executive committee, and board of directors). In 2011 Bank of America suffered a data breach from within the company that cost Bank of America approximately $10 million. A former Bank of America employee provided confidential information to a criminal fraud ring. That data was then used to steal funds from 300 customers in California and other states in the western United States. The names, addresses, Social Security numbers, phone numbers, bank account numbers, driver’s license numbers, birth dates
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What are the Determinants of Financial Access in Latin America? Financial systems that are well-functioning help improve the problems created by information and transaction costs and help allocate resources across space and time. According to the author, financial development affects capital accumulation and technological innovation through at least five channels: by facilitating risk management, by reducing the costs of acquiring information about new investment opportunities, by simplifying
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Market-Product Analysis: Minnesota Lions Eye Bank Abstract The Minnesota Lions Eye Bank (MLEB) is a non-profit organization responsible for the recovery, processing and distribution of ocular tissue used for transplant and/or research purposes in the state of Minnesota, western Wisconsin and eastern North Dakota. The primary products the produces are corneas, sclera and whole globes. In North America and Asia there is a large demand for ocular tissue for transplant as well as research and training
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farms (https://en.wikipedia.org/wiki/Parmalat). The dairy food giant defaulted on debt in November 2002 and filed bankruptcy in December 2003. It sounds ridiculous because Parmalat’s subsidiary in Cayman Islands had a $4.9 billion cash balance in Bank of America account. However, this account was falsified. Meanwhile, Parmalat also hid losses of $10 billion and increasing assets as high as $19 billion. The auditors did not show enough professional skeptism and due care during the audit. 1. What
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Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Bank of America offers services to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries and has relationships
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Executive Summary In general, product or brand hierarchy is defined as the process where the products and brands are categorized into elements that are used by the companies for promoting their products and services. Brand and product hierarchy is used by the companies for the purpose of increasing the branding and product relationships with their customers. Depending on the availability of brand elements, the companies categorize their products for representing their brands in the market. Within
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Bank of America 2010 Annual Report Maggie Ballantyne Professor Adams Accounting 100 2/26/2012 Bank of America December 31, 2010 Abstract This paper analyzes Bank of America’s 2010 annual report. It discusses the main sections, key factors influencing the financial performance, the company’s primary assets, and how the management characterizes the internal controls of the company. A company’s annual report shows its stockholders the corporation’s financial statements and a summary
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an “app” for your banking needs then there’s a strong possibility that your bank has a mobile version of their site making mobile banking easier than ever. How is internet/smart phone banking possible? The answer lies within the application and implementation of management information systems. These information systems contain components that work together to provide information. With the technology available today, banks have basically taken their information systems and expanded them to management
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------------------------------------------------- ------------------------------------------------- Sustainability of extreme working hours ------------------------------------------------- Situation Moritz Erhardt, a German summer intern at Bank of America Merrill Lynch died in his shower after 72 hours of consecutive work. He was an epileptic patient but the trigger of his seizure was (most probably) related with the long working hours. That such a thing happened was a matter of time. The working
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effort to gain market share in California, Bank of America, third largest bank in the US, aimed a major campaign at the Asian market. The attractive Asian consumer segment, comprised of such diverse groups a Chinese, Koreans, Japanese, Vietnamese, Cambodians, and Filipinos was large growing faster and had higher incomes than any other ethnic group. However, many Asian immigrants were unfamiliar with American financial institutions and avoided them. Bank of America ran translated ads in Asian language news
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