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News & Commentary
Content tagged with Management Strategies posted in April 2012
Managing Growth at Park Sterling Bank
News  |  4/29/2012
The Charlotte-based bank used Citrix and Safe Systems as it sought to update its server systems after a big merger.
Barclays, Credit Suisse Face Investor Backlash on Pay
News  |  4/27/2012
More than a quarter of Barclays shareholders look set to vote against the British bank's controversial pay plan for bosses on Friday and Credit Suisse is also bracing for a backlash as investors seek a greater share of profits.
Wells Fargo Buying Prime Brokerage Firm Merlin
News  |  4/27/2012
Wells Fargo on Friday said it is buying a prime brokerage services and technology provider in a deal that will allow it to cross-sell more services to hedge fund customers.
BNY Mellon Names New CIO
News  |  4/27/2012
BNY Mellon names Suresh Kumar CIO, to replace retiring John Fiore.
HSBC to Cut More Than 2,200 U.K. Jobs; Targets Managers
News  |  4/26/2012
HSBC is cutting more than 2,200 jobs in Britain, targeting senior and middle management roles as part of its drive to slash costs and boost profitability in the face of a changing banking landscape.
Citi's Pay Rejection a Wake-Up Call to U.S. Boards
News  |  4/19/2012
Institutional investors are increasingly pressing boards to rein in outsized executive pay, and after Citigroup shareholders rejected a compensation plan on Tuesday, more directors may start listening.
Banks May Not Be Able to Resist 'Bring Your Own Device'
News  |  4/19/2012
User-friendly consumer devices such as Apple's iPad increasingly are infiltrating the enterprise and transforming workforce expectations. Despite security concerns, employee demands and the productivity gains powered by bring-your-own-device initiatives are forcing banks to embrace BYOD.
Citigroup Loses Advisory Vote on Exec Compensation
News  |  4/18/2012
Citigroup Inc shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit.
Consumers Most Likely to Forgive USAA and Credit Unions After Bad Experience
News  |  4/17/2012
A survey conducted by Temkin Group also found that consumers would have a short leash with Bank of America, HSBC and Citi.
Mitek Files Patent Infringement Lawsuit Against USAA
News  |  4/16/2012
The two parties are in a dispute over mobile RDC technology.
BofA CIO Gordon Resigns
News  |  4/13/2012
Marc Gordon, who has been with the company since 2004 cited a "personal change of direction" for the move.
Wells Fargo Upgrades AIG on Likely Bailout Exit
News  |  4/10/2012
American International Group Inc will likely become independent from the U.S. government over the next year, Wells Fargo Securities said, upgrading the shares of the bailed-out insurer to "outperform."
IT Spending to Grow Through 2013
News  |  4/9/2012
Forrester data predicts the upturn will be led by increased demand for software.
CEO Dimon's Pay at JPMorgan Rises to $23.1 Million
News  |  4/5/2012
JPMorgan Chase CEO Jamie Dimon received $ 23.1 million in compensation in 2011, an 1 1 percent increase fr om the previous year, the company said in a public filing on Wednesday.
Oracle Suit Against Google at Settlement Impasse
News  |  4/3/2012
Oracle Corp and Google Inc have reached an "irreconcilable impasse" in settlement negotiations in a high-profile intellectual property lawsuit and the companies' lawyers should prepare for trial, a U.S. magistrate judge ruled on Monday.
Ambac Sues JPMorgan Over Mortgage Losses
News  |  4/2/2012
Ambac Financial Group Inc, the bond insurer that last month won court approval to emerge from bankruptcy, has sued JPMorgan Chase to recover losses on mortgage securities that it insured and were made by the former Bear Stearns.
Wells Fargo Opens Business for the Ultra-Wealthy
News  |  4/2/2012
Wells Fargo opened its new Abbot Downing business on Monday, merging two of its wealth management units under a new brand it hopes will expand its market share of America's richest families.

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