech deals has grown 16% and the capital funded is up 46%.
While many entrepreneurs develop expertise in the specific segment they intend to disrupt, we’ve noticed that startups usually don’t have the time or resources to look outside their niche and understand how they fit into the larger context of banking and lending markets. To help put the industry in perspective, we developed an overview of the banking industry in the US. What’s remarkable is not only the insights this gives into the financial lives of Americans (be it millenials or seniors), but also the perspective this gives us on the large banks we’ve all come to use. Indeed, consolidation over the last several decades has led the four major banks (JP Morgan, Bank of America, Citigroup, and Wells Fargo) to hold around half of the market’s depository assets.
Today we’re happy to provide the first version of this industry overview. We’ve chosen brevity over depth, so as to provide a snapshot of the overall banking landscape. We’ll continue to iterate on this overview and welcome questions and comments. In subsequent posts, we plan to provide deeper dives into sectors that are of interest to both ourselves and others. We look forward to contributing to what feels like yet another opportunity to be at the front door of history-making companies.
Wells Fargo is one of the largest banking and financial service providers in the US. However, the company has recently been accused of staggering fake accounts scam, which has put the company in deep trouble. Find the details about the scandal and the SWOT analysis of the company in this presentation.
Washington Mutual Bank's Collapse Under An Audit Perspectivehong_nona
This is my MBA project paper of the External Audit course. The project paper was tapped to the hottest topics of the U.S. economic crisis in 2008, three months after the collapse of the biggest U.S. bank institution.
The author incorporated the audit principles in analyzing the root causes of the U.S. economic crisis and how this disaster can be avoided.
The banking industry appears to be undergoing a renaissance driven by changing consumer behavior and technical innovation. Software is eating the industry. In retrospect, we can see how the first wave of innovation came in areas such as online account access and payments. Changing consumer behavior (such as the shift to mobile) and the use of big data has enabled increasingly complex transactions (such as lending and asset management) to move online. Consumers have largely stopped going to retail branches, and reserve the occasional branch visit for major one-off transactions.
Our first investment in the financial services industry came many years ago with an investment in LendingClub. We put both equity and debt into the company, making a sizable purchase of loans via the platform itself. We saw the company’s potential to bring marketplace dynamics and software disruption to the lending industry. The end goal for borrowers and investors on the platform was simple: lower cost loans for borrowers, increased yields for investors, and high levels of customer satisfaction. As a result, LendingClub has grown into a sizable public company. With experience on the platform and a realization of the potentially transformative nature of this model, we’ve gone on to invest in companies across the online lending space: Kabbage (www.kabbage.com), LendUp (www.lendup.com), and SoFi (www.sofi.com).
The renaissance in financial services has drawn in substantial amounts of venture capital. In the past year alone, the number of fintech deals has grown 16% and the capital funded is up 46%.
While many entrepreneurs develop expertise in the specific segment they intend to disrupt, we’ve noticed that startups usually don’t have the time or resources to look outside their niche and understand how they fit into the larger context of banking and lending markets. To help put the industry in perspective, we developed an overview of the banking industry in the US. What’s remarkable is not only the insights this gives into the financial lives of Americans (be it millenials or seniors), but also the perspective this gives us on the large banks we’ve all come to use. Indeed, consolidation over the last several decades has led the four major banks (JP Morgan, Bank of America, Citigroup, and Wells Fargo) to hold around half of the market’s depository assets.
Today we’re happy to provide the first version of this industry overview. We’ve chosen brevity over depth, so as to provide a snapshot of the overall banking landscape. We’ll continue to iterate on this overview and welcome questions and comments. In subsequent posts, we plan to provide deeper dives into sectors that are of interest to both ourselves and others. We look forward to contributing to what feels like yet another opportunity to be at the front door of history-making companies.
The PowerPoint presentation delves into the Silicon Valley Bank crisis, offering a comprehensive analysis of the challenges that unfolded and their subsequent implications. Beginning with an introduction to Silicon Valley Bank's pivotal role in the technology and innovation sector, the presentation establishes a detailed timeline of events leading up to and during the crisis. A critical examination of the root causes, both internal and external, sheds light on the factors that precipitated the turmoil. The subsequent slide explores the far-reaching impact of the crisis on Silicon Valley's ecosystem, affecting startups, venture capital, and the broader technology industry. Regulatory responses and changes in oversight following the crisis are discussed, providing insights into the evolving landscape of financial regulations. The presentation also reflects on the lessons learned from the crisis, both for Silicon Valley Bank and the industry at large, and examines the strategies employed for recovery. Industry-wide implications, future outlook, and ongoing challenges are presented to provide a holistic understanding of the crisis's enduring effects. The presentation concludes by inviting questions and fostering discussion, encouraging participants to contribute to the discourse on the Silicon Valley Bank crisis.
BANK OF AMERICA PRESENTED BY ASHISH BORKARAshish Borkar
1. Overview of the Company
2. Brief History of Bank Of America
3. Services offered by Bank of America
4. Major Competitors of Bank of America
5. Geographical Area of BoA
6. Future Plans of Bank of America
Stephanie Milner Spent the fall and winter of 2008–2009 like m.docxsusanschei
Stephanie Milner Spent the fall and winter of 2008–2009 like many americans, watching and
reading the dire financial news as it was streamed, blogged, and reported directly from Wall Street.
