首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Bank of America, holding company for the San Francisco-based Bank of America, was once unchallenged as the nation’s biggest bank
Bank of America, holding company for the San Francisco-based Bank of America, was once unchallenged as the nation’s biggest bank
admin
2017-04-21
36
问题
Bank of America, holding company for the San Francisco-based Bank of America, was once unchallenged as the nation’s biggest banking organization. At its peak, it had more branches in California — 1,100 — than the US Postal Service. It was also a highly profitable enterprise. But since 1980, Bank of America’s earnings have been down or flat. From March 1985 to March 1986, for example, earnings per share dropped 50. 8 percent. Samuel H. Armacost, president and CEO, has confessed that he doesn’t expect a turnaround soon.
Some of Bank of America’s old magic seems to have rubbed off on New York’s Citibank, perennial rival for top banking honors. Thanks to aggressive growth policies, Citicorp’s assets topped Bank of America’s for the first time in 1983 and by a healthy margin. Citibank has also been generating profits at a fast clip, enabling it to spend lavishly on campaigns to enter new markets — notably Bank of America’s turf in California.
The bad times Bank of America is currently facing are partly the result of the good times the bank enjoyed earlier. Based in a large and populous state and operating in a regulated environment, Bank of America thrived. Before deregulation, banks could not compete by offering savers a higher return, so they competed with convenience. With a branch at every crossroads, Bank of America was able to attract 40 percent of the California deposit market — a source of high earnings when the legal maximum payable to depositors was much lower than the interest on loans.
The progressive deregulation of banking forced Bank of America to fight for its customers by offering them competitive rates. But how could this mammoth bureaucracy, with its expensive overhead, offer rates as attractive as its loaner competitors? Pruning the establishment was foremost in the minds of Bank of America policymakers. But cutbacks have proceeded slowly. Although the bank is planning to consolidate by offering full services only in key branches, so far only about 40 branches have been closed. Cutbacks through attrition have reduced the work force from 83,000 to fewer than 73,000; wholesale layoffs, it seems, would not fit the tradition of the organization. And they would intensify the morale problems that already threaten the institution.
The best title of the passage would be ______.
选项
A、the Prospects of Bank of America
B、the Rise and Fall of Bank of America
C、the Mammoth Bureaucracy of Bank of America
D、Measures Taken to Save Bank of America
答案
B
解析
本文主要介绍了美国银行以前成功和现在面临困境的原因。
转载请注明原文地址:https://kaotiyun.com/show/Wx9d777K
本试题收录于:
BFT阅读题库国际化人才外语考试(BFT)分类
0
BFT阅读
国际化人才外语考试(BFT)
相关试题推荐
HereisanadvertisementaboutforacertainpositioninthenewspaperofDec.7,2005.Readtheadvertisementandcompletethe
Readthefollowingletterandcompletethegiveninformationform.Writeaword,phraseornumberinthespaces1-5.De
Somepeopleholdthatoldpeopleshouldbetakencareathome,whileothersthinktheyshouldbeplacedinoldpeople’shouse.W
Usingtheinformationinthetext,completeeachsentence14-18withanexpressionfromthelistbelow.Foreachsentence(14
Usingtheinformationinthetext,completeeachsentence14-18withanexpressionfromthelistbelow.Foreachsentence(14
Readthefollowingpassageandanswerquestions9-18.1.Peoplehavebeenpaintingpicturesforatleast30,000years.Theearli
WildBillDonovanwouldhavelovedtheInternet.TheAmericanspymasterwhobuilttheOfficeofStrategicServicesinWorldWar
Directions:Usingtheinformationinthetext,completeeachsentence6-10,withawordorphrasefromthelistbelow.Foreach
Directions:Usingtheinformationinthetext,completeeachsentence6-10,withawordorphrasefromthelistbelow.Foreach
1.TheAmericanbabyboomafterthewarmadeunconvincingadvicetothepoorcountriesthattheyrestraintheirbirth.However,
随机试题
简述高效液相色谱中组分的分离过程。
血液透析并发低血压的原因有()
半夏厚朴汤中,行气滞者为半夏厚朴汤中,臣药为
CAM的中文名称是计算机辅助设计。()
《预算法》的作用有()。
背景调查中,应根据调查内容把目标对象进行分类调查。分类项目中未包括的一项是()。
()是“二战”后法国年鉴学派的第二代领袖和史学大师。
从结构上说,动作技能包括几个部分,分别是()
证明对于任何m×n实矩阵A,ATA的负惯性指数为0.如果A秩为n,则ATA是正是矩阵.
AmericanMuseumofNaturalHistoryisoneofthelargestnaturalandhistoricmuseumsintheworldandoneofthemainnaturalh
最新回复
(
0
)