Group #8 Project 2 Introduction: Bank of America Corporation. Operates as a bank company that provides banking and nonbanking monetary services and merchandise through its banking and numerous nonbanking subsidiaries throughout the US and insure international markets. It operates through 5 segments: client & Business Banking, client land Services, world Banking, world Markets and world Wealth & Investment Management. The buyer & Business banking section offers a wide-ranging vary of credit, banking and investment merchandise and services to shoppers and businesses. Its merchandise embody ancient savings accounts, market savings accounts, CDs, IRAs, noninterest- and fixed costs checking accounts and investment accounts. The client the buyer the patron land Services section provides an in depth line of consumer land merchandise and services to customers nationwide. Its merchandise embody fixed- and adjustable-rate first-lien mortgage loans for home purchase and refinancing wants, HELOC and residential equity loans. The worldwide Banking section provides a variety of lending-related merchandise and services, integrated capital management and treasury solutions to purchasers, and underwriting and consultative services. The worldwide Markets section offers sales and commerce services, which has analysis to institutional purchasers across mounted financial gain, credit, currency, goods and equity businesses. The worldwide Wealth & Investment Management section
Scammers are calling consumers and falsely identifying themselves as Bank of America employees. In this scam, they explain that there are “irregularities” with their account and need to confirm their account information. They will then proceed to ask the consumer for their account information and other personal info that will help them gain access to the consumer’s account. If the consumer responds with skepticism, the scammer may then try to scare or intimidate the consumer into giving up the information they
Bank of America is the largest US bank founded in 1904, it has expanded through several acquisitions. By the end of 2009, Bank of America was the market leader serving 82% of the US population and over 53 million customers. They are positioned as number one in online and mobile banking. Their mobile banking services were launched in 2007 and have gained 4 million customers in less than three years. Acquisitions made by Bank of America prior to the financial crisis caused a very strong drop in their stock price.
Chase Bank is a national bank and constitutes the consumer and commercial subsidiary of JP Morgan Chase. Chase Bank traces its origins to Manhattan Bank, created by Aaron Burr (The History of JP Morgan Chase & Co., 2008, p.2). Chase was the first tenant at the Rockefeller Center and was later on led by David Rockefeller in the 1960’s (Wilson, 1986, p.87). The famous Bank One became part of Chase in 2014, and the regrettable Washington Mutual, under receivership, was sold to Chase at a bargain during the crisis of 2008 (The History of JP Morgan Chase & Co., 2008, p.19).
AmeriTrust Bank is a very known southern bank. It is amongst the top 20 banks in the United States and the top 20 financial institutes in Florida. The bank is 126 years old forming in 1891, at the time it was known as Trust of Georgia. It was granted a charter by Georgia General Assemble, it was founded by a group of men that named the bank Trust of Georgia after restructuring itself as a trust company. The Predecessor of AmeriTrust was founded in 1911 as the people’s Local Bank. In 1920 it became The First Local Bank but due to the Great Depression it failed in the 1930’s. Reorganizing itself in 1934 as The First National Bank at Orlando and in the 1970’s it merged with other Orlando Banks to become Ameri Bank.
Following the sale of U.S. Trust to Bank of America in November of 2006, for $3.3 billion in cash, the new management team at U.S. Trust began to reevaluate its’ presence in so many local markets. Over the course of six to seven years, U.S. Trust closed or significantly reduced many of its local offices sending those accounts that had been serviced locally to new “Regional” service centers located in Dallas, Texas, Providence, Rhode Island, and Atlanta, Georgia.
