Word: expander
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...Some analysts have speculated that the deal conveniently earns BofA the political goodwill it will need if it ever wants to expand its consumer-banking business. (The bank already holds close to the federal limit of 10% of the nation's deposits.) Lewis says his motivation is much more straightforward: to complete his vision of a truly national bank serving every financial need that any American might have, by adding the one missing piece - mortgages...
...McColl and his two predecessors laid the groundwork, challenging interstate banking regulations to expand into a regional powerhouse in the Southeast and then on the West Coast, where it captured BofA in 1998 and hauled the name back to Charlotte. Since Lewis became CEO in 2001, the bank's reach has exploded in every direction. BofA is now No. 1 in deposits (with the $47 billion purchase of FleetBoston Bank), No. 1 in credit cards ($35 billion for MBNA) and No. 1 in wealth management ($3.3 billion for U.S. Trust), and with the Countrywide deal, it will soon...
...other countries living and working in London is a priceless form of "soft diplomacy," advertising Britain as the place to be for the world's best and brightest. "For other people in those countries thinking of where they should invest when they go to open a new business or expand an existing one, the fact that there is a group from their own country happily living without worry in London makes it that much more attractive," he says...
...should not ask who will outdo whom.' WEN JIABAO, Chinese Premier, on China and India's joint pledge to increase military ties and expand trade to $60 billion...
...China and a menu there that includes healthier alternatives like roasted chicken. In fact, the roasted menu items are such a hit in China that Yum executives are testing them out in the U.S. It's an interesting twist: Yum is looking to the soaring international business to expand its appeal at home. What about bringing its Chinese-food chain to the U.S.? "Now that," says Novak, "would be a Class A opportunity." To put it another way, that's thinking outside the sticky...