Bank of America Leadership Overview of Corporation

Bank of America Leadership

Overview of Corporation

Bank of America Corporation, a multinational banking and financial services organization that is the second largest holding company in the entire United States by assets, and the fourth largest bank by capitalization. Headquartered in Charlotte, North Carolina, the banks serves clients in more than 150 countries and has a business relationship with over 99% of U.S. Fortune 500 companies and 83% of the Fortune Global 400. As of 2010, the bank is the 5th largest company in the United States by total revenue, as well as the 2nd largest non-oil company in the United States, while Forbes listed it as the 3rd biggest company in the world. Its acquisition of Merrill Lynch in 2008 made it the world's largest wealth management corporation. B of A holds about 13% of all bank deposits in the United States with a retail footprint that covers about…… [Read More]

Bank of America Built Its Success by

Bank of America built its success by leveraging different elements of bank deregulation to grow the company into a national bank in the U.S., one of the country's largest. The driving force behind this success was visionary leadership at the top of the company and the ability to integrate a high growth platform with multiple acquisitions at the more functional managerial levels of the company. Thus, the company's leadership development program has been instrumental to its run of success.

There are seven components to Bank of America's leadership development program. The company believes that leaders matter, especially with respect to creating systems of accountability. The company believes in creating strong links between performance and reward, and it therefore sees talent as a critical enterprise resource. Flowing from the performance orientation, the company recognizes that today's leaders are not necessarily the ones that will lead tomorrow. The company believes that experience…… [Read More]

Bank Manager a Business Report on the

Bank Manager

A business report on the forecasted analysis of EcoGenics, Inc. Company with two products

EcoGenics, Inc.

Authored by:

A business report on the forecasted analysis of EcoGenics, Inc. Company with two products

Company overview

Product cost estimate

Variable costs

Fixed Costs

Selling Price estimate

Cost plus price

Market Price

Break even analysis

per product

Company Break-even

five year financial projection

operational budgets

five year income statements

investment appraisal

net present value

environmental impact

reflective

About Our Company

EcoGenics is a United States of America-based company that specializes in the manufacture and distribution of high quality, plant-based (herbal) skin care products. The company was voted as the "Best Skin Care in America" in the years 2012 and 2013. Our company offers a simple and yet streamlined group of two products (Micro-Dermabrasion Cream and Mineral Masque Souffle) both of which we are planning to start exporting to the United Kingdom.…… [Read More]

Bank of International Settlement Bank for International

Bank of International Settlement

Bank for International Settlement

The Bank of International Settlement was founded in 1930 after orld ar I by a group of central international banks. The purpose was to promote cooperation of central banks, provide additional facilities for international operations, and to act as a trustee or agent in regard to international financial settlements. (ood, 2005) It was designed to be the bank of central banks. It was given power in law to work on the behalf of the banks to build their economies and promote cooperation between the international banks.

orld ar I was fought using borrowed funds that had to be repaid. Germany was already facing impending collapse due to the Versailles Treaty of 1919 imposing reparations, which required them to pay 132 billion gold marks per year. The central banks founded BIS with the headquarters in Basle, Switzerland. It took the power to control…… [Read More]

Bank of America Is a

S. The bank expanded into the Chicago market. Bank of America, with a strong California base, was already the largest bank in the U.S. By deposits at that time.

The company completed the largest bank merger in U.S. history with the acquisition of NationsBank. The next major step was the 2004 acquisition of FleetBoston, followed by MBNA, a major credit card company. The bank began to expand outside of the U.S. In 2006. Further additions have been the United States Trust Company in 2006, LaSalle Bank in 2007, Countrywide Financial in 2007 and Merrill Lynch in 2008. These deals have not only enhanced the Bank of America's retail footprint but they have also diversified the business considerably both in terms of geography and in terms of business line. Many of these acquisitions form the core of entire operating groups at Bank of America today. Mergers and acquisitions are a key…… [Read More]

Bank Profitability in the Previous

(Warnings to be ignored)

The market for interest-rate change is another privileged playground. Banks just pay a low, short-term floating rate and get a high, fixed one. Most of the top 20 American banks receive at least 10% of their profits from this increase, and for J.P. Morgan Chase, it was an astounding 33% last year. (Warnings to be ignored) as well as civilizing their interpretation of the economic tealeaves, banks have become skillful at dispersing the risk of their loans. There has been a pace change in risk management. The expansion over the past decade of markets for dispersing risk among institutions has been extraordinary. For instance, most mortgages are securitized taking them off the books of the originating banks. In the syndicated-loan market, in which one bank or a small group gets together a large number of lenders, which might include pension funds and insurers as well as…… [Read More]