Bank of America thrives off of the premise that they are aiming to enhance the financial lives of their customers. Per the Code of Conduct, Bank of America believes in treating all of their customers equally; they claim to expand beyond expectations to deliver satisfactory customer service; they implement discipline to eliminate financial risks to customers; they pride themselves on acting responsibly; and they strive to help individuals to reach their full financial potential. This company enforces the belief that they honor their ethics fully. This includes making
In the summer of 2015, I interned with Bank of America. At Bank of America I was given the title Student Leader and was positioned to work in conjunction with a local non-profit partner, the YWCA of the Central Carolinas. Within the YWCA I helped to maintain the organization's day-to-day operations in order to ensure a successful implementation of their not for profit services within the Charlotte community. Throughout my time at the YWCA, my duties included, operating philanthropy initiatives, managing off-site youth learning centers, and organizing meetings for the board of directors.
In the article, Bank of America ordered to pay $2.2 million to 1,000 black job seekers it discriminated against written by David Knowles there was a major issue regarding racism. This written piece discussed the court case against Bank of America and how this corporation was ordered to $2,181,593 in back wages and interest to 1,147 African Americans that were denied jobs. This bank’s office branch in Charlotte, NC had discriminated against blacks in 1993 and again between the years of 2002 and 2005. This case was first introduced in 1997 and settlements were not concluded until late 2013.
Bank Of America - Yes, you earn cash back from Bank Of America. You get 3% off on gas, 2% at grocery stores and wholesale purchase, and 1% of every other purchase for the first $2,500 in combined grocery/gas/wholesale purchases. Bank of America is a 0.02% interest rate. Bank of America also has a 0% annual fee. You can get a percentage of your cash back as well.
Bank of America is the company I elected to discuss their unique benefits package. Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with more than 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate
- Is based in Hong Kong, where the bank’s business has been physically conducted, and with a large network of branches in Asia, a very large London branch office, and several US branches, plus a subsidiary bank in California and a representative office in New York.
Bankers Life and Casualty is a division of the parent company CNO Financial. CNO’s values apply to all their subsidiaries as well. There is a firm foundational structure in the organization’s integrity, customer focus, excellence, and teamwork. However, Bankers Life maintains legally consistent, honest and basic actions. Customers’ monetary interests are important while meeting individual needs of the customer. The continual innovation of newer and faster methods of securing clients’ assets, allows Bankers Life Kalamazoo for being personally responsible for honoring their commitments to customers. Furthermore, the organization places “enterprise ahead of any business unit, function, department or individual interests” (Our Values, n.d.).
American Express, also know as AMEX, is a global financial services company headquartered in New York City and founded in 1850. With 54,000 employees and a revenue of over 35 billion dollars American Express stands tall on the New York Stock Exchange (Sec.gov). American Express is best known for it’s credit cards, which make up about twenty-five percent of total dollar volume in credit card transactions in The United States of America (Reviews.greatplacetowork.com). American Express’ goal is to maintain a leading and almost elite reputation with as many qualified card holders as possible. American Express does this by concentrating on the customer’s experience and branding that experience. American Express’ key components in maintaining and further exceling into this goal includes focusing on their human recourses, social responsibility, and marketing techniques.
Bank of America is a banking and financial service industry located in Charlotte, North Carolina. If you would like to access the internet address for Bank of America, then you can click on this link provided https://www.bankofamerica.com . Its primary SIC Code is 6021 – National Commercial Banks, and its primary NAICS Code is 522110 – Commercial Banking. The Bank of American provides many goods and services for its customers such as banking, credit cards, loans, and investments. Every day Bank of America is competing against many competitors but JPMorgan Chase and Wells Fargo are some of the largest. Bank of America’s stock exchange ticker symbol is NYSE: BAC. The external auditor is PricewaterhouseCoopers LLP in Charlotte, North Carolina.
According to group´s performance from 2002-2006 identifies that Barclays´ performance underpinnings are represented by its strategy of acquiring other banking (such as ABN Amro and Banco Zaragozano) concerns to expand its retail as well as other banking services through representation in international markets as represented by the bank’s presence in 60 countries. This provides Barclays with the means to sell its highly profitable investment banking services as well as be positioned to service the cadre of multinational companies that utilize its diverse banking financial service packages.