Milner, however, had an even more personal interest. as a manager in the Global Corporate and
investment Banking (GCiB) division of Bank of america, she worked every day in the middle of the
financial storm. now, as the dark clouds are beginning to part and the recovery gathers steam, she has
been asked to join a committee of managers from throughout the organization who will analyze the
strategic direction of the bank and locate opportunities for growth.
historically, Bank of america has pursued a strategy of growth through acquisition. (See Exhibits 1,
2, and 3 for Bank of america’s historical financial information.) this strategy was evident even at the
height of the financial crisis, when the bank purchased mortgage lending powerhouse Countrywide
Financial in the summer of 2008 and brokerage Merrill lynch in early 2009. (See Exhibit 4 for a list of
important company dates.) these latest acquisitions made Bank of america the largest bank holding
company in the United States by asset value (Exhibits 5 and 6).1 they also led to the absorption of
nearly $100 billion dollars in toxic assets from Merrill and increased the bank’s exposure to potentially
massive losses in the mortgage industry.2
like its competitors, Bank of america had significant problems in late 2008 and was on the verge of
collapse. the U.S. federal government came to its rescue, providing $25 billion and then an additional
$20 billion in tarp funds. the U.S. treasury and the Federal Deposit insurance Corporation (FDiC)
also guaranteed $118 billion to “provide protection against the possibility of unusually large losses”3
(Exhibit 7). Without this cash injection, Bank of america could possibly have received the dubious dis-
tinction of being the largest bankruptcy in U.S. history. instead, that “honor” went to another victim of
the 2008 financial crisis, lehman Brothers, which destroyed more than $40 billion in shareholder value
when it filed for bankruptcy in September 2008.
With economists agreeing that the recession ended in mid-2009, Bank of america has some impor-
tant work to do.4 as Milner enters the conference room, she surveys the scene. the group looks weary,
but optimistic. after greeting several colleagues, she takes a seat and begins to scrawl a few notes on
the questions she feels the committee should address: Where is the bank heading? What can Bank of
america do in the future to prevent such exposure to economic meltdowns? What will the financial
landscape look like as the U.S. economy continues to recover? Where will the bank’s opportunities lie
in the new economy? and most importantly, how should the bank position itself strategically to com-
pete successfully and grow in the future? these questions swirl in Stephanie Milner’s head as the r.
Investment banking project on Bank of America -Merrill LynchPankaj Gaurav
• Working model to serve the client
• Integrated operating model
• Lines of businesses
• Activities in global commercial banking
• Investment banking activities
• Details of advisory services in recent Deal in M&A, IPO issue
Your company name
Your name
Instruction Page
1. On the cover page
a. Replace ‘Your Company Name’ with your company name, city and state
b. Replace ‘Date’ with the date of the plan
c. Consider inserting graphics:
i. Company logo
ii. Insert a picture or graphic of your product or service
iii. Photo of your facilities
iv. Photo of your location
2. Replace ‘ENTER YOUR COMPANY NAME HERE’ with your company name on the page with the Statement of Confidentiality & Non-Disclosure
3. Open the document header and enter your company name and your name
4. Update the table of contents as you build your business plan.
Delete this page before submitting your business plan.
Business Plan
Your Company Name Here
City, State
Date
Statement of Confidentiality & Non-Disclosure
THIS BUSINESS PLAN CONTAINS PROPRIETARY AND CONFIDENTIAL INFORMATION.
All data submitted to the receiver is provided in reliance upon its consent not to use or disclose any information contained herein except in the context of its business dealings with ENTER YOUR COMPANY NAME HERE (Company). The recipient of this document agrees to inform its present and future employees and partners who view or have access to the document's content of its confidential nature.
The recipient agrees to instruct each employee that they must not disclose any information concerning this document to others except to the extent such matters are generally known to, and are available for use by, the public. The recipient also agrees not duplicate or distribute or permit others to duplicate or distribute any material contained herein without the Company's express written consent.
The Company retains all title, ownership and intellectual property rights to the material and trademarks contained herein, including all supporting documentation, files, marketing material, and multimedia.
Disclaimer Notice
THIS BUSINESS PLAN IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
The Company reserves the right, in its sole discretion, to reject any and all proposals made by or on behalf of any recipient, to accept any such proposals, to negotiate with one or more recipients at any time, and to enter into a definitive agreement without prior notice to other recipients. The company also reserves the right to terminate, at any time, further participation in the investigation and proposal process by, or discussions or negotiations with, any recipient without reason.
BY ACCEPTANCE OF THIS DOCUMENT, THE RECIPIENT AGREES TO BE BOUND BY THE AFOREMENTIONED STATEMENT.
Table of Contents
Introduction and Overview 6
Executive Summary 6
Objectives 6
Mission 6
Keys to Success 6
Company Summary 6
Company Ownership 6
Start-up 6
What We Sell 7
Summary 7
Our products 7
Our services 7
Market Analysis and Sales Forecast 8
Market and Sales Forecast Summary 8
Total Market 8
Target Market Summar.
Your Company NameYour Company NameBudget Proposalfor[ent.docxhyacinthshackley2629
Your Company Name
Your Company Name
Budget Proposal
for
[enter years here]
BUSN278
[Term]
Professor[name]
DeVry University
Table of Contents
Section
Title
Subsection
Title
Page Number1.0Executive Summary
2.0Sales Forecast
2.1Sales Forecast
2.2Methods and Assumptions
3.0Capital Expenditure Budget
4.0Investment Analysis
4.1Cash Flows
4.2NPV Analysis
4.3Rate of Return Calculations
4.4Payback Period Calculations
5.0Pro Forma Financial Statements
5.1Pro Forma Income Statement
5.2Pro Forma Balance Sheet
5.3Pro Forma Cash Budget
6.0Works Cited
7.0Appendices
7.1Appendix 1: [description]
7.2Appendix 2:
[description]
(Please put page numbers in the last column of the table of contents above, because they apply to your finished assignment. Do this after your project is complete. Remove this text and all text that is in italics in this template when finished with your project.)