Bank of America Is One

The Bank of America is not leveraging its assets effectively at present, and this is something that makes it a relatively unattractive investment. In addition, the Bank of America may not be in a position to take advantage of an upswing in the U.S. economy, because the retail housing market is still depressed and the Bank is likely gun-shy about building back its mortgage business. The bank has probably expended much of its political capital as well by letting down that stakeholder group. There is not much cause for optimism therefore I would not invest in Bank of America at present, despite the low stock price.

orks Cited;

Alden, . (2010). Bank of America promises to meet bailout requirement, but challenges remains. Huffington Post. Retrieved May 31, 2011 from http://www.huffingtonpost.com/2010/12/06/bank-of-america-bailout_n_792438.html

Bank of America 2010 Annual Report. In possession of the author.

Blodget, H. (2009). 75% of latest Bank of America…… [Read More]

Bank of America Strategy Bank of America's

Bank of America Strategy

Bank of America's Strategic Initiatives Against Competitive Forces in the Global Economy

Bank of America is one of the largest financial institutions in the U.S. As with many other financial institutions, such as Chase, Citigroup and credit unions, Bank of America faces many dynamic forces in the economy, both domestically and globally and Bank of America must engage in several strategic initiatives in order to retain its core competencies, competitive advantage, and operations that continue to drive Bank of America's business toward success.

To do so, Bank of America must continue to be aware of the recent trends such as sovereign debt, housing, unemployment, durable goods, and energy / commodity prices affecting the global marketplace, ensure the strategies they develop are quick to adapt to these changing conditions, and hedge against the risk that economic forces bring.

Bank of America's Strategic Initiatives Against Competitive Forces in…… [Read More]

Bank of America Is One of the

Bank of America is one of the largest financial services company in the U.S. It is the largest bank by assets, largest commercial bank by deposits and is the second largest by market capitalization in the United States. In the Porter's Five Forces Model, Bank of America's main competitors include JPMorgan Chase, and Wells Fargo. Bank of America does have a lot of key factors working in its favor. The first factor is merely its name. Bank of America's favor are the high capital requirements and the government policies for the financial industry. Paintings, antiques, gold, and yachts are just a few examples of long-term tangible investments that will tie up dollars that could potentially be deposited by customers and then invested by Bank of America. For Bank of America, the main supplier is the Federal Reserve. Buyers of Bank of America products and services include people from a wide…… [Read More]

Bank of America's Operation in US and UK

ank of America is a large corporate entity with a global presence. The purpose of this discussion is to explore the company's operations in the United States and the United Kingdom. This discussion will identify the full range of products ank of America offers both in the United States and the United Kingdom. In addition the paper will describe the company's market, structure and competitive environment. Let's begin our discussion by taking a look at ank of America's Domestic and UK Operations.

ank of America in the U.S. And the UK

According to Multexinvestor ank of America became a corporation in 1968. ank of America is headquartered in Charlotte, North Carolina.

ank of America currently has facilities throughout the country in states that include; Virginia, North Carolina, the District of Columbia, Florida, New Mexico, Nevada and Arizona. (AC Full Description) The company operates in several locations in the United Kingdom…… [Read More]

Bank Finance Management the Global

Liquidity

Liquidity can be defined as the ability to convert an asset into cash quickly. In order to further explain, we can say that cash is the most liquid of all assets. With respect to financial assets liquidity is an important concept because the volatility of financial markets makes it an asset more valuable in the eyes of investor if its liquidity is high. If a particular asset is easily convertible into cash, we say that it has a high level of liquidity. A liquid asset has features such as rapid sale, with minimum loss of value, in the market. An illiquid asset is one that is cannot be sold readily at market value. Usually, examples of such assets can be found in the form of mortgage-related assets when there is severe economic recession and the housing market falls extensively. Discussing liquidity with respect to financial assets, it can be…… [Read More]

Bank Regulation -The Way Forward Since the

Bank egulation -The Way Forward

Since the recession hit the U.S.A. And the effect felt across the globe, there has always been the debate on the role that the banks and the banking system played in occasioning, perpetuating and even failure to stop the recession. Despite the various regulations that exist in the banking system, there are still massive failures like the failure to understand the new business models, inability to monitor and test banks isk analysis and management systems, regulations allowed banks to hold assets and loans off balance sheet without capital backing and overreliance on capital regulation to reduce the probability of banks to fail. Indeed most banks that failed had capital in excess (Mark Carney, 2010).

