SU_BUS3059_W3_A2_Butler_J - Banks and there ROE Current ROE...

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Banks and there ROE Current ROE Past ROE 1. Bank of America -1.43% 1.33% 2. USAA 3.24% 2.23% 3. 2.49% 1.86% 4. Wells Fargo 35.76% 38.16% 5. Bank of York 4.5% 2.2% 6. TD Bank 7.42% 9.16% 7. Regions Bank 20.1% 16.49% 8. Sun Trust Bank 24.43% 17.81% 9. Carolina First Bank 27.46% 23.44% 10. Community First Bank 48.49% 32.6% 11. Palmetto Heritage Bank 46.68% 40.1% 12. Harbor National Bank 22.59% 12.86% 13. South Atlantic 5.18% 1.5% 14. First Federal 35.59% 26.9% 15. First Citizens 25.95% 13.13% 16. RBC Bank 33.26% 29.2% 17. Tidelands Bank 122.3% 66.97% 18. First Palmetto Savings 59.06% 35.8% 19. Sandhills 29.13% 14.9% 20. Capital Bank 60.44% 41.8%
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Was the average bank’s ROE lower following the enactment of the Sarbanes-Oxley Act than before the act? If so, why do you think that was the case? The average bank’s ROE was not lower following the enactment of the Sarbanes-Oxley Act in 2002.I think that it was higher because the Act forces the banks to tell the truth. In addition the banks that I have chosen are local small banks on average. I do not feel that these
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This note was uploaded on 01/28/2012 for the course BUSINESS 3059 taught by Professor List during the Spring '11 term at South University Online.

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SU_BUS3059_W3_A2_Butler_J - Banks and there ROE Current ROE...

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