An increase in economic growth itself will cause Bank of America, along with other international banks, to grow. An increase in both local and international entrepreneurship will also benefit the company because entrepreneurs will need a lump sum of money to be able to start a business and getting loans is one of the ways they can obtain that money.
Bank of America has been known to merge with other known banks and companies. The majority of mergers and acquisitions are done to improve both the profit and productivity of a certain company; like any industry, one of the main objectives of a company is to reduce expenses, and for the most part, merging is an efficient way to cut costs. “Banks, in part as a response to the weakened performance,