(Also, please submit your Excel spreadsheet that shows your supporting calculations.)
1.0 Executive Summary
The first paragraph of this executive summary should give a brief description of the business to which this budget applies. Very briefly describe the products and services of this company, the geography or demographics of the customers it serves, and why people purchase the main product of this business. Much or all of this information will be found in the business profile provided to you. Please use your own words, and please do not simply copy and paste the explanation in the course materials. Make assumptions if necessary.
Also, provide a second paragraph that describes how the budget supports the company’s strategy.
Finally, provide a third paragraph in which you summarize the key points from your budget, including the planning horizon; the amount of up-front investment; the NPV, payback, and IRR of the project; and key figures from your income statement, cash budget, and balance sheet.
Remember, this is not a thesis or introduction of what you will talk about—it contains the major, specific content of each section. The second and third paragraphs should be written after you have completed all other sections of this template.
As you complete sections of this template, please remove all italicized text in all sections of this template and replace it with your own text or you will lose points!
2.0 Sales Forecast
Briefly introduce the sales forecast section.
2.1 Sales Forecast
Here you should include a simple table showing the years and the total sales for each year, along with a brief explanation of why sales are expected to rise, fall, change, or stay the same in certain years. Provide a brief explanation of the sales forecast, indicating why you expect sales to rise or fall during the planning horizon. Your explanation should be consistent with the trends and changes in sales found in your table.
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
2.2 Methods and Assumptions
Here you should describe how you arrived at your sales forecast in sect.
More Related Content
Similar to 1Bank of AmericaNameDateI. Introduction· Among.docx
The PowerPoint presentation delves into the Silicon Valley Bank crisis, offering a comprehensive analysis of the challenges that unfolded and their subsequent implications. Beginning with an introduction to Silicon Valley Bank's pivotal role in the technology and innovation sector, the presentation establishes a detailed timeline of events leading up to and during the crisis. A critical examination of the root causes, both internal and external, sheds light on the factors that precipitated the turmoil. The subsequent slide explores the far-reaching impact of the crisis on Silicon Valley's ecosystem, affecting startups, venture capital, and the broader technology industry. Regulatory responses and changes in oversight following the crisis are discussed, providing insights into the evolving landscape of financial regulations. The presentation also reflects on the lessons learned from the crisis, both for Silicon Valley Bank and the industry at large, and examines the strategies employed for recovery. Industry-wide implications, future outlook, and ongoing challenges are presented to provide a holistic understanding of the crisis's enduring effects. The presentation concludes by inviting questions and fostering discussion, encouraging participants to contribute to the discourse on the Silicon Valley Bank crisis.
BANK OF AMERICA PRESENTED BY ASHISH BORKARAshish Borkar
1. Overview of the Company
2. Brief History of Bank Of America
3. Services offered by Bank of America
4. Major Competitors of Bank of America
5. Geographical Area of BoA
6. Future Plans of Bank of America
Stephanie Milner Spent the fall and winter of 2008–2009 like m.docxsusanschei
Stephanie Milner Spent the fall and winter of 2008–2009 like many americans, watching and
reading the dire financial news as it was streamed, blogged, and reported directly from Wall Street.
Milner, however, had an even more personal interest. as a manager in the Global Corporate and
investment Banking (GCiB) division of Bank of america, she worked every day in the middle of the
financial storm. now, as the dark clouds are beginning to part and the recovery gathers steam, she has
been asked to join a committee of managers from throughout the organization who will analyze the
strategic direction of the bank and locate opportunities for growth.
historically, Bank of america has pursued a strategy of growth through acquisition. (See Exhibits 1,
2, and 3 for Bank of america’s historical financial information.) this strategy was evident even at the
height of the financial crisis, when the bank purchased mortgage lending powerhouse Countrywide
Financial in the summer of 2008 and brokerage Merrill lynch in early 2009. (See Exhibit 4 for a list of
important company dates.) these latest acquisitions made Bank of america the largest bank holding
company in the United States by asset value (Exhibits 5 and 6).1 they also led to the absorption of
nearly $100 billion dollars in toxic assets from Merrill and increased the bank’s exposure to potentially
massive losses in the mortgage industry.2
like its competitors, Bank of america had significant problems in late 2008 and was on the verge of
collapse. the U.S. federal government came to its rescue, providing $25 billion and then an additional
$20 billion in tarp funds. the U.S. treasury and the Federal Deposit insurance Corporation (FDiC)
also guaranteed $118 billion to “provide protection against the possibility of unusually large losses”3
(Exhibit 7). Without this cash injection, Bank of america could possibly have received the dubious dis-
tinction of being the largest bankruptcy in U.S. history. instead, that “honor” went to another victim of
the 2008 financial crisis, lehman Brothers, which destroyed more than $40 billion in shareholder value
when it filed for bankruptcy in September 2008.
With economists agreeing that the recession ended in mid-2009, Bank of america has some impor-
tant work to do.4 as Milner enters the conference room, she surveys the scene. the group looks weary,
but optimistic. after greeting several colleagues, she takes a seat and begins to scrawl a few notes on
the questions she feels the committee should address: Where is the bank heading? What can Bank of
america do in the future to prevent such exposure to economic meltdowns? What will the financial
landscape look like as the U.S. economy continues to recover? Where will the bank’s opportunities lie
in the new economy? and most importantly, how should the bank position itself strategically to com-
pete successfully and grow in the future? these questions swirl in Stephanie Milner’s head as the r.
