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News & Commentary
Content tagged with Management Strategies posted in October 2012
Bank of America Offers Assistance Program After Hurricane Sandy
News  |  10/31/2012
The bank notified customers that it is launching an assistance program to help those in need of financial assistance in the wake of the storm.
Social Media Helps Banks Communicate with Customers Affected by Hurricane
News  |  10/30/2012
A number of banks are posting service updates, contacting customers and even providing safety tips to followers through their social media channels during Sandy's aftermath.
TD Bank's Assistance Program to Help Customers Pay for Costs of Hurricane Sandy
News  |  10/30/2012
The bank is offering quick credit lines, instant issue of debit cards and waived fees to help customers in the aftermath of the storm.
Banks Prepare For Sandy Onslaught
News  |  10/29/2012
Most branches in the Northeast and Mid-Atlantic U.S. are closed; disaster recovery plans in progress.
Sandy Shuts Down Wall Street
News  |  10/29/2012
Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthened on Monday after hundreds of thousands moved to higher ground, public transport shut down and the U.S. stock market suffered its first weather-related closure in 27 years.

Ally Looks to Sell Most of its Mortgage Business
News  |  10/26/2012
Ally Financial Inc's banking subsidiary said on Friday that it was looking to sell most of its remaining mortgage business, the company's latest step toward exiting the home loan business to focus on its U.S. auto lending and banking operations.

Is the Role of the CIO Truly Changing?
Commentary  |  10/25/2012
Some say we are embarking on an era that will see a fundamental shift in the responsibilities of the CIO.
Visa Names Former JPMorgan Chase Retail Head as New CEO
News  |  10/24/2012
Charles W. Scharf, formerly CEO of Retail Financial Services for JPMorgan Chase, will succeed Joseph W. Saunders as Visa’s Chief Executive Officer.
First Virginia Community Bank Completes Acquisition of First Commonwealth Bank of Virginia
News  |  10/22/2012
The acquisition is the first in the history of the 5-old-bank and will add $410 million in assets to the institution.
Ex-Chase Exec Tapped for New Huntington Bank CTO Position
News  |  10/22/2012
Huntington Bank announced the hiring today of Paul Heller, formerly of JPMorgan Chase, as the bank's new chief technology and operations officer.
Seen & Heard at BS&T’s 2012 Executive Summit
Slideshows  |  10/19/2012
Hot topics at Bank Systems & Technology’s recent Executive Summit in Phoenix included how to overcome barriers to customer engagement, moving from big data to the concept of “intelligent data,” identifying the next generation of online banking and how to dominate in a “post-channel” world. Along with the discussion was high-level networking and BS&T’s annual Elite 8 Awards Ceremony. Participants in this year’s event included CIOs and other senior execut
Goldman Gives its Version of Angry Employee's Departure
News  |  10/19/2012
Just days before publication of a book promising to expose a rampant culture of greed a t Goldman Sachs Group Inc, the Wall Street company is writing its own story about the book's author.

Oracle and Deloitte Offer New Solution for Accounting and Financial Analytics
News  |  10/18/2012
Financial Services SolutionPrint, a joint solution from Oracle and Deloitte, helps with finance accounting that can improve shareholder value for banks.
Citi Rushes to Replace Corbat in EMEA Top Job
News  |  10/17/2012
Citigroup's new boss Mike Corbat is rushing to plug the gap he left at the helm of the U.S. bank's European business, a major hub for investment banking income but which still lags other regions by revenue.

What's Behind Pandit's Resignation from Citigroup?
News  |  10/16/2012
Conflicts with Citigroup's board may have spurred the unexpected resignations of CEO Vikram Pandit and president/COO John P. Havens; Michael Corbat promoted from Citigroup's CEO of EMEA to CEO and director of Board.
Wells Fargo Tops U.S. Banks in Deposits
News  |  10/15/2012
Bank of America and JPMorgan Chase are second and third, respectively.
Going to Extremes: Customers Run the Gamut in Their Loyalty to Banks
Commentary  |  10/12/2012
Banks ranked in Temkin Group's Net Promoter Score Benchmark Study fall at both ends of the spectrum -- high and low -- in terms of consumers' likelihood to recommend a company.
Japan's Softbank in Talks for $12.8 Billion Sprint Stake
News  |  10/11/2012
Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen ($12.8 billion), said a source with direct knowledge of the matter, as it seeks to expand overseas.

Community Banks Have Unique Challenges, Opportunities
News  |  10/10/2012
A panel discussion at BAI Retail Delivery 2012 focused on successful strategies for community banks.
Intel's McAfee Security Plans Layoffs
News  |  10/8/2012
Intel Corp's McAfee security division is planning to lay off a "small percentage" of its workforce of about 7,100 employees, a company spokesman said on Monday.

2012 ELITE 8: Recharging the Batteries
News  |  10/3/2012
In today's highly charged banking environment, the pressure on technology executives can be extreme. Here's how some of this year's Elite 8 leaders balance their work and personal lives.
BS&T 2013 Outlook Survey Highlights Spending Trends and Challenges Ahead for Banks
News  |  10/2/2012
BS&T's 2013 Banking IT Outlook Survey showed that many banks are expecting modest increases in IT spending next year, with core systems and new products being the biggest priorities.
The 'Cool' Factor: How Banks Can Attract Top Candidates to the IT Workforce
News  |  10/2/2012
Bank CIOs are going to have to work harder to recruit the best IT talent as the importance of technology in banking continues to increase. We ask some of this year's Elite 8 how bank tech leaders can attract the IT workforce of the future.

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