Content tagged with Management Strategies posted in January 2013
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RIM to Rename Itself BlackBerry
Research In Motion Ltd
is changing its name to BlackBerry, the company
announced on Wednesday, in move to refresh its tarnished image
as it begins marketing a reengineered line of BlackBerry 10
smartphones.
BofA's Moynihan Calls for Renewed Focus on Customers
Bank of America Corp must focus
on improving customer service as it moves past its crisis-era
problems, CEO Brian Moynihan said in a letter sent to employees,
signaling one of his strategies for boosting revenue at the
bank.
Square COO Quit After Sex Harassment Accusation
After mysteriously quitting the prominent payments company it was discovered that Square's COO, Keith Rabois, is facing accusations of sexual harassment.
Wall Street Executives Fret About Talent Drain
New regulations combined with years of scandals and bad press has driven executive talent away from Wall Street and into Silicon Valley.
Global Bank IT Spending to Reach $179.2 Bln in 2013: Celent
The research firm said in a new study that it expects IT spending by banks to grow this year led by banks in North America and the Asia-Pacific.
Longtime Diebold CEO Swidarski Out After 17 Years
The company, a major manufacturer of ATMs, said the move was "in our stakeholders' best interests to make a change in leadership at this time."
BBVA Invests $100 Million in Financial Services Start-Ups in Silicon Valley
Following on the heels of similar investments in innovative start-ups, the bank said that it is making concerted effort to anticipate and tackle disruptive changes in financial services.
Capgemini Financial Services Names Thierry Delaporte As New CEO
Delaporte, who has worked with the company for more than 17 years, will take over the leading role for the outsourcing and consulting firm from Aiman Ezzat.
4 Areas of Focus for Competitive Advantage in Banking in 2013
2013 may end up as "the year of regulatory implementation in banking," but compliance is not the only challenge facing banks that want to outpace the competition.
American Express to Cut 5,400 Jobs
Credit card company American Express Co
said it would cut about 5,400 jobs, or 8.5 percent of
its workforce, as it restructures its business and pay legal
bills.
Morgan Stanley Job Cuts May Signal More Pain Ahead
Morgan Stanley plans to slash 1,600
jobs in what may be just the beginning of a new round of layoffs
at large investment banks, this time driven by a deeper
reassessment of Wall Street businesses in the face of new
regulations and capital standards.
Morgan Stanley to Cut 1,600 Jobs in Investment Bank: Source
Morgan Stanley plans to cut 1,600
jobs in its investment banking unit, roughly 6 percent of staff
in that unit, with employees being informed about job losses
beginning this week, a person familiar with the matter said on
Wednesday.
FundTech Introduces New President and COO
Edward Ho, formerly of Misys, was named as the new president and COO of Fundtech after the departure last week of two of the company's top executives.
Citigroup CEO Names New Executive Team
The newly appointed chief executive of Citigroup Inc named two veterans of the bank to lead its institutional and consumer businesses as he announced his new management team on Monday.
U.S. Consumers Paying Down Debt Despite Obstacles, ABA Says
Consumers continued the trend of paying down household debt last year, but the American Bankers Association warns that trend might falter next year with the expiration of the payroll tax cut and continued economic uncertainty.
Worldwide IT Spending to Rise 4.2 Percent in 2013 : Gartner
Worldwide IT spending was expected
to rise 4.2 percent in 2013 to $3.7 trillion, a pick-up from 1.2
percent growth forecast for last year as the gloom hanging over
businesses and consumers starts to lift, industry research firm
Gartner said.
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