Investment banking project on Bank of America -Merrill LynchPankaj Gaurav
• Working model to serve the client
• Integrated operating model
• Lines of businesses
• Activities in global commercial banking
• Investment banking activities
• Details of advisory services in recent Deal in M&A, IPO issue
Similar to 1Bank of AmericaNameDateI. Introduction· Among.docx (20)
Your company name
Your name
Instruction Page
1. On the cover page
a. Replace ‘Your Company Name’ with your company name, city and state
b. Replace ‘Date’ with the date of the plan
c. Consider inserting graphics:
i. Company logo
ii. Insert a picture or graphic of your product or service
iii. Photo of your facilities
iv. Photo of your location
2. Replace ‘ENTER YOUR COMPANY NAME HERE’ with your company name on the page with the Statement of Confidentiality & Non-Disclosure
3. Open the document header and enter your company name and your name
4. Update the table of contents as you build your business plan.
Delete this page before submitting your business plan.
Business Plan
Your Company Name Here
City, State
Date
Statement of Confidentiality & Non-Disclosure
THIS BUSINESS PLAN CONTAINS PROPRIETARY AND CONFIDENTIAL INFORMATION.
All data submitted to the receiver is provided in reliance upon its consent not to use or disclose any information contained herein except in the context of its business dealings with ENTER YOUR COMPANY NAME HERE (Company). The recipient of this document agrees to inform its present and future employees and partners who view or have access to the document's content of its confidential nature.
The recipient agrees to instruct each employee that they must not disclose any information concerning this document to others except to the extent such matters are generally known to, and are available for use by, the public. The recipient also agrees not duplicate or distribute or permit others to duplicate or distribute any material contained herein without the Company's express written consent.
The Company retains all title, ownership and intellectual property rights to the material and trademarks contained herein, including all supporting documentation, files, marketing material, and multimedia.
Disclaimer Notice
THIS BUSINESS PLAN IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
The Company reserves the right, in its sole discretion, to reject any and all proposals made by or on behalf of any recipient, to accept any such proposals, to negotiate with one or more recipients at any time, and to enter into a definitive agreement without prior notice to other recipients. The company also reserves the right to terminate, at any time, further participation in the investigation and proposal process by, or discussions or negotiations with, any recipient without reason.
BY ACCEPTANCE OF THIS DOCUMENT, THE RECIPIENT AGREES TO BE BOUND BY THE AFOREMENTIONED STATEMENT.
Table of Contents
Introduction and Overview 6
Executive Summary 6
Objectives 6
Mission 6
Keys to Success 6
Company Summary 6
Company Ownership 6
Start-up 6
What We Sell 7
Summary 7
Our products 7
Our services 7
Market Analysis and Sales Forecast 8
Market and Sales Forecast Summary 8
Total Market 8
Target Market Summar.
Your Company NameYour Company NameBudget Proposalfor[ent.docxhyacinthshackley2629
Your Company Name
Your Company Name
Budget Proposal
for
[enter years here]
BUSN278
[Term]
Professor[name]
DeVry University
Table of Contents
Section
Title
Subsection
Title
Page Number1.0Executive Summary
2.0Sales Forecast
2.1Sales Forecast
2.2Methods and Assumptions
3.0Capital Expenditure Budget
4.0Investment Analysis
4.1Cash Flows
4.2NPV Analysis
4.3Rate of Return Calculations
4.4Payback Period Calculations
5.0Pro Forma Financial Statements
5.1Pro Forma Income Statement
5.2Pro Forma Balance Sheet
5.3Pro Forma Cash Budget
6.0Works Cited
7.0Appendices
7.1Appendix 1: [description]
7.2Appendix 2:
[description]
(Please put page numbers in the last column of the table of contents above, because they apply to your finished assignment. Do this after your project is complete. Remove this text and all text that is in italics in this template when finished with your project.)
(Also, please submit your Excel spreadsheet that shows your supporting calculations.)
1.0 Executive Summary
The first paragraph of this executive summary should give a brief description of the business to which this budget applies. Very briefly describe the products and services of this company, the geography or demographics of the customers it serves, and why people purchase the main product of this business. Much or all of this information will be found in the business profile provided to you. Please use your own words, and please do not simply copy and paste the explanation in the course materials. Make assumptions if necessary.
Also, provide a second paragraph that describes how the budget supports the company’s strategy.
Finally, provide a third paragraph in which you summarize the key points from your budget, including the planning horizon; the amount of up-front investment; the NPV, payback, and IRR of the project; and key figures from your income statement, cash budget, and balance sheet.
Remember, this is not a thesis or introduction of what you will talk about—it contains the major, specific content of each section. The second and third paragraphs should be written after you have completed all other sections of this template.
As you complete sections of this template, please remove all italicized text in all sections of this template and replace it with your own text or you will lose points!
2.0 Sales Forecast
Briefly introduce the sales forecast section.
2.1 Sales Forecast
Here you should include a simple table showing the years and the total sales for each year, along with a brief explanation of why sales are expected to rise, fall, change, or stay the same in certain years. Provide a brief explanation of the sales forecast, indicating why you expect sales to rise or fall during the planning horizon. Your explanation should be consistent with the trends and changes in sales found in your table.
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
2.2 Methods and Assumptions
Here you should describe how you arrived at your sales forecast in sect.
Your company recently reviewed the results of a penetration test.docxhyacinthshackley2629
Your company recently reviewed the results of a penetration test on your network. Several vulnerabilities were identified, and the IT security management team has recommended mitigation. The manager has asked you to construct a plan of action and milestones (POA&M) given that the following vulnerabilities and mitigations were identified:
The penetration test showed that not all systems had malware protection software in place. The mitigation was to write a malware defense process to include all employees and retest the system after the process was implemented.