Our group met and having considered the situation above and the current trend in the banking industry, we came up with consensus that the banking industry needs regulation and very specific…… [Read More]

Bank One Jamie Dimon Is the CEO

Bank One

Jamie Dimon is the CEO of Bank One and has been on the job for a few months. He has completed his first 100 days with the company and is now set to initiate a long-term turnaround strategy. In the first 100 days, Dimon met with managers from across the bank's different businesses and units in order to learn the problems that the company is facing. The purpose of this report is to analyze the current situation facing Dimon and Bank One, first by identifying the issues the company is facing, and then conducting an analysis of the key internal and external factors.

Dimon must address a number of different problems at Bank One. The commercial banking group is a mess, described as a set of "fiefdoms." There is no cohesion within the group. The incentive system emphasizes growing the loan bank, but not profitability. The commercial banking…… [Read More]

Bank America Case Study From Goldsmith &

Bank America Case Study From Goldsmith & Carter textbook, select Bank America (Chapter 2) case study assignment - uploaded Write a (5-7) page paper: 1.Outline talent management program led success company.

Bank of America case study

The modern day working environment is a highly complex and intricate field, in which employees and employers have to continually meet new demands, standards and challenges. Employees, for instance, have to perform new tasks at superior standards, or they have to continually develop their skills.

At the level of the employers, they have to respond to challenges such as increasing roles of employees, increasing competition for talented staffs or changing structures of the workplace, especially due to diversity (Bond, 2007). Despite these challenges, the role of the employer remains that of directing and using the resources of the staffs to attain the business objectives of the firm.

In order to attain this objective, economic…… [Read More]

Bank Statement Plan Millbridge Family Service Millbridge

Bank Statement Plan

Millbridge Family Service

Millbridge Family Service (MFS) is a charitable nonprofit foundation that has been supported by other established umbrella organizations, which in this case, it is supported through a lot of its funding through he Unified Path which is a much larger charitable and national organization that is supported through the donations given by societies businesses and individuals who wish to support and help us in providing other funds and goods and services to smaller foundations such as Millbridge and other family counseling programs in the area which is different for different regions depending on the geographic location. Currently, the Unified Path has been financially assisting Millbridge in their projects to help care for and assist needy families, therefore, the accounting department must keep track of these income and banking statements to keep up with how much Millbridge will owe to Unified even though Unified is…… [Read More]

Bank of New Salem How Can We

Bank of New Salem

How can we maintain our Webster branch without a negative financial impact?

Persuasive Message: We can continue to maintain our Webster branch without incurring future losses. Upon review of the branch's financial reports and conversations with the branch's manager, I have discovered significant room to cut overhead costs that will return the branch to profitability within a three-month time frame. These cuts will have a minimal impact on the branch's operations and ability to generate revenue. Given New Salem's authorization to implement my plan for saving Webster branch, I will instruct Webster branch management to take immediate action to execute my strategy.

Big Deal Bakery

Will it be more effective to hire a laboratory or a consultant to advise us on how new FDA regulations impact our package labels?

Directive Message: I am writing to request that you evaluate either the use of a laboratory or…… [Read More]

Bank Services Improvement National Bank

At this time, more people were put on staff. In addition, as with a supermarket, lines can be changed from only one transaction to several transactions allowed. The video helped better clarify the best time to have extra windows open for single transactions. Customers hate waiting for someone who has several transactions, if they do not have the same. Similarly, they do not like waiting for longer services, such as counting store money or requesting a bank order. This is a separate window that is kept open at peak times, with the teller floating elsewhere when not needed. Neither employees nor customers like when the bank teller goes back and forth between the drive up and the inside windows. Therefore, one or two tellers are dedicated to the drive up depending on the time of the day.

