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
85
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
YourarethesalesmangerofACLCompany.Yourcustomer,JacksonBryer,invitesyoutohavedinnerwithhimonTuesdaytheTwelf
Usingtheinformationinthetext,completeeachsentence14-18withanexpressionfromthelistbelow.Foreachsentence(14
Readthefollowingpassageandanswerquestions9-18.1.WhenChristopherColumbuslandedonAmerica’sshores,heencounteredco
WildBillDonovanwouldhavelovedtheInternet.TheAmericanspymasterwhobuilttheOfficeofStrategicServicesinWorldWar
WildBillDonovanwouldhavelovedtheInternet.TheAmericanspymasterwhobuilttheOfficeofStrategicServicesinWorldWar
Therearemanydifferentreasonswhyfashionissuchapowerfulculturalandeconomicinfluenceindevelopedsocietiesatthebe
Directions:Usingtheinformationinthetext,completeeachsentence6-10,withawordorphrasefromthelistbelow.Foreach
Facialexpressionscarrymeaning,determinedbycontextsandrelationships.【R1】______Awoman’ssmileatapolicemanwhoisabou
Haveyoueverimaginedbeingaking,dreamedofgoingbacktoancienttimesandbeingakungfumasterorwishedtotraveltoout
Beforehisretirement,Brianworkedasapilotforacompanycalled(9)______foralongtime.Brianfeelslikeabirdwhenfl
随机试题
PASSAGEONEWhatdoesthenarratormeanby"Iknowhowthosethingsgo"(Para.11)?
Word2000定时自动保存功能的作用是
A.夺气B.少气C.谵语D.短气中气大虚的表现是
对于下列纠纷的解决,可以适用《合同法》的有( )。
6月5日,某投资者在大连商品交易所开仓卖出玉米期货合约40手,成交价为2220元/吨,当日结算价格为2230元/吨,交易保证金比例为5%,则该客户当天须缴纳的保证金为()。
以下不符合个人耐用消费品贷款的贷款对象须满足条件的是()。
甲上市公司股东大会于20×1年11月4日作出决议,准备改造公司厂房。为此,甲公司于20×1年12月5日向银行借入三年期借款1000万元,年利率为8%,利息按年支付。款项于当日划入甲公司银行存款账户。同时甲公司还有两笔一般借款,一笔是20×0年5月1日从A
制定学期教字计划的要求是什么?
过度消费是指超出一定界限,与经济发展水平不相适应的消费水平,在我国主要有三种突出类型:超前消费、炫耀性消费和病态消费。其中炫耀性消费并不是为了满足个人消费的需求.而是通过一种消费方式向他人炫耀和展示自己的金钱财力和社会地位。根据上述定义,下列属于炫耀性消费
Wheredoesthisconversationmostprobablytakeplace?
最新回复
(
0
)