Assignment

1.) We are witnessing continuing consolidation among banks in the US. Now we are also seeing a number of banks closing branches as was just announced by Regions Bank (closing 60 branches) Why are banks closing branches and do you expect this to continue and why?

See notes below for reference.

- What factors are causing so many banks to close?
- Banks can operate without having so many branches spread throughout the US.
- Banks can pickup new customers without having a vast presence.
- Online banking has a huge impact.

2.) Why are both Social Security and Medicare running out of funds? Suggest some possible solutions that would preserve both Social Security and Medicare.

3.) Demographics. Explain why businesses must always consider the demographics before expanding either globally or domestically. How might demographics drive what products or services you offer?

See notes below for reference.

- Education and Income level.
- Face of American worker is changing. Different ethnic groups are rising. There is a shift in the workforce.
- Women owned businesses continue to grow.
- Aging populations creates market opportunity.
- Pro-Health Anti-Aging.
- Medical technology / Financial Services.