Through watching body language on the video, it was observed that five minutes…… [Read More]

Bank Services the 1920s Are

Similarly, the Great Gatsby is also about the negative side of the prohibition, the gangsters and crime and how American morality was scarred by unethical behavior, a desire for success and wealth, yet, at the same time, ultraconservatism in social and political thinking. There was no way, in fact, that the prohibition could be any more successful than the lives of those who ignored and laughed at it. For the prohibition also consisted of hypocrisy, because even many of those who supported the law, either drank themselves, made money from it, or knew that it would never last for long.

President Hoover called the prohibition Amendment "a great social and economic experiment, noble in motive" (Time Life, 110). Noble though it may have seemed, seldom before had ever a law been so flagrantly violated. Not only did the United States continue to manufacture, barter and possess alcohol, but Americans drank…… [Read More]

Types of Risk Banks Address

How Credit Risk and Interest Rate Risk can Impact the Liquidity of a Bank
The banking industry is on the oldest in American history with origins dating back to 1784 with the founding of Bank of New York Mellon. The financial system, and in particular banks are a major component of a properly functioning economy. The banking system in general, is essentially a network of financial institutions that provide essential services to the economy. They are responsible for operating payments systems, providing loans, providing investment banking services, taking deposits, and so forth. From a consumer perspective, they are integral to the efficient movement of funds and capital from one entity to another. These are essential aspects to industry as well, due to their ability to help ensure efficient payments while also enabling business and household formation through credit services. As one of the most important industries in America, it is…… [Read More]

akbank Service and Management Analyzed

Akbank
1. Write a directive to the Director of Marketing and Communications outlining the exact strategy they should take to a) write an external public response addressing the situation and b) develop a short and long-term marketing strategy going forward
To: Director of Marketing and Communications
From: Chief Executive Officer
Date: 31 June 2017
RE: Short and Long-Term Marketing Strategy
Short-term marketing plans are also referred to as strategic plans as they lay emphasis on the marketing activities in the forthcoming financial year. Essentially, these plans highlight details on the phases Akbank will undertake in the promotion and advertisement of its goods and services. Taking into consideration that one of the short-term objectives of the bank is to generate increased revenues and returns within the financial year, the strategy that we can take is to hire an advertising and marketing consultant or expert to aid in the analysis and capitalization…… [Read More]

Banks Improper Foreclosure and Mortgage Practices in

Banks

Improper Foreclosure and Mortgage Practices in the Banking Industry

Efficient Market Hypothesis

Real Estate Bubble

Sub-Prime Mortgages

Overview on the Value of Banks

Arguments against Financial Intermediaries

Ethical Violations

This research paper aims to shed light into what led to the global financial collapse that, for the most part, began in the U.S. housing market and the ethical implications that followed. Many researchers agree that the primary drivers that led to the real estate crisis was the lifting of the Glass Steagall Act, the fostering of sub-prime lending, and the creation of derivatives and credit default swaps which were used as complex financial instruments. This offered the big five banks an entire new range of operating opportunities. All of these financial tools were justified by the efficient market hypothesis and as a consequence provide evidence for the lack of a truly efficient market. As a result of the financial…… [Read More]

Bank Reconciliation Statement What Is

Some reasons for differences arise due to checks that are issued but are not yet presented by the receiver, checks that have been sent for collection but are not yet collected, bank fees and charges, checks dishonored by the banks, interest paid by the bank on the balance, direct payments made into bank, cash payments and bills that are rebated by the bank. To avoid these discrepancies, a bank reconciliation statement is prepared.

To avoid manual errors and frauds

Another reason for the preparation of a bank reconciliation statement is to identify any frauds committed by the accounting staff. A staff could make an entry in the bank column of the cash book, but may fail to deposit the check in the bank due to negligence or with an intent to fraud. This statement also helps to keep a watch over the activities of the accounting staff and ensure that…… [Read More]

Bank Insure That the Level

In 2003, new procedures were created and they state that "companies accredited with receiving money relating to public subscription in securities must take all necessary measures to ensure the legality of the sources of the money used in the payment of such securities, in compliance with the provisions laid down in the Prevention and Prohibition of Money Laundering and its Implementing egulations" (Terterov and euvid, 2005).

