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News & Commentary
Content tagged with Management Strategies posted in March 2012
S&T Bancorp to Acquire Gateway Bank of Pennsylvania
News  |  3/30/2012
S&T will acquire all the outstanding shares of Gateway stock for approximately $22 million.
Bank M&A Activity Could Increase in 2012
News  |  3/29/2012
A new report from PricewaterhouseCoopers find that increased bank earnings could lead to more deals.
Bank of America CEO Made $8.1 Million in 2011
News  |  3/29/2012
Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
EBay Names David Marcus President of PayPal
News  |  3/29/2012
EBay Inc on Thursday named David Marcus president of its PayPal unit, filling the role left vