Fifth Third Bank Is A Regional Banking Corporation

The Bank of the United States was designed to make money and build an economy. It was designed by men like Alexander Hamilton and Robert Morris, but did not benefit the common citizen as much as wealthy investors. Why did a fledgling government need to borrow millions from overseas in order to invest in a “national” bank, to turn around and then borrow the same money back and pay interest on it? The banking system developed by Alexander Hamilton and Robert Morris was prime pickings for speculators, and laid the groundwork for a history of unscrupulous activity regarding our nation’s money supply that continues to this day. The signatures on the Constitution were barely dry before corruption and

PNC Bank concentrates on these areas to reach their goals. They understand that focusing on their customers will help to “deliver an exceptional experience and provide insight to help them achieve their financial goals.” They achieve their goals by working together and creating diversity. PNC Bank employees are to follow the seven values mentioned above. This way, all branches can be successful and can provide their customer with the best services possible.

However, it would be a mistake in the current banking industry to partake in expressive leadership, which takes into account as a high priority the employee’s emotional wellbeing (Prodanciuc, 2012). This kind of leadership is not nearly as crucial in current circumstances so far underlined. In order to solve compliance issues what is needed is an instrumental leadership style which engages in strict task delegation. This is why I would be an instrumental leader (Prodanciuc, 2012). Not only would job clarity be of utmost importance, but goals would be reached in a timely manner.

As a new employee for Smith and Facmouth, a teleshopping and mail order company, my job is to help eliminate the cliques and implement a restructuring strategy that can improve the employee’s culture and empower them. The company’s main figureheads are the Logistics Manager, Project Manager, and Marketing Manager. These three individuals have different initial emotions towards me and both influence and are influenced by the web development team and the logistics team. My challenge is to choose the appropriate figure head as an ally to help gain the respect of the team and help push down my new strategy to promote synergy and growth

In order for the corporate lending unit to meet the goal of cutting 15 percent of the operating cost, a redesign team comprised of volunteers from the different departments of the unit. The purpose of this redesign team was to develop a design for the account management team that will streamline the departments function when it comes to serving its customers. This design will allow more resources to be readily available to customers through the Internet. Also, this team will be addressing reorganizing and designing new roles for the AMs to work more efficiently when it comes to addressing the needs of the customers. The development of this team is considered more of transformational leadership, where the GM pushed the senior management team to encourage their employees to volunteer and have a say in the mission to meet the goals of the unit.

The largest six publically traded banks in the United States who are FDIC insured account for seventy-eight percent of the market, while the top four account for sixty-eight percent of the market. These top six banks include: Wells Fargo and Company, JPMorgan Chase and Company, Bank of American, Citigroup, US Bancorp, and PNC Financial Services. Wells Fargo, the market share leader, holds over twenty-percent of the market with JPMorgan Chase falling just under twenty percent (Oja, 2015). The top four banks as listed above, accounted for almost half of the revenue, at nearly two hundred and eighteen billion dollars. The top eight banks, of the eighty-one, managed an astonishing seventy-five percent of the total revenue for all banks (Oja, 2015). These other two banks were Branch Banking and Trust Corporation (BB&T) and SunTrust Banks and the total revenue in 2014 were at four hundred and forty-three billion dollars. Specifically, as of 2014, JPMorgan Chase

Upon looking deeper into Wells Fargo’s Vision and Values I found bits and pieces of their mission statement scattered through the pages. On the “Our Values” page I found that one of the five primary values of Wells Fargo is “People as a competitive advantage”. From that page Wells Fargo explains what that

TD bank believes in professionalism they are clear that everything they do reflects their fame and brand. Bankers spend their time and energy to strengthen their community. They reach to the full potential through cooperation. They treat their customers with courtesy and honor. They respect diverse background, innovative thoughts apart from supporting one another in reaching their goals; they are also interested in celebrating performance and success.

The aura of statistic (2013) show that the average Median employee income is $48, 871.

Leaders believe people have an intrinsic value beyond tangible contributions as workers. As a result, genuine interest in the spiritual, professional and personal growth of all employees is demonstrated.

Harley could survive and prosper only if every employee took responsibility for leading the company. Harley-Davidson thought that too often, corporations attempt to take solutions to their employees, rather than work with employees to solve a problem. Harley-Davidson is an action-oriented, international company; “A leader in its commitment to continuously improve the quality of profitable relationships with all of its stakeholders, Harley-Davidson believes the key to its success is to balance stakeholder interest through the empowerment of its employees to focus on value-added activities.”(_ More__ Than a Motorcycle: The Leadership Journey at Harley-Davidson)_.

CIBC has focused its core business on retail and business banking, wealth management, and whole sale banking. They have shown a proven track record of providing there customers with financial services and advice through a group upwards of 1100 branches worldwide. Strategies CIBC has portrayed is to continually find new ways to enhance the experience of the client and to stimulate safe revenue growth. CIBC has put emphases on creating deep meaningful relationships with all clients, constantly trying new ways to improve service and sales prospects and to create relationships with new clients while retaining existing clients for a long period of time (CIBC).

“You have one job,” rings in my ears as I leave the hiring office of LOCOLA Credit Union Bank after accepting their job offer of District Manager over ten branches. In the coming days, I work on this paper to identify, analyze, and explore the leadership and communication issues within the district and among the supervisors and employees. Within this analysis, I will also devise strategies to overcome these problems; and create an environment that seeks to develop leaders, support diversity, and encourage open communication based on effective team relations.

Being a servant leader empowers others to become better people. Without such leadership, Kelleher’s employees would feel as if they do not matter, but in reality they are the most important assets to the airline company.

2). The leadership team is supportive; they take time to help employees achieve their goals.