The penetration test indicated that the data server that houses employee payroll records had an admin password of “admin.” The mitigation was to perform extensive hardening of the data server.
The penetration test also identified many laptop computers that employees brought to work and connected to the internal network,some of which were easily compromised. The mitigation was to write a bring your own device (BYOD) policy for all employees and train the employees how to use their devices at work.
Complete
the 1- to 2-page
Plan of Action and Milestones Template
. (Must use this template!)
.
Your company wants to explore moving much of their data and info.docxhyacinthshackley2629
Your company wants to explore moving much of their data and information technology infrastructure to the cloud. The company is a small online retailer and requires a database and a web storefront. Currently, only IT is over budget on database maintenance. The initial analysis points to significant cost savings by moving to a cloud environment.
Research
the differences between Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS).
Discuss
the differences between IaaS, SaaS, and PaaS. Give an example of the appropriate use of each of the cloud models (Iaas, SaaS, and PaaS).
.
Your company plans to establish MNE manufacturing operations in Sout.docxhyacinthshackley2629
Your company plans to establish MNE manufacturing operations in South Korea. You have been asked to conduct a cultural audit focusing on leadership behaviors of South Korea. The results of your report will be used for internal training for plant managers due to be reassigned to work with South Korean managers in a few months. You are aware of a high-collectivism culture with a Confucian code of ethical behavior in South Korea. What kinds of South Korean leadership behaviors would you expect to include in your report? Describe these in terms of interaction between the U.S. and Korean managers as well as interaction between Korean leader-followers.
By
Saturday, June 21, 2014
respond to the discussion question assigned by the faculty. Submit your response to the appropriate
Discussion Area
. Use the same
Discussion Area
to comment on your classmates' submissions and continue the discussion until
Wednesday, June 25, 2014
.
Comment on how your classmates would address differing views.
.
Your company just purchased a Dell server MD1420 DAS to use to store.docxhyacinthshackley2629
Your company just purchased a Dell server MD1420 DAS to use to store databases. the databases will contain all employee records and personal identified information (PII). You know that databases like this are often targets. The Chief Information Officer has asked you draft a diagram for the server and 3 connected workstations. The diagram must use proper UML icons.
- Research:
network topology to protect database server (Google Term and click images)
-
Create a diagram using proper UML
icon, the protects the server and the 3 workstations.
-
Include where Internet access will be located
, firewall and other details.
- The
body (Min 1 page)
- Provide a summary after the diagram how and why you topology should protect the database.
.
your company is moving to a new HRpayroll system that is sponsored .docxhyacinthshackley2629
your company is moving to a new HR/payroll system that is sponsored by a firm called Workday.com. You have been asked to oversee the stakeholder management aspects of this project. Identify some of the key stakeholders at your company and describe how you plan to keep them engaged during your year-long project. Be sure to include the appropriate methods since not all of your stakeholders are located at the HQ office in Herndon, VA.
.
Your company is considering the implementation of a technology s.docxhyacinthshackley2629
Your company is considering the implementation of a technology solution to address a business problem. As a member of the IT team for a manufacturing company, you were asked to select a product to address the identified needs, informing the stakeholders about its fit to the identified needs, and providing implementation details. Several past process changes have been unsuccessful at implementation and user acceptance. You will create two artifacts that communicate product information tailored to meet the needs of each of the following stakeholder groups:
• Audience 1: executive leadership of the organization, such as the CIO, CFO, etc.
• Audience 2: cross-functional team, including members from IT who will be implementing the product
.
Your company is a security service contractor that consults with bus.docxhyacinthshackley2629
Your company is a security service contractor that consults with businesses in the U.S. that require assistance in complying with HIPAA. You advertise a proven track record in providing information program security management, information security governance programs, risk management programs, and regulatory and compliance recommendations. You identify vulnerabilities, threats, and risks for clients with the end goal of securing and protecting applications and systems within their organization.
Your client is Health Coverage Associates, a health insurance exchange in California and a healthcare covered entity. The Patient Protection and Affordable Care Act (ACA) enables individuals and small businesses to purchase health insurance at federally subsidized rates. In the past 6 months, they have experienced:
A malware attack (i.e., SQL Injection) on a critical software application that processed and stored client protected health information (PHI) that allowed access to PHI stored within the database
An internal mistake by an employee that allowed PHI to be emailed to the wrong recipient who was not authorized to have access to the PHI
An unauthorized access to client accounts through cracking of weak passwords via the company’s website login
Health Coverage Associates would like you to
develop
a security management plan that would address the required safeguards to protect the confidentiality, integrity, and availability of sensitive data from the attacks listed above and protect their assets from the vulnerabilities that allowed the attacks to occur.
Write
a 1- to 2-page high-level executive summary of the legal and regulatory compliance requirements for Health Coverage Associates executives. The summary should provide
Accurate information on the HIPAA requirements for securing PHI
FISMA and HIPAA requirements for a security plan
Scope of the work you will perform to meet the Health Coverage Associates’ requests
Compile
a 1-to 2-page list of at least 10 of the CIS controls that provide key alignment with the administrative (policies), physical (secured facilities), and technical safeguards required under HIPAA to protect against the attacks listed above. Include corresponding NIST controls mapped to the selected CIS controls.
Write
a 1- to 2-page concise outline of the contents of the security management plan. Include
Policies Health Coverage Associates will need to manage, protect, and provide access to PHI
The recommended risk management framework Health Coverage Associates should adopt
Key elements Health Coverage Associates should include in its plan of actions and milestones
Cite
all sources using APA guidelines.
.
Your company has just sent you to a Project Management Conference on.docxhyacinthshackley2629
Your company has just sent you to a Project Management Conference on the latest trends in project scope management. When you return to work, you will have to provide a report at the staff meeting on what you learned.
