TenFourInc.com

Just another WordPress.com weblog

Posts Tagged ‘bank’

Money in the Bank series to show business owners & employees how savings add up

Posted by 104Inc.com on December 3, 2008

Disciplined expense management by every business is more important than ever as global economic challenges are expected to continue through 2009. Your company can continue its strong market position by concentrating on savings opportunities throughout the organization. To help with this effort, I will write a communication series called, Money in the Bank, that will spotlight policies and best practices aimed at reducing expenses.

The goal of the series is to keep savings top of mind, while providing real examples of how employers and empolyees can make small changes that have significant impact on the business financial performance. Many of the most important savings opportunities will come from increasing employee awareness of business costs and compliance with guidelines provided here.

“There are no small aggregate expenses, If we work individually to eliminate unnecessary spending, our combined efforts will help us maintain our financial strength as the economy recovers.”    

Many normal business expenses represent costs that can be controlled or influenced, giving each employee the ability to impact profitability of the company with simple changes in behavior. In addition, many cost saving initiatives also result in environmental benefits that help your business address climate change by reducing energy consumption, greenhouse gas emissions and other environmental impacts of our operations.

You are encouraged to submit your own expense management tips and ideas by writing comments below these articles. Stay connected with Money in the Bank

The first Money in the Bank article, featuring expense management tips for all, will launch on tomorrow. Look for other articles to be published here weekly.

All articles will be archived for easy access on http://www.articlesbase.com/authors/104inc.com/55579.htm

Advertisements

Posted in Advertising, Banking, Business, Diary Entry, economy, life, motivation, Online Business, Personal Finance, work | Tagged: , , , , , , , , , , , , , , , , | 2 Comments »

Looking For A Safe “Bank” For Your Money?

Posted by 104Inc.com on November 25, 2008

Overall Messages

  • Bank of America is one of the world’s largest and strongest financial institutions, by many indicators.
  • We believe it has a strong balance sheet and liquidity, a diverse earnings stream, leading positions in key businesses and a world-leading brand.
  • Even in these challenging and uncertain times, they have continued to meet the needs of their customers and clients while taking steps that should significantly enhance earnings capabilities when economic and financial markets conditions improve, and they will.
  • Because of the sheer scale and diversity of their businesses, the company is better able to withstand market shocks than many of their peers.
  • The advantages of comprehensive financial solutions, geographic and earnings diversity, liquidity and capital strength position them to compete in the marketplace.

Proof Points

  • Strong balance sheet and liquidity.
    • More U.S. deposits than any other bank, with total deposits of nearly $874B as of September 30, 2008.
    • Bank of America and Bank of America, N.A. have high long-term bond ratings from the major credit rating agencies. Bank of America, N.A. (long term): Moody’s, Aaa; Standard & Poor’s, AA. BAC (long term senior): Moody’s, Aa2; Standard & Poor’s, AA-.
    • Tier One Capital Ratio exceeding 9% (assuming acquisition of Merrill and after TARP money).
    • Third quarter results. Net income of $1.18B, even after absorbing losses associated with market turbulence and several one-time charges as well as continued high credit costs. With year-to-date net profits of $5.8B, Bank of America has been one of the most profitable banking companies in the world while operating in a very difficult environment.
  • Leading positions: Largest retail bank in the U.S., serving 1 in 2 households. Largest commercial bank in the U.S., serving 1 in 3 companies with revenues of $2.5MM to $2B. Relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500.
  • Most admired financial services brand in the world by the Financial Times.
  • Open for business and planning for the future.
    • Even in this challenging environment, we are taking advantage of key growth opportunities, using our continued strength and stability.
    • We continue lending to those who need and can afford credit.
      • Business lending remains strong and we have continued making loans to states and municipalities in a time of extraordinary uncertainty.
      • In just the three months since the merger with Countrywide was finalized, we have helped more than 250,000 Americans purchase a home or save money on the home they already own.
    • The Countrywide and Merrill Lynch acquisitions will expand our ability to deliver critical financial services to millions of Americans – including mortgages and financial planning –and help stabilize the financial markets.
    • Our home retention programs will help up to 630,000 borrowers keep their homes, by modifying more than $100B in current home loans.

To Find the nearest Bank of America branch in your area please visit http://104Banks.com

Posted in Banking, economy, family, job, life, Mortgage, Personal Finance | Tagged: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Broke into laughter: Jokes about the financial crisis (and share yours)

Posted by 104Inc.com on October 14, 2008

If you had purchased $1,000 of Nortel stock a year ago, it would now be worth $49. With Enron, you would have $16.50 left of the original $1,000. With WorldCom, you would have less than $5 left. if you had bought $1,000 of Delta Airlines stock you’d have $49 left. With United Airlines, you would have nothing left. But, if you had purchased $1,000 worth of beer one year ago, drank it and then turned in the cans for recycling, you would have $214. The best current investment advice is to drink heavily and recycle. it is called the 401-Keg Plan.

* How do you define optimism? A banker who irons five shirts on a Sunday.

 

* “It’s worse than a divorce. I’ve lost half my net worth and I still have a wife.”

* What’s the difference between an investment banker and a large pizza? The pizza can feed a family of four.

http://104Fun.com

Please comment…

Posted in Jokes | Tagged: , , , , , , , , , , , , , , , , , | Leave a Comment »