Describe the business of the organization that you have chosen, indicating the financial services provided by the institution.
Develop and apply a Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis of this organization.
Suggest ways that the institution could capitalize on its strengths and minimize its weakness. Provide support for your rationale.
Examine the current regulatory environment and illustrate three (3) ways in which this environment affects the profits of the organization that you have chosen.
Suggest ways that the organization can minimize the impact of the regulation on its operations. Provide support for your rationale.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.
The specific course learning outcomes associated with this assignment are:
Analyze the organization and structure of the banking and financial-services industry.
Use technology and information resources to research issues in commercial bank management and operations.
Write clearly and concisely about commercial bank management and operations using proper writing mechanics.
This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.
The banking and financial industry has been through many economic cycles though out the years. The most current cycle has been the housing crisis in the late 2000’s. Many of the large financial institutions and banks lost money on real estate loans due to customers delinquency increasing, thus increasing the amount of foreclosures of houses and commercial real estate.
Bank of America is the second largest bank according to asset size. As of 12/31/2012, Bank of America’s total assets totaled $2,212,004,452, slightly trailing JPMorgan Chase & Co who is the largest bank currently. Bank of America currently has over 267,000 employees globally. Their services consist of normal consumer banking such as checking accounts, savings accounts, certificate of deposits, IRA’s, consumer loans and real estate loans. Bank of America’s loan department consists of variable and fixed rate mortgages, commercial loans. Merrill Lynch merged with Bank of America in 2008 giving them a larger brick and mortar presence in investments....
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