In your initial post
, share some of the trends that you heard at the conference. Conduct research and use sources to support your findings. Be sure to acknowledge any sources you use.
.
Your company has designed an information system for a library. The .docxhyacinthshackley2629
Your company has designed an information system for a library. The project included a new network (wired and wireless), a data entry application, a Web site, database and documentation.
Design a generic test plan that describes the testing for an imaginary system, make sure to address unit, integration and system testing.
Create a one-page questionnaire to distribute to users in a post-implementation evaluation of a recent information system project. Include at least 10 questions that cover the important information you want to obtain.
.
Your company has had embedded HR generalists in business units for t.docxhyacinthshackley2629
Your company has had embedded HR generalists in business units for the past several years. Over that time, it has become more costly and more difficult to maintain standards, and is a frustration for business units to have that budget “hit.” The leadership has decided to move to a more centralized model of delivering HR services and has asked you to evaluate that proposition and begin establishing a project team to initiate the needed changes. The project team is selected, and you must now provide general direction.
.
Your company You are a new Supply Chain Analyst with the ACME.docxhyacinthshackley2629
Your company: You are a new Supply Chain Analyst with the ACME Corporation. We design specialty electronics that are components in larger finished goods such as major appliances, automobiles and industrial equipment. Manufacturing is outsourced to low-cost suppliers due to the significant labor contribution and closeness to electronic component suppliers.
Your product: ACME Corp. designs a leading-edge family of devices branded as “Voice Assistants.” These are add-on boxes that many OEMs are using as plug-and-play devices in a wide variety of Internet-of-Things products. They are also sold directly to consumers as after-market items, but only for IoT devices that were built with our proprietary data-port.
Figure 1: Product line of ACME Corp Voice Assistant IoT Add-on Boxes
Your task: Your Chief Supply Chain Officer (CSCO) is requesting a review of supplier-to-customer processes as related to recent growth in our company and increasing demand for faster responsiveness to customers. One alternative is to decentralize our inventory into regional Distribution Centers; however, our ERP system is currently limited in the data available to make some of these decisions – and the output reports are very antiquated. Starting off the process, the CSCO directed that your Analysis Team use population data to pro-rate our national sales data as a starting point. For this analysis, you are asked to focus only on the flagship product, Voice Assistant IoT Add-on Box, 4GB, SKU #123-456789. The challenge is now yours to complete some computations and interpret the results!
Your data: A detailed report from your ERP system along with secondary data from the U.S. Census Bureau (reference: https://www.census.gov/programs-surveys/popest/data/data-sets.html) is provided. (Note: Sales to Alaska, Hawaii and Puerto Rico are handled by a 3PL provider and therefore are NOT part of this analysis.) The consolidated EXCEL® file has incorporated several tasks already performed by the Analysis Team --- sort, cleanse, inventory optimization, etc. Other tasks remain for your team.
Detailed Requirements: Prepare a formal report summarizing your results and providing recommendations that are supported by facts. The required layout follows:
A. Supply Chain Management:
a. Identify a single key supplier and a single key customer for your product, including a brief description of their product.
b. Identify the proper type of business relationship that your company should have with the supplier and customer from Part A, above, then briefly describe the data that you would share with them.
c. When implementing Supply Chain Management with your #1 key supplier for the first time, create a timeline that lists each of the six SCOR processes in the order that you recommend implementation; include process leader (by job title), primary contact at supplier/customer (by job title), and duration to implement.
d. Briefly describe each of the four enablers of supply chain .
Your company has asked that you create a survey to collect data .docxhyacinthshackley2629
Your company has asked that you create a survey to collect data on customer satisfaction related to their health care experience at your hospital.
Assignment Details (4-5 pages)
Please Add Title to page
Page 1:
A brief summary of the health care issue/topic (wait time, medication errors, etc.)
Number and access of source to sample and population
Limitations of the survey (parameters)
Time line for completion of survey
Page 2: Survey Questions
Survey questions: Limit the questions to 10
Page 3: Compilation of Data
Time line for assessment and evaluation of data
Challenges faced during this process
Page 4: Results and Conclusions
Results of study
Conclusions and potential value of the findings
Reference page
Deliverable Length
4–5 pages
Title and reference pages
.
"Your Communications Plan"
Description
A.
What is your challenge or opportunity?
The topic I would like to present is pitching an Project idea for some investor to invest in my Women’s Resources center.(Voices Of Women)
B.
.
Why is this professionally important to you?
Goal
A.
What goal or outcome do you want to achieve with this communication?
I.
Is it clear, concise, and actionable?
Audience
A.
Who is you target audience?
What are the professional positions of the audience?
I.
What demographic characteristics will the audience comprise?
II.
What is your relationship to the audience?
III.
What background knowledge and expertise does the audience have?
IV.
What does the audience know, feel about, and expect concerning this communication?
V.
What preconceptions or biases do you possess that might prevent you from building rapport with your audience?
B.
What information is available about your audience?
A.
b.
c.
I.
What research/sources will you use to obtain information about the audience?
II.
What conclusions have you been able to draw about the audience?
C.
What tone will you
"Your Communications Plan"
Description
A.
What is your challenge or opportunity?
The topic I would like to present is pitching an Project idea for some investor to invest in my Women’s Resources center.(Voices Of Women)
B.
.
Why is this professionally important to you?
Goal
A.
What goal or outcome do you want to achieve with this communication?
I.
Is it clear, concise, and actionable?
Audience
A.
Who is you target audience?
What are the professional positions of the audience?
I.
What demographic characteristics will the audience comprise?
