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
65
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.
Now the most important factor for a bank to win in competition seems to be ______.
选项
A、higher deposit rate
B、flexibility of capital
C、high banking honors
D、support of the government
答案
A
解析
从最后一段第1句:“The progressive deregulation…them competitive rates.”可以看出,利率在当前的竞争中最为重要,至于B(资金流动性)、C(良好声誉)、D(政府支持)可能也是因素之一,但在作者看来,不是主要因素。
转载请注明原文地址:https://kaotiyun.com/show/Xx9d777K
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
YougotaletterrequestinginformationfromAndreaPhilips,themarketingmanagerofLinguaServicesLtd.
Readthisnotefromyourboss,Mr.RichardWesley.May18th,2013Louise,Ourcompanyisworkingonopeninganewof
HereisanadvertisementaboutforacertainpositioninthenewspaperofDec.7,2005.Readtheadvertisementandcompletethe
JohnWilliams,PersonnelDirectorofacompany,receivesanapplicationfromJackSmithapplyingforapositioninthecompanyb
Usingtheinformationinthetext,completeeachsentence14-18withanexpressionfromthelistbelow.Foreachsentence(14
ReadthefollowingpassageandchoosethecorrectanswerfromA,B,CandD.Moreandmore,theoperationofourbusinesses,
Directions:Usingtheinformationinthetext,completeeachsentence6-10,withawordorphrasefromthelistbelow.Foreach
1.Onceitwaspossibletodefinemaleandfemaleroleseasilybythedivisionoflabor.Menworkedoutsidethehomeandearned
Beforehisretirement,Brianworkedasapilotforacompanycalled(9)______foralongtime.Brianfeelslikeabirdwhenfl
随机试题
①鼠洞使草场植被破坏严重②苍鹰的羽毛被视为高贵的装饰品③田鼠失去天敌大量繁殖④羊群缺少牧草被迫转场⑤草原上已很难见到苍鹰的影子下列对上述5个事件排序最合理的是()。
患者,男性,68岁。突发胸骨后剧烈疼痛,持续3小时,伴大汗,急诊入院。有吸烟、饮酒史。心电图见图3—11。1小时后,患者症状加重,心电图如图3—12所示,诊断为
A.抗结核治疗B.病灶清除术C.肾部分切除术D.肾切除术E.肾造瘘一侧肾结核无功能,对侧肾重度积水并尿毒症,应先作()
电石仓库属于甲类火灾危险陛场所,在日常监管中要采取特别的措施,下列措施中正确的是()。
桥梁三角网的基线一般采用()。
下列选项中属于可以终止劳动合同的是()。
下列错误中,能够通过试算平衡查找的有()。
编制单位预算的计算方法有()。
认为功能的丧失与特定部位无关,与受损面积有关是哪种脑机能学说的观点?()
在使用UML对数据库应用系统进行建模的过程中,状态图和活动图是常见的动态建模机制。有下列状态图和活动图:Ⅰ.Ⅱ.Ⅲ.Ⅳ.以上状态图或活动图语法正确的是()。
最新回复
(
0
)