Ken Lewis, Chairman and CEO of Bank of America, presented at the 2006 Goldman Sachs Financial Services Conference. He discussed the company's opportunities for growth, highlighting its plans to achieve growth through selling more products to more customers across its national footprint, effectively managing costs, and capitalizing on opportunities in retail banking, wealth management, and commercial banking. Lewis also emphasized the company's ability to execute on its strategy through leveraging its extensive customer base and innovation capabilities.
Despite the succession issue and other risks, Whitney Tilson and Glenn Tongue are bullish on Berkshire Hathaway. Here's T2's take on Warren Buffett's "high-quality, growing 67-cent dollar."
Despite the succession issue and other risks, Whitney Tilson and Glenn Tongue are bullish on Berkshire Hathaway. Here's T2's take on Warren Buffett's "high-quality, growing 67-cent dollar."
The world's leading provider of computer-aided design, business and manufacturing software solutions tailored for the interior design and furniture industries.
The world's leading provider of computer-aided design, business and manufacturing software solutions tailored for the interior design and furniture industries.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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Goldman Sachs Financial Services CEO Conference
1. Bank of America
Opportunities For Growth
Ken Lewis
Chairman, President and Chief Executive Officer
Goldman Sachs Financial Services Conference
December 13, 2006
2. Forward Looking Statements
This presentation contains forward-looking statements, including statements about the financial
conditions, results of operations and earnings outlook of Bank of America Corporation. The
forward-looking statements involve certain risks and uncertainties. Factors that may cause
actual results or earnings to differ materially from such forward-looking statements include,
among others, the following: 1) projected business increases following process changes and other
investments are lower than expected; 2) competitive pressure among financial services companies
increases significantly; 3) general economic conditions are less favorable than expected; 4)
political conditions including the threat of future terrorist activity and related actions by the
United States abroad may adversely affect the company’s businesses and economic conditions as
a whole; 5) changes in the interest rate environment reduce interest margins and impact funding
sources; 6) changes in foreign exchange rates increases exposure; 7) changes in market rates and
prices may adversely impact the value of financial products; 8) legislation or regulatory
environments, requirements or changes adversely affect the businesses in which the company is
engaged; 9) changes in accounting standards, rules or interpretations, 10) litigation liabilities,
including costs, expenses, settlements and judgments, may adversely affect the company or its
businesses; 11) mergers and acquisitions and their integration into the company; and
12) decisions to downsize, sell or close units or otherwise change the business mix of any of the
company. For further information regarding Bank of America Corporation, please read the Bank
of America reports filed with the SEC and available at www.sec.gov.
2
3. Achieving Growth in a Challenging Environment
Proforma highlights on a Diluted EPS excluding merger
“managed” basis 1 and restructuring charges
2005 2006
$4.58 – $4.72
Revenue Growth 5% 6% $1.06 -
$1.20
Net interest income - 1%
Noninterest Income 13% 14%
$4.11
$3.75 $3.52
Expense growth: - 2%
(excl. merger charges)
Provision Expense 12% (15%)
2004 2005 YTD2006
Securities Gains/(losses) (39%) NA Operating EPS 2 Consensus range
Achieved While Completing 2 of Industry’s Largest Acquisitions
1 Managed basis presents revenue and credit costs without the effect of credit card securitizations.
2 Excludes merger and restructuring charges of $.11, $.07 and
3 $.08 in 2004, 2005 and 2006 respectively
4. Selling More Products to More Customers
Net New Checking Accounts Net New Savings Accounts
2,300,000 2,594,000
2,063,000
2,048,000
1,823,000
1,192,000 1,159,000
652,000
443,000
(275,000)
2002 2003 2004 2005 9 mo. 2006 2002 2003 2004 2005 9 mo. 2006
Home Equity Production New Store/Online Consumer Credit Cards
in billions 72.0
2,451,000
61.0 60.4
2,196,000
38.0 1,784,000
30.0 1,565,000
1,250,000
2002 2003 2004 2005 9 mo. 2006 2002 2003 2004 2005 9 mo. 2006
4
6. 29 Consecutive Years of Dividend Increases
$2.12
Dividend
Yield
4.0%+
wth
ed gr o
z
uali
ann
13%
1977 2006
Yield based on annualized dividend and price as of 11/27/06
6
7. Aggressively Managing Capital
$ in millions
$98,266
• Returned $98 billion in capital since 1998
• Since 1998, net share repurchases plus dividends $44,443
have averaged 80% of net income.
$53,823
Repurchases Dividends
1998 1999 2000 2001 2002 2003 2004 2005 YTD06 Cumulative
EOP Common Shares 3,448 3,354 3,228 3,118 3,002 2,882 4,047 4,000 4,498
Tier 1 Tier 1
7.06% 8.48%
7
8. Bank of America Differentiating Factors
1. Ubiquitous franchise
1. Vast customer base
2. Unparalleled customer convenience
3. Market and product leadership positions
4. Information and innovation
2. Demonstrated ability to execute
1. Leverage franchise capabilities
2. Provide innovative customer solutions
3. Superior integration expertise
3. Opportunities for continued organic growth
1. Retail banking penetration
2. Capturing the wealth opportunity
3. Commercial banking client expansion
8
9. Coast to Coast Footprint
In Bank of America Markets
• 76% of U.S. population
• 55 million consumer and small
business households
Positioned in growth markets
• 16 of 20 fastest growing states
• 20%+ retail deposit market share in
top 30 markets
Business Client Leader Affluent relationships
• #1 Small Business Bank • Relationship with 44% of mass
• Relationships with 98% of the U.S. affluent households
Fortune 500 companies and • 44% of wealthy households in
• 80% of the Global Fortune 500 footprint
9
12. Retail Growth Opportunities
• Market optimization
• Mass market small business
• Credit card
• Affinity banking
• Online banking / channel diversification
Student Secured Unsecured First Home Unsecured
Lending Credit Card Credit Card Mortgage Equity Lines
Relationship-based Common Decision Engine
12
13. Capitalizing on the Affluent Opportunities
• Investing in client facing associates
• Leveraging GCIB relationships through integrated delivery
• Improving performance of funds
• US Trust acquisition
13
14. Expanding Commercial and Corporate Relationships
Focus Integrate Refine Execution
Improve
on the Execution
Clients Platform
• Operate as an integrated, client-focused institution
• Align clients to optimal delivery channel
• Eliminate organizational boundaries and build enterprise delivery
through the client management process
• Invest in Capital Markets and Treasury Services
• Focus on client retention and deepening relationships
• Build sustainable, profitable client relationships
14
15. Managing for Growth
• Leveraging scale of national franchise
• Utilizing our knowledge to innovate
• Focused on growth opportunities
• Driving strong capital returns
15