Banking institutions are also focused on reducing money laundering and the principal actions they implement in this endeavor are those of fully complying with the regulations imposed by the central banks and the legislations in their home countries. More recently, the banks can access technological innovations to fight money laundering, such as LexisNexis's Bridger Insight XGTM (Tech 4 Law). But since the access to technologies is different at each bank, a conclusion is drawn that the internal reactions to money laundering are different. The…… [Read More]

Bank An Overview the World

Successes

The Bank has taken a proactive role worldwide. It has attempted to adopt a vocal role in addressing concerns of biodiversity, ozone depletion, narcotics, crime, corruption, and post-conflict reconstruction, particularly in the Balkans and est Bank.

Failures

The orld Bank has lent money to admittedly undemocratic, often brutal dictatorships, in the hopes that economic stability will lead to government reform. Yet "the public infrastructure projects funded by the IBRD have consistently been recognized as unmitigated disasters. Notably, Brazil's Polonoroeste road-building project set a significant portion of the Amazon rainforest on fire; the Sardar Sarovar dam project in India uprooted 240,000 Indians and was condemned by the orld Bank's own panel of investigators;...Internal reports suggest that one-third of orld Bank financed projects are failing" (eekes 2005)

There is a risk that the Bank may be duplicating the role of existing UN agencies and non-governmental organizations (NGOs) (eekes 2005). The UN…… [Read More]

Bank for International Settlements Bis

From its creation to 1988 it undertook banking functions and opined generally on the international banking system.

2. Starting in 1988 it began to assume the role of an unofficial international bank regulator. Although it had no official international status, its members -- central banks of the major banking countries -- were obligated by the nature of their membership to abide by its edicts and the rest of the world took them seriously.

3. Starting in the late 1990s, it began to consider itself the equivalent of an international bank regulator. Every subject of significance was within its jurisdiction and, although its legal powers were no greater, it assumed that it had a right to make rules for local banks to observe in the conduct of their businesses.

4. Sometime in the future there is a widespread anticipation that it will be given, through some treaty mechanism, the power to…… [Read More]

Banks Create Money M1 Is

If the Federal Reserve requirement is 10%, the money multiplier is 10, meaning that banks can lend out 90% of every dollar they receive as illustrated by the following example of multiple deposit creation (Larsson, 2005):

John deposits $10,000 into his checking account at ank a.

ank a Deposit: $10,000

Reserve (10%): $1,000

Lendable Amount: $9,000

Mary borrows $9,000 from ank a and buys a car. The car dealer then deposits $9,000 into their account at ank .

ank

Deposit: $9,000

Reserve (10%): $900

Lendable Amount: $8,100

Mark borrows $8,100 from ank . And has surgery. The doctor then deposits $8,100 into his account at ank C.

ank C

Deposit: $8,100

Reserve (10%): $810

Lendable Amount: $7,290

This process continues until the lendable amount is 0. When M1 is measured, the original $10,000 deposit will have created a total of $100,000 in deposits system wide (Larsson, 2005).

ibliography

eale, L.…… [Read More]

Bank for International Settlement

Bank for International Settlements

The inception of the Bank for International Settlements

The Bank for International Settlements was created in 1930 pursuant to the Young Plan, also known as the Dawes Plan under the Hague Agreement (Baker 2). At its inception, the Bank for International Settlements (BIS) was to assume the responsibilities of the Agent General for Reparations in Berlin which consisted of collecting, administrating and distributing the annuities that were payable as reparations (BIS History -- Overview 1). These original responsibilities were the source of the BIS' name (BIS History- Overview 1). According to the BIS eb site, "The BIS was also created to act as a trustee for the Dawes and Young Loans (international loans issued to finance reparations) and to promote central bank cooperation in general" (BIS History -- Overview 2). As these original responsibilities were satisfied, the purpose of the BIS has also changed as discussed…… [Read More]

Banks Find New Ways to Ease Pain

Banks Find New Ways to Ease Pain of Bad Loans describes the various ways banks holding large amounts of bad, or soon to be bad loans are, in effect, hiding these bad assets. For instance Astoria Financial Corp. extended the number of payments a customer had to miss before the loan would be listed as "nonperforming." By extending the number of missed payments from two to three, Astoria wiped close to $40 million off it's books. Well Fargo did a similar thing by extending the number of days a customer had to miss payments from 120 to 180 before writing these loans off. Bank Atlantic Bancorp tried something a bit different, they created an entirely new subsidiary and transferred $100 million of troubled loans to this new subsidiary. They managed to simply erase the bad loans from their books while avoiding federal regulators by creating a new subsidiary that was…… [Read More]

