How Does Bank of America Fulfill the Needs of Its Shareholders Essay - 1

How Does Bank of America Fulfill the Needs of Its Shareholders - Essay Example The researcher states that the Bank of America caters the requirements of individual clients, small business organizations as well as large business corporations with a variety of banking and financial services. The services offered by the Bank of America range from banking, asset management, investing as well as other additional products and services in the financial domain. The Bank of America Corporation offers a broad assortment of financial services and products by means of their numerous banking as well as nonbanking subsidiaries all over the United States of America and in certain parts of the global market. The bank offers its services in six major business divisions, viz. Deposits, Home Loans & Insurance, Global Card Services, Global Banking & Markets, Global Commercial Banking and Global Wealth & Investment Management. As on December 31, 2010, the Bank of America Corporation possessed assets worth $2.3 trillion and revenue values worth $111,390 million. The bank undertook t he acquisition of Merrill Lynch & Co., Inc. on January 1, 2009. Consequent to the acquisition, the Bank of America has become one of the biggest wealth management companies in the globe with almost 19,700 wealth advisors and further 3,000 front-line consumers facing specialized staffs and in excess of $2.2 trillion in customer assets. Furthermore, Bank of America Corporation is the worldwide leading organization in corporate and investment banking as well as trading over an extensive variety of asset classes catering to the large corporations and institutions, governments, and individual clients throughout the world. The Bank of America also provides industry-leading support to around four million people owning small businesses and is the issuer of the highest number of debit cards in the United States of America. It holds the leading position in credit card loans in Europe and possesses the second largest market share for credit offerings in the United States. The Bank of America h as a well-built foothold in the mortgage business sector and is one of the foremost two mortgage service providers and instigators in the US.

Portfolio Essay Example | Topics and Well Written Essays - 1250 words - 1

Portfolio - Essay Example However, 40 percent of the people suggested that businesses perform better when the government is n control. Apparently, 52 percent of the population believes that a company that makes profits in all financial years satisfies the shareholders, customers and employees. However, 32 percent believe that a company making profits is a sign that it is exploiting its customers. Consequentially, issues have been looming over control of public utilities like energy and water. According to polls, 61 percent believed that the public sector was suited to control these public utilities as compared to 26 percent that supported private sector controlling these public utilities. Though the people have diverse opinions on a number of issues, when they were asked what the government should do, 49 percent stated that the government should help protect jobs, ensure there is full employment and increase spending power in the economy. However, 41 percent preferred the government to lower prices, lower inf lation and lower government borrowing. 2. Public Trust in Government MPs stated that the UK statistics authority has jeopardised the government statistics. A recent report stated that the UK statistics authority needed to work with utmost clarity and gain strict control measures while handling the data in departments. Andrew Dilnot was commended for highlighting the misinterpretation of official statistics and mentioned that the organisation should take an initiative of having greater control over the integrity and quality of the data. In addition to this, Dilnot stated that the concerned departments should limit pre-release of the data to ministers as it jeopardised the integrity and quality of the data. Apparently, it was explicitly expressed that the departments were â€Å"finding ways around† with the data, which was on the contrary according to the code of practice for government statistics. One of the recommendations from the report was that, the data should be presente d in a clearer and accessible manner. Secondly, the authority should improve its website as it had several concerns. In wrapping up the point, a respondent stated that there should be fine tuning of the current governance arrangement, which would be an appropriate manoeuvre. 3. Body Language Body language is a form of communications where nonverbal signs are used. Experts state that body language makes a larger part of communication, which includes facial expression and body movements. Apparently, most of the things that people do not say can be conveyed to the audience and pass volumes of information. Researchers have stated that body language accounts for a better part of communication which is between 50 to 70 percent. Therefore, the audience should understand body language to get the full information that is relayed. However, it is also important to remember focusing on other cues in the context. Similarly, there is a need to look at the signals as a group rather than focusing o n a single signal. This could lead to misinterpretation of the information that is relayed. 4. Current News In recent times, the Syria issue has been a news item in most of the media bulletins all over the globe. According to recent statistics, over 6,400 refugees have been recorded to have flocked to Jordan in fear of the unending violence. In recent time, Britain has provided a whooping ? 89.5