II.
What is your relationship to the audience?
III.
What background knowledge and expertise does the audience have?
IV.
What does the audience know, feel about, and expect concerning this communication?
V.
What preconceptions or biases do you possess that might prevent you from building rapport with your audience?
B.
What information is available about your audience?
A.
b.
c.
I.
What research/sources will you use to obtain information about the audience?
II.
What conclusions have you been able to draw about the audience?
C.
What tone will you use to convey your message?
I.
Is the setting casual or formal?
II.
Is the communication personal or impersonal?
Key Message
A.
What is the primary message you must convey to your audience?use to convey your message?
I.
Is the setting casual or formal?
II.
Is the communication personal or impersonal?
Key Message
A.
What is the primary message you must convey to your audience?
.
Your community includes people from diverse backgrounds. Answer .docxhyacinthshackley2629
Your community includes people from diverse backgrounds. Answer the following questions related to how culture affects nutrition.
1. How does your culture shape decisions that you make about nutrition? (Culture includes history, values, politics, economics, communication styles, beliefs, and practices.)
2. Describe at least 1 different cultures present at your community. How do these cultures impact food choices?
3. Describe how you interact with someone from another culture related to diet. Provide specific examples.
4. Assume that you are preparing a Thanks Giving dinner for a group of your classmates that represent a variety of cultures. Describe how you will prepare the menu and set the table. Include how you will address food safety at the picnic.
Explore ways to address the problem of food insecurity in your community.
1. What programs are available to meet the nutrition needs of individuals in the area?
2. What types of options exist in the area to purchase food?
3. What role do you believe society should take to ensure that individuals have access to adequate healthy food?
4. What do you see as your role in the community related to proper nutrition?
.
Your Communications Plan Please respond to the following.docxhyacinthshackley2629
"Your Communications Plan"
Please respond to the following:
Provide a brief overview of your Strategic Communications Plan. Include a short description for each of the following
in bullet point format
:
- The purpose of the communication
- Your goal
- Audience
- Key Message
- Supporting Points
- Channel Selection
- Action Request
Note:
Remember, feedback is a powerful and essential tool. Thoughtful, useful feedback is specific. It combines suggestions for improvement with the recognition of good ideas. When you offer feedback, you should contribute new ideas and new perspectives to help your peers learn and move forward.
.
Your Communication InvestigationFor your mission after reading y.docxhyacinthshackley2629
Your Communication Investigation
For your mission after reading your assignment, you are to take yourself and a notebook into your environment and observe human interaction for 15 minutes noting two persons and their interpersonal exchange(s) but don't join the conversation. This can be a place of your choosing but describe it in some (not complete) detail. Note significant features of the communication environment. Using terms from our textbook write down your observations.
Identify the elements from our Transactional model
Briefly describe the transactional nature of the communication of the persons you are observing. Do you see attempts at ‘communicare’ of "making something common"? What is it that you saw that led you to this conclusion? Sender? Receiver? Message?
Report back to us
Describe the communication behavior you observed in a brief but specific report. What got your attention? Why? What elements of the transactional communication model did you see as you were observing their behavior? What about your 'decoding' of the scene? Do you think you had any personal 'noise' or bias that may have affected how you saw or interpreted the scene?
Post your report to the Discussion Board and then read all of the posts
Post your replies to two classmates and using your skills in perception take a position of empathy
.
Explain how you perceive the scene your classmate reports and take a perspective demonstrating empathy as defined in our textbook in chapter 2 (page 52) putting yourself in the place of either or both persons your classmate observed. What you can learn from the description of the scene reported by your classmate and you considering Empathy, Perception, and observed Communication. More through reports and replies will receive higher scores.
.
Your Communications PlanFirst step Choose a topic. Revi.docxhyacinthshackley2629
"Your Communications Plan"
First step: Choose a topic. Review the Communication Challenge Topics and choose one that is relevant and interesting to you. Make sure to review the examples and anecdotes that follow each topic in this document. You can also find this information under the Course Info tab.
Second step: Review the Strategic Communication Plan example. Your plan should mirror this example in format and length. You can also find this example under the Course Info tab.
Third step: In this discussion, please respond to the following:
Part 1: What is your topic?
Part 2: Provide a rough draft of your Strategic Communications Plan for peer review and instructor feedback. Your draft should include enough detail that we can provide strong constructive feedback and input.
COM510 ASSIGNMENT COMMUNICATION CHALLENGE TOPICS
In the world of business, we can create opportunities through strategic communication. Throughout our professional careers, there are key events that raise the stakes of our communications approach.
WHAT YOU’LL DO
1) Review the Communication Challenge Topics and their accompanying case study examples.
2) Select 1 topic that is professionally relevant for you.
3) Use for your COM510 assignments (the topic you have selected, not the case study example).
Note: If there is another challenge or current opportunity in your professional life that is more relevant for you, you may choose a topic that is not on this list. Keep in mind that the communication challenge you select must in- clude both written and verbal communication elements to meet the needs of this course. (Your professor must approve your selection before you proceed.)
1
Examples of each scenario are provided to demonstrate what thoughtful, professional communication would look like in each of these situations. These are only examples and should not be used for completing the assignment. You can create and establish all necessary assumptions. The scenario is yours to explain.
COMMUNICATION CHALLENGE TOPICS
Choose one of the following topics for your assignments.
• Internal Promotion Opportunity
• New Job Opportunity Interview
• Running a Meeting
• Coaching Your Direct Employees
• Pitching a Project Idea
INTERNAL PROMOTION
Seeking a promotion from within your company is one opportunity in which strategic communication could mean the difference be- tween success and failure. If you choose this scenario, you’ll need to create both a written and a verbal (audio or video) communica- tion. These elements should explain why you are the right person for the internal promotion while addressing potential questions you might need to answer as part of the process.
