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Bank Of America Business Practices

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Bank of America is one of the world’s most dominant financial institutions. The ethics and outlines are there business practices and policies furthermore, as professional and also manage that the workforce is expected to embrace and endorse. According to Bank of America (2016), “Our responsible business practices have a direct, positive impact on two areas critical to our growth:-Our strength and stability as a global financial institution and Our capacity to meet the financial needs of our customers and clients in all phases of their lives”. The central idea has been to support and improve the foundation, facilitate and consolidate the company, and acting towards legacy issues which sometimes appear because of financial decline. Also, managing …show more content…
Diversity and Talents play a key role in the workforce. Bank of America invests into the workforce to promote growth through development and educational programs that assists in their career expansion and strength. By supporting and making their employees feel welcome, for instance they assist in making them more proficient at their job and establishing a career in which they offer. This company is committed into always support and guide their employees to establish good work ethics and would also help with the growth of the business.
Bank of America has been giving economic assistance to help nonprofit organizations. Their employees carry out voluntary and charitable work to assist local programs where the guidance and benefits are needed.They help local communities and assist in challenges. This company promotes powerful economies. According to Bank of America (2016) “We fuel economic growth and neighborhood revitalization by extending credit to individuals, local businesses and community organizations, while ensuring a fair return for our shareholders. Through charitable giving, we further our impact on economic development by helping to address important issues, including housing, hunger and

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