making. This will be discussed further in the Bank of America-Merrill Lynch merger. Utilitarianism is considered a scientific system of ethics and not just a philosophical theory of ethics. Utilitarian ethics follows the belief of maximizing the greatest good for the largest number of people. As utilitarianism is identified‚ one needs to learn that the greatest good could be based on aggregate principle or a distributive principle. The Bank of America-Merrill Lynch merger will be assessed in regards
Premium Utilitarianism Bank of America Private banking
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 more than 59 million consumer and small business relationships with more than 6‚100 retail banking offices‚ more than 18‚000 ATMs and an online banking
Premium Bank Financial services Fortune 500
Research Paper This report will compare the pro-forma financial statement of two companies: Bank of America and General Electric also-known as GE. It will describe and summarize the comparison of both organizations and their fiscal stability. It will also detail the typical business cycle of these two companies. Pro-Forma Financial of General Electric and Bank of America General Electric and Bank of America are two companies in the US that are competing to increase their sales‚ as well as their income
Premium Finance Investment Economics
Organizational Behavior‚ Design‚ and Change‚ 6e (Jones) Chapter 1 Organizations and Organizational Effectiveness 1) Studying organizations is relatively easy because they are tangible. That is‚ we can see and touch them. F 2) One of the difficulties in studying organizations is that they are intangible. In other words‚ we cannot touch or see them. T 3) Entrepreneurship is the process by which people recognize opportunities to structure organizations more efficiently. F 4) Amazon.com was created
Premium Organizational culture Organizational studies Organization
Bank of America Five Forces Analysis Threat of new entrance The sector offers a considerable barrier to new entrants due to the high capital required to establish a new bank. As banking is professional services type required high creditability‚ strong brand presence is the key obstacle for newcomers. However‚ in line of Global consumer & small business banking especially payment service the entrepreneur or new company could compete in this segments e.g. internet bill payment. Additionally
Premium Bank Financial services Money
Introduction. Some organizational behavior problems I would like to explore in this paper are management style‚ job dissatisfaction‚ and organizational change and restructuring at National City Bank (based in Cleveland‚ Ohio) stemming from a recent change in its organizational culture. National City recently merged with PNC (Pittsburgh National Corporation) and with the merger came a change in the organizational culture at National City. Before the merger‚ National City’s strategy for acquiring
Premium Organizational studies Customer Customer service
The 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 & 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 and
Premium Financial ratio Bank Financial services
1. What are the core business processes1 (i.e. high level; major business and financial services) performed at Bank of America as part of its product and service offerings? Core Bank of America Business Process: Activities within the Core Process people management recruiting performance management staff development payroll benefits administration financial management general ledger accounts payable accounts receivable reporting and compliance cash management asset management supply-chain management
Premium Accounts receivable Management Process management
CAPITAL STRUCTURE DETERMINANTS THE CASE OF THE KENYAN BANKING INDUSTRY TABLE OF CONTENTS 1. INTRODUCTION Capital structure refers to the mix of debt and equity which a firm uses to finance its operations. Many theories have been formulated with regard to whether there exists an optimal capital structure mix and the role the various determinants of capital structure play in deciding the mix. The Modern theory of capital structure began with Modigliani and Miller in 1958 (Harris
Premium Capital structure Corporate finance Finance
Organizational Structure and Culture Nur/492 March 11‚ 2013 Organizational Structure and Culture Organizational structure is described as the establishment of authority and the arrangement of the work group. Classical theorists developed the concept of departmentalization as a means to maintain command‚ reinforce authority‚ and provide a formal system for communication (Sullivan & Decker‚ 2009). The design of an organizational structure can be vertical or horizontal. Work is subsequently
Premium Organization Organizational studies Structure