Things to Consider
• Have you checked the listings on your company’s job board lately?
• Is there a new position you would like to secure?
• Have you taken on more responsibility at work?
• Have your outcomes been positive?
• Do your job title and job description match what you do? .
Your coffee franchise cleared for business in both countries (Mexico.docxhyacinthshackley2629
Your coffee franchise cleared for business in both countries (Mexico, and China). You now have to develop your global franchise team and start construction of your restaurants. . You invite all of the players to the headquarters in the United States for a big meeting to explain the project and get to know one another since they represent the global division of your company.
You are concerned with the following two issues. Substantively address each in a two-part paper, applying Beyond the Book, MUSE, Intellipath and library resources to support your reasoning
Part 1: Effective communication with participants
What are the implications of the cultural variables for your communication with the team representative from each country in the face to face meeting?
Address Hall’s high and low context regarding verbal and non-verbal communication. The United States is a low context culture, while each country is high context.
Tip: Write at least one substantive paragraph for each country
Video on Hall's high and Low Context Communication
Part 2: Effective communication among participants
What are examples of barriers and biases in cross-cultural business communications that may impact the effectiveness of communication among the meeting participants and in potential negotiations?
What are some of the issues you should be concerned about regarding verbal and nonverbal communication for this group to avoid misinterpretations and barriers to communication?
Please submit your assignment.
.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
1Bank of AmericaNameDateI. Introduction· Among.docx
1. 1
Bank of America
Name
Date
I. Introduction
· Among the nation’s largest banks by assets alongside
JPMorgan Chase and Citigroup
· Operates one of the country’s most extensive branch networks
with about 5300 locations and more than 16300 ATMs
· Core services include consumer and small business banking,
corporate banking, credit cards, mortgage lending, and asset
management
· About 140 years of experience in the industry
· Company Type : Public (NYSE:BAC)
· Headquarters: Charlotte, NC
· #21 in Fortune 500
· #51 in FT Global 500
· Purpose of the Study: Perform a company and financial
analysis to assess the feasibility of investing in the company
II. Past History
2. · Founding could be traced back in 1874 when predecessor
NationBank was formed as the Commercial National Bank
· In 1901 George Stephens and Word Wood formed what
became American Trust Co. The banks merged in 1957 to
become American Commercial Bank, which in 1960 merged
with Security National to form North Carolina National Bank.
· In 1968, the bank formed holding company NCNB, which by
1980 was the largest bank in North Carolina and also the first
southern bank to span six states.
· In the 1980s, the bank profited from the savings and loan
crisis by managing assets and buying defunct thrifts at fire-sale
prices
· In 1991, the bank renamed itself NationsBank
· In 1993: bought Chicago Research & Trading
· In 1993: went into a joint venture to open securities brokerage
· In 1995: bought Barnett Bank, Florida’s #1 bank
· Enter Bank of America: founded in 1904 as Bank of Italy
(a.k.a. BankAmerica)
· In 1998, BankAmerica decided a merger with NationBank
forming Bank of America
III. Present Position
· In 2012: settled a lawsuit for $2.43 billion over accusation
that it misled investors about the acquisition of Meryll Lynch
(so far the largest securities class-action settlement to arise
from the financial crisis).
· In 2012: paid $50 billion in stock to buy Merrill Lynch
3. · In 2012, reached another settlement related to company’s
foreclosure practices ($25 billion)
· In 2013: announced $11.6 billion of settlement with Fannie
Mae and $1.8 billion sale of collection rights on home loans to
NationStar
· During the height of the financial crisis, received criticisms as
a recipient of bailout funds (Too Big to Fail)
· In 2011, it was surpassed by JPMorgan Chase as the bank with
the most assets as it engaged in massive asset sales and
securities offerings
· In 2010: sold First Republic and Columbia Management
· In 2011: sold Balboa Insurance which was acquired as part of
the CountryWide purchase
· Reported a $2.2 billion loss in 2010, returned to profitability
the following year to the still relatively quiet tune of $1.5
billion
· Losing investor confidence amid all of its financial and legal
troubles (not to mention a poorly received attempt to charge a
debit card fee, which caused a customer uproar)
· Regained pace when Warren Buffet's Berkshire
Hathaway bought some $5 billion of preferred stock in 2011
IV. Future Projections
· Although the bank continues to work on strengthening its
capital levels and reducing its risk-weighted assets, it plans to
focus less on asset sales but rather will implement other capital-
raising initiatives.
· Its strategy to regain fiscal health and reinvent itself includes
4. streamlining its operations and better connecting its businesses
while cutting costs (the above-mentioned workforce reduction)
and growing revenues.
· A decline in consumer loan balances has impacted the
company's top source of income -- interest earnings.
V. Summary and Conclusions
· One of the largest banks/public companies in the country
· One of the massively affected banks/companies during the
recent global financial crisis and recipient of bail-out funds
· Regained profitability in 2011
· Regained investor and consumer confidence when Warren
Buffet purchased preferred stocks in the company
· Has grown through the years because of mergers and
acquisitions but has started to reduce size and assets through
sale of assets and securities offerings
· Surpassed by JPMorgan Chase as the bank with the largest
assets
VI. References
· Hoover’s Company Profiles <www.hoovers.com> accessed on
March 5, 2014
· Google Finance <www.google.com/finance> accessed on
March 5, 2014
· Bank of America < http://media.corporate-
ir.net/Media_Files/IROL/71/71595/AR2012.pdf> accessed on
March 5, 2014
VII. Appendix
