Bank of America CEO Wants to Hire More Relationship Managers

What is one of the competitive advantages mentioned for Bank of America over its competitors?

• Focus on long-term loans

• Limited global presence

• Expertise in underwriting deals

• Smaller client base

How does Bank of America approach talent acquisition?

• By outsourcing talent acquisition

• By reducing hiring to cut costs

• By focusing on graduates from top schools

• By hiring only experienced professionals

What is a major concern associated with leveraged loans?

• They can lead to excessive leverage in the system

• They are too easy to obtain

• They have no impact on the economy

• They are only available to large corporations

How does Bank of America manage risk in its lending practices?

• By focusing on unsecured loans

• By increasing exposure to high-risk loans

• By maintaining diversification and client selection

• By avoiding consumer lending

What is a key strategy for Bank of America's growth in the U.S.?

• Reducing the number of relationship managers

• Focusing solely on digital banking

• Expanding relationship management capacity

• Limiting operations to major cities

What is the primary focus of Bank of America's global business strategy?

• Reducing investment in corporate banking

• Increasing market share in all markets

• Focusing only on U.S. markets

• Limiting growth to existing clients

What is a significant opportunity for Bank of America outside the United States?

• Reducing investment in treasury services

• Expanding corporate and investment banking

• Focusing on retail banking only

• Limiting operations to existing markets