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
2013-05-20
43
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 hi California, 1,100 more than the U.S. 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 while 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 bureancracy, 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.
Which of the following is NOT the reason for which Bank of America thrived?
选项
A、It’s turf California was a state with a large number of population.
B、The economic environment that was controlled by the government.
C、Its deposit rate was higher than that of other banks.
D、Its large amount of branches.
答案
C
解析
细节题。选项A、B、D都可在第三段中直接看出或推出,而根据第三段“Before deregulation,banks could not compete by offering savers a higher return...”可见C所提出的有较高的存款利率是不可能的。
转载请注明原文地址:https://kaotiyun.com/show/vC4O777K
0
专业英语八级
相关试题推荐
Thewell-beingofasocietyisenhancedwhenmanyofitspeoplequestionauthority.Doyouagreeordisagreetothestatementab
ScientistssaidThursdaythatanewAIDSvaccine,thefirsteverdeclaredtoprotectasignificantminorityofhumansagainstth
HowtoConquerPublicSpeakingFearⅠ.IntroductionA.Publicspeaking—acommonsourceofstressforeveryoneB.Thetr
Countries,businesses,andschoolsarethreeareasthatneedgoodleaders.Chooseoneofthesethreeareasanddescribethemost
WhichofthefollowinghistoriceventsisoflittlesignificancetoAmerica?
Humanityusesalittleleasthanhalfthewateravailableworldwide.Yetoccurrencesofshortagesanddroughtsarecausingf
Humanvisionlikethatofotherprimateshasevolvedinanarborealenvironment.Inthedensecomplexworldofatropicalforest
A、theythinkthatwillmaketheattendantsworkfasterB、theybelievefastmusiccanmakepeopleeatmoreC、timespentoneating
Israelisa"powerhouseofagriculturaltechnology",saysAbrahamGorenofElbitImaging(EI),anIsraelimultinational.Thecou
随机试题
胸部触诊时语音震颤增强常见于
患儿,男,8岁。右上前牙肿包3天就诊,患儿近半年来右侧经常冷热刺激痛,吃饭痛,偶有自发痛,不用右侧吃饭。1周前右上前牙疼痛加重,3天前牙床肿痛。检查:右上2舌隆突处有内陷窝,腐质较软,探窄深。叩诊(+),松动Ⅰ度。牙龈充血,根尖区牙龈有一小脓包,刺破有脓液
患者呃声沉缓有力.胸膈及胃脘不舒,得热则减,遇寒更甚,纳食减少,喜食热饮,口淡不渴,舌苔白润,脉迟缓。其主要病机为
工程质量事故具有复杂性的特点,这是由于建筑生产的特点造成的。工程质量事故的复杂性包括()
根据《会计法》的规定,单位负责人对会计人员实行打击报复的,除对单位负责人依法进行处罚外,对遭受打击报复的会计人员还应采取补救措施。下列各项中属于补救措施的有()。
中国银行北京分行的个人外币存款额已突破10亿美元;在该行累计发放的20亿美元外汇贷款中有相当大的比例来自居民个人存款。这段话的主要意思是()。
下列给定程序中,函数fun和funx的功能是:用二分法求方程2x3-4x2+3x-6=0的一个根,并要求绝对误差不超过0.001。例如,若给m输入-100,给n输入90,则函数求得的一个根为2.000。请改正程序中的错误,使它能得出正确
Peopleusecreditcardsonconditionthattheyhave______.Howlongcanthepaymentbeputoffwithoutbeingcharged?
MyfavoriteT.V.show?"TheTwilightZone."I【B1】______liketheepisodecalled"ThePrinter’sDevil."It’saboutanewspapered
A、Thereformoftheretailingsystem.B、Theworshipofconsumption.C、Thedominanceofselfishness.D、Anewgenerationofupper
最新回复
(
0
)