Banks Achieve High Performance Banking

Spatial tracking systems that make banks' floor plans and product positioning more effective;

5. Intelligent interactive displays that reflect the interests of the watcher;

6. Use of wireless tablet personal computers (PCs) for client interviewing; and,

7. Videoconference virtual experts for collaborative selling (56).

The same features that characterize high performance banks in their brick-and-mortar operations appear to relate to the use of technology as well, with the best performing banks having identified the optimum mix of services for the markets they serve. For instance, Grasing reports that, "Banks are taking a variety of approaches in implementing technology to make improvements in retail delivery. The methods differ, depending on the bank management's mindset toward the purpose of the software and its valued place in the new business or service delivery processes" (3). The main point in this area is that high performance banks apply technology in ways that help minimize…… [Read More]

Bank Is an Essential Organization

The World Bank asserts that this project will also improve the quality of life for the people of Uruguay by producing skilled jobs ("Uruguay: World Bank Approves...").

The article reports that another purpose of the project is to support the government as it relates to strengthening the capacity of the country to produce, transfer, and adapt knowledge and new technology ("Uruguay: World Bank Approves..."). As it relates to this aim the project is designed to encourage the strengthening of the institutional framework for technology, science, and innovation. In addition the project is designed to support investments in education; technology transfer and innovation within the private sector; and research alliances and transportation/flexibility for researchers between educational institutions and the productive sector ("Uruguay: World Bank Approves...").

In addition to the aforementioned activities, there are many other activities that the World Bank is currently involved in that are aimed at improving living standards…… [Read More]

Bank for International Settlements 2010

The increase in profits (at certain points) highlights the overall risks vs. rewards, as they can see substantial growth of 5% each year. Moreover, the performance of various strategies used in management of hedge funds experienced a greater feat, despite having less asset classes to choose from.

Over the years, the hedge fund industry has shown consistent growth and increase in its regulatory issues. This is because managers are using strategies that: increase the overall amounts of risk, while offering the possibility of greater financial rewards. As a result, the odds improve that investors could experience significant losses in these areas (which increases the overall amounts of regulatory scrutiny).

Hedge funds will experience more changes that will lessen its variance in comparison with mutual funds. Where, it will determine its investors and techniques of management without being greatly influenced by: institutionalization or regulation of the finance industry. In 2005, Ibbotson…… [Read More]

CIBC the Canadian Imperial Bank of Commerce

CIBC

The Canadian Imperial Bank of Commerce (CIBC) is one of the "Big Five" Canadian banks. It was founded in 1961 by the merger of the Canadian Bank of Commerce (founded 1867) and the Imperial Bank of Canada (founded 1875). Today, the CIBC is the fifth-largest of these by total revenue, earning $12.09 billion in FY2010 (PC, 2011). This report will evaluate the CIBC in terms of a number of different factors in order make a judgment about the merits of investing in the bank's stock. The analysis will comprise of an industry analysis, a company analysis, and a valuation analysis.

According to the company's 2011 Annual Report, the CIBC earned total revenue of $12.249 billion in FY2011. This was split between interest income (51.8%) and non-interest income (48.2%). From this, the bank earned a net income of $3.079 billion. The recession years of 2008 and 2009 saw a sharp…… [Read More]

Commonwealth Bank of Australia Retail Banking Service

Commonwealth Bank of Australia

etail Banking Service

Premium Business Services

Wealth Management

Marketing Strategies at CBA

Suggestions

Competitor Analysis

National Australia Bank

Australian and New Zealand Banking Group

Western Pacific Bank

Sustainable Competitive Advantage

Mobile Application

One Stop Solution

Commonwealth Bank of Australia

Commonwealth Bank of Australia:

Headquartered in Sydney, Australia, Commonwealth Bank of Australia or CBA is one of the four large banks of Australia. The bank was established in 1911 as a government bank, since then, it has seen tremendous growth. Today, Commonwealth Bank of Australia is a multinational bank with operations across United States of America (USA), United Kingdom (UK), Fiji, New Zeeland and Asia. The bank got privatized in 1996, with issuances of shares worth 1.2 Billion USD in 1991, 1.7 Billion USD in 1993, and 5 Billion USD in 1996. As of January, 2008, Commonwealth Bank of Australia was the second largest Australian listed company…… [Read More]