Content tagged with Management Strategies posted in February 2013
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JPMorgan To Cut Up To 17,000 Jobs By End of 2014
The cuts will mostly come from the mortgage and retail banking divisions as the bank looks to expand in other areas such as investment banking and credit cards.
JPMorgan Chase to Cut Up to 4,000 Jobs in 2013
JPMorgan Chase & Co
plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013,
representing about 1.5 percent of the company's overall
workforce, it said in a presentation to investors on Tuesday.
RBS Plans IPO For U.S. Arm Citizens In Next Two Years
British regulators have been pushing Royal Bank of Scotland to sell off its U.S. operation Citizens Bank and an IPO is expected in the next couple of years to sell off shares of Citizens.
What Banks Need To Know About Vendor M&As
Consolidation among players in the bank technology vendor space is heating up again. What factors are driving this trend, and how will it affect their bank customers?
Citigroup Bows to Shareholder Pressure, Overhauls Pay
Citigroup Inc said on
Thursday it has overhauled an executive pay plan that
shareholders rejected last year as overly generous, revising it
to tie bonus payments more closely to stock performance and
profitability.
Bank of America's Moynihan Gets 73 Percent Pay Increase in 2012
Bank of America Corp's CEO Brian
Moynihan was awarded a 73 percent pay increase in 2012, when the
institution resolved crisis-era lawsuits and its stock was one
of the sector's top performers.
Citi to Buy Capital One Best Buy Card Portfolio
Citi will pay $7 billion to acquire Capital One's Best Buy private label and co-branded credit card accounts.
Japan's Orix to Buy Rabobank Asset Management Arm for About $2.6 Billion
Japanese financial services firm
Orix Corp will buy Dutch asset manager Robeco from its
owner Rabobank for about 240 billion yen ($2.6
billion) in a cash and stock deal, sources familiar with the
matter said on Friday.
Bank Boardrooms Go Paperless
Bank of New Hampshire has seen considerable time and cost savings from using digital books for its board meetings provided by Diligent Boardbooks.
Oracle to Buy Network Gear Maker Acme Packet for About $2 Billion
Oracle Corp agreed to buy Acme Packet Inc, which makes network equipment to speed up voice, video and data delivery across networks, for about $2 billion.
Global Bank IT Spend to Reach $118.6 Billion in 2013: Report
Research firm Ovum predicts that investment in mobile will drive the spending increase.
M&T Brings On Donald Truslow As New Chief Risk Officer
Truslow, who previously worked at The Financial Services Roundtable and Wachovia Corporation, will also serve as executive vice president and a member of the bank's management committee.
Fintech M&A Keeps On Coming
Two more significant acquisitions were announced this week in the financial services technology space.
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