Business Environment and the Analysis of the Financial Health of Bank Essay - 1

Business Environment and the Analysis of the Financial Health of Bank of America Corporation - Essay Example The study discusses the impact of globalization on the business strategies of Bank of America Corporation (BAC). The Bank of America Corporation is a Delaware Corporation in addition to being a ‘bank holding company’ as well as a financial holding company. It is headquartered in Charlotte in North California. BAC provides a varying array of banking as well as nonbanking financial products and services all over the United States in addition to certain overseas markets, through their banking and nonbanking subsidiaries. BAC functions in six business divisions, namely, Deposits, Global Commercial Banking, Global Card Services, Global Banking & Markets, Home Loans & Insurance, and Global Wealth & Investment Management. As of December 2010, BAC operates in all the states of the United States of America and 40 other countries across the world. BAC caters around 80% of the population of the United States through their retail banking segment. The business environment and the mar kets in which the BAC carries out its business are dynamically influenced by the developments in the economies of the US and other countries. In the year 2010, the worldwide economy continued to recuperate, though the growth was not even across the various regions. The US, the UK, and Europe showed modest growth, while the countries like China, Brazil, and India demonstrated rapid expansion. The US economy started to improve at the beginning of 2010 as a result of reasonable development in consumption level as well as inventory rebuilding in the nation. However, the growth slowed down in the mid of 2010 as a result of the escalation of the financial calamity in Europe. Nevertheless, notwithstanding the modest economic augmentation in 2010, BAC generated free cash flows worth $1.5 trillion from their nonfinancial businesses as a result of their vigilant financial practices in the business. Furthermore, the credit quality of bank loans improved considerably in the year 2010 and the co ntinuous economic revival enhanced the atmosphere for bank lending. Since the latter part of 2010, bank commercial as well as industrial loans amplified, illustrating augmented loan demand as a result of stronger production and capital spending in addition to inventory building.

Tourism destinations Essay Example | Topics and Well Written Essays - 3000 words

Tourism destinations - Essay Example Introduction Tourism activities all over the world take place at particular destinations. Destinations are very important parts of tourism since they determine whether the country is exciting to tourists or not. Most tourists get attracted to various destinations in the world through destination marketing organizations. In Australia, the marketing of various tourist destinations is done by an organization known as tourism Australia. A destination may refer to any location in any country. However, tourists may define destinations to mean those naturally attractive sites that are pleasing to explore. Destination can be a specific geographical area or a combination of several locations. Further, in the perspective of a tourist, destination can be defined as any area that has appealing attributed and services that would enable them choose the place for their leisure purposes. To succeed in destination marketing, organization such as tourism Australia should undertake a thorough analysis of the market. They should also determine other competitive destinations that can pose challenges to the Australian tourism sector. The analysis of the market should include the assessment of factors such as hotel accommodations, nature, historic sites and other attractions in the tourist destination. Other aspects that must be considered by the destination marketing organizations include security and the cleanliness of the place (Svarcas, Cass & Australian National Audit Office 5). Ningaloo Reef and Shark Bay, Western Australia Ningaloo reef is an exciting place to visit in Australia. It is also one of the best tourist attraction sites where tourists can watch as swim with the world’s largest fish known as shark. The sharks congregate in this place shortly after the collection of coral spawning; this takes place in every third month of the year. Ningaloo reef is located in the North West region of Australia and is approximately 1200km from Perth. In addition, the reef is abo ut 260 km in length and is the only reef in Australia that is located close to a landmass. The reef is also famous for its ability to allow for the feeding and the mating of sharks. This reefs provides a favorable breeding ground to ensure that the number of sharks do not reduce to extinction levels. There are several species of fish as coral that constitute the Ningaloo reef which attract several tourists to the site every year (Ningaloo par 1). Shark Bay Shark bay has one of the best coastal scenery and islands that provide exciting leisure adventures to tourists. Shark bay is located in the western part off Australia and has an area of about 4,800 km2. Other exciting species of animals that live in Shark bay include the Dugong and the Stromatolites. Stromatolites are members of the algae family that is said to be some of the ancient forms of life the world. The shark bay Tourist attraction is an important site in providing habitat for several endangered species of animals. Some o f the endangered species of animals in Australia are actually found in this tourist site. The endangered species of animals include the Boodie, Rufous, Hare-Wallaby, Banded Hare Wallaby, the shark bay mouse and the Western barred. These species of animals