Bank of America - 951 Words

Organizing Paper ï ¿ ½ PAGE ï ¿ ½1ï ¿ ½ BANK OF AMERICA Bank of America is one of the biggest companies with a lot of employees. Bank of America was founded in 1874 known as the Nations Bank till its acquisition of a San Francisco-based Bank of America in which it assumed its current name. Bank of America is one of the leading financial companies in the world. When dealing with assets, it is the second largest. Bank of America has a profit of 31.61%. The factors that hurt the bank would be due to customers closing accounts without making the bank aware and making sure that they have a system in place for when they received checks written in large sums to be cleared. Another weakness would be holding on to the customers direct deposit to cover†¦show more content†¦They are there to support their employees with family and personal responsibilities. Among the common policies adopted to support and recognize the evolving needs of employees in relation to their personal and familial life are counseling programs that assist employees on matters regarding personal life and provision of child and eldercare services so that employees can attend their familial obligations while at work. The company also employs flexible work arrangements as telecommuting, compressed workweeks, flextime, so that employees can further balance their responsibilities. Because the bank s employees are themselves similar to the people or customers that the bank serves, they are furthermore entitled to certain discounts in case they want to avail of company s products and services including Housing loans, Commuter benefits, disability loans, and educational partnerships, among many others. The human resource department is an integral part of any organization. This is especially in the case of Bank of America where the human resource is at the core of its mission. Taking care of the human resource is of utmost important because it is the people who make up the organization and it is the people who actually bridge the objectives of the organization into action. The people are an important resource in any organization because they are the major source of ideas and active executers of service of any organization. The Bank ofShow MoreRelatedThe Purchase of MBNA by the Bank of America736 Words   |  3 PagesAs headlined in the media each day, society has seen many company mergers because of the bad economy. Many of the mergers lead to culture clashes and in the end fail. However, in 2005, Bank of America announced its $35 billion purchase of MBNA a credit card giant, many believed this merger would join with the pile up of those done in by cultural differences (Robbins Ju dge, 2009). Although these two companies were different in many ways and the cultural differences were a recipe for disaster, theRead MoreBank of America and Merrill Lynch1177 Words   |  5 PagesBank of America and Merrill Lynch Business Combinations: Dissolution of all but one of the separate legal entities is not necessary in order to have a business combination. A business combination is created when a number of separate organizations are tied together through common control, or an acquirer obtains control over one or more businesses. Statutory merger: any business combination in which only one of the companies remains as a â€Å"survivor† or â€Å"parent†. Statutory consolidation:Read MoreService Marketing On Bank Of America1115 Words   |  5 PagesJaquelle, Silam, Silas, and Trang Service Marketing on Bank of America Based on service Intangibility Unlike goods, services are typically produced and consumed simultaneously. The service and provider are always linked together. 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With the information I gathered in part one of my paper I made the decision to invest in Bank of America. In part two of these papers I will further explain why I chose to invest in Bank of America. This paper will address the financial health of Bank of America by reviewing the banks income statement, balanceRead MoreBank Of America s Financial Crisis1744 Words   |  7 PagesBank of America in t he 2008 Financial Crisis – An Even Bigger Financial Giant Suffered Losses and Lawsuits from Risky Behavior Summary of Bank of America in the Financial Crisis As one of the largest banking holding companies, Bank of America has taken a significant role during the whole process of the financial crisis. Compared with financial institutions whose business focused on specific fields, like investment banks or mortgage companies, Bank of Along got involved in activitiesRead MoreWells Fargo vs Bank of America2683 Words   |  11 PagesThe Perfect Match: Wells Fargo vs. Bank of America The banking industry is highly competitive. The financial services industry has been around for hundreds of years. Wells Fargo has many competitors itself. In this paper, I will be doing a comparison of Wells Fargo amp; Company (WFC) and one of its biggest competitors, Bank of America Corporation (BAC). By analyzing looking at the financial ratios, one can see whether the company is successful or not. In the following, I will try to analyze andRead MoreBank of America Analysis Paper2217 Words   |  9 PagesBank 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 needsRead MoreBank of America3692 Words   |  15 PagesBank of America IS enhances business strategy: The world is a rapidly changing canvas that visits a dynamic and turbulent environment on senior managers changing how Information Systems (IS) are used and needed in each organization. The power to collect, assess, and disseminate information is a valuable strategic resource that any organization can use to improve its competitive advantage. At the same time, technological advances are changing rapidly, thus requiring frequent updates in hardware