We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Bank of Americas Problem - Research Paper Example

Comments (0) Cite this document
  This paper begins by describing BAC’s position making sense of the situation the bank is in and uncovering the major issue behind the problems facing the bank. The paper also describes how the issues can be solved, builds a plan of how the BAC can solve these problems…
Download full paper
Bank of Americas Problem
Read TextPreview

Extract of sample
Bank of Americas Problem

Download file to see previous pages... The bank spent billions of dollars in a bid to solve the issues Countrywide was involved in but almost four years later, the problems still persist and BAC has not been as profitable as it was before it acquired Countrywide. The reason has remained controversial about the failure of the bank’s performance soon after the acquisition and on the basis of this controversial issue; this paper has been decided to be taken up. Countrywide has been selectively considered as the most influencing fact towards the failure of the bank which is evident from various articles searched for during the making up of this paper. Various charts consisting of figures related to the downfall in the bank’s performance after acquiring Countrywide have been incorporated in this paper so that a comprehensive notion of the entire fact can be derived. The aim of this paper has been set with respect to resolving the present problematic situation of the bank pertaining to its merging with Countrywide during the year 2008.  Bank of America Position Bank of America (BAC) prides itself in its position and the role it plays in serving households, businesses, individuals and families to grow and succeed as a way of fuelling the economy. The bank upholds high standards of corporate governance and ethical conduct as a way of demonstrating its commitment. BAC is the biggest US lender in terms of assets and has about 13.9 million mortgages half of which are marred by controversy and are in the process of being segregated into good and bad. The effort to perform mortgage segregation on the part of BAC is aimed at staving off lawsuits arising from Countrywide mortgages (Plunkett, “Mortgages and Credit Industry Almanac”). BAC works with the belief of holding strength and rebuilding strength on failure each time. The recreation of strength after failure or even sustenance of strengths is undertaken by the bank mainly through concentration on key goals of the corporation’s performance. The goals are obviously set according to the vision of the corporation and the strategies laid down by it for reaching to the vision in the long term. On this note, the vision statement of BAC is to evolve as the best company in the segment of financial services within the world. BAC holds the belief that the bank has its entire resources set for achieving the long-term goal in the form of vision. The vision is deemed to be also achievable by the bank based on the capabilities that it holds. The bank believes that the capabilities of the bank are efficient enough for meeting the financial requirements of the clients and the consumers. These capabilities are believed to be taking the bank near to the vision it has set for the future (Bank of America, “Annual Report 2010”). For the purpose of fulfilling its long-term vision, the bank concentrates heavily on its mission which is evident from the banks’ follow up of certain strategies.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Bank of Americas Problem Research Paper Example | Topics and Well Written Essays - 6000 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1423896-bank-of-america-s-problem
(Bank of Americas Problem Research Paper Example | Topics and Well Written Essays - 6000 Words)
“Bank of Americas Problem Research Paper Example | Topics and Well Written Essays - 6000 Words”, n.d. https://studentshare.org/macro-microeconomics/1423896-bank-of-america-s-problem.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Religion and Americas Founding
It is very true that the present-day notion of the separation of the church and state is at odds with the Founding fathers’ vision of religion’s role in our democratic republic. The Founding Fathers would be seriously shocked if they woke up from the dead and find what is currently going on in America.
4 Pages(1000 words)Essay
Early americas history
Primary sources provide the 21st century reader with first hand information concerning the American history. The book presents a documentation of such primary sources so that the future generations have a point of reference when studying the history of ancient America.
3 Pages(750 words)Essay
The GE Money Americas
GE Money Americas has been ranked among the largest financial services in its market. The popularity of GE Money Americas is attributed to its effective leadership styles and approaches in addition to the exemplary talent management within the company. However good leadership and effective talent management was achieved after several problems and major challenges were identified within the company by its top executives.
6 Pages(1500 words)Essay
Improving Americas Schools Act
These skills and knowledge shall be appropriate to the needs of the students for the 21st century. Districts and schools that formulate solutions supporting reform efforts in order to meet the needs of the students were set to get increased support for professional development, technology, and comprehensive technical assistance (Improving America's Schools Act of 1994, 2001).
6 Pages(1500 words)Book Report/Review
Americas History of Immigration
This fact depicts the very character of the immigration experience in the United States. In modern times, the definition has been modified to cater to the second and third generation dwellers that have sprung from the original migrants. (Gjerde, 1998. Pp 288 to 290 )
4 Pages(1000 words)Essay
Getting rid of the Federal reserve bank would solve americas problem
Presidential politics is quite sensitive because it touches on policies that will influence the lives of America in the future. Sound policies in the economic sector would rejuvenate hope in America.
5 Pages(1250 words)Essay
Developing Americas Second Language
These two authors assert that the first language, in American culture, is individualism. This is the language that most Americans are well conversant with since it focuses on personal responsibility, self determination, freedom, self-discipline, and limited
3 Pages(750 words)Essay
The bank investigation documented up to 14 communications that helped to find the root of the missing funds. They would eventually be led to the commercial director of the bank. The case revealed that he had committed
1 Pages(250 words)Essay
The Americas
Some of the kingdoms, like the Anasazi, had already collapsed before the arrival of the Europeans. However, some kingdoms, like the Aztec and the Inca collapsed
3 Pages(750 words)Research Paper
Teamwork and Motivation Problem of Friendly Bank

The author explains that Friendly bank, online banking division of Parkers Plc, is one of the high street banks of Southampton, reputed for its excellence in customer services. The targeted customer segment of Parker Plc being white, middle class and wealthy, the bank enjoys a competitive advantage by ensuring security to all its customers.

7 Pages(1750 words)Coursework
Let us find you another Research Paper on topic Bank of Americas Problem for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us