An Analysis of the Banking Sector in Bank of America must operate at reliable and also successful levels in order to improve the banking activities in the country. This industry has long been the most regulated industry in the United States, due to the unique role it plays in granting credit and operating payment systems. Bank of America serves more than 28 million small businesses and consumers in the nation's fastest-growing and diverse communities. The bank also offers online banking services to its customers as well as 24-hour telephone banking services. Bank of America has grown to become the nation's leading provider of credit and debit cards, leading small business lender, and largest provider of checking and savings services. Laws that affect the operation of this bank include: lending activities in which the bank is limited to granting credit to a single person in an amount not exceeding 15% of the bank's capital. The Volcker Rule is also observed at this bank as it is prohibited from engaging in proprietary trading activities and from investing in, sponsoring or maintaining certain relationships with hedge funds and private equity funds, subject to certain exceptions and therefore obliges banking entities to operate. no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayBank of America is an example of a well-established bank coupled with effective management and logistical planning and, therefore, it will become a model for other banks. sector to copy to. The recruitment process concerns sensitive sections of the banking sector. Economic crisis, market boom, natural disasters and other unforeseen events should not tip the hiring and firing process. Organizations must have well-established plans to weather any storm, literal or metaphorical. The long-term vision must include anticipating the need for new recruits, position specificity, strong candidate pools, logical evaluation of candidates, securing top talent, onboarding new recruits and reviewing process to verify its efficiency and effectiveness. Although Bank of America responded to the recent recession by cutting jobs and closing locations, its subsequent efforts have focused on long-term goals and recruiting strategy. They created their own training grounds to train their employees. Any business activity requires some training in order to develop new skills, improve efficiency and educate staff on new policies, tools and procedures. Problems frequently trigger training, but training efforts should always trigger business results. When a significant error or need for improvement arises, not all companies are ready to make improvements. As the largest bank in the U.S. banking industry, U.S. Bank has more resources to take staff out of their day-to-day jobs and put them into training sessions. In any workforce, flexible environments can reap great rewards. As an example of a luxurious training session, Bank of America was able to train its employees in a flexible, feel-free environment. Employers expect employees to work hard, be pleasant, and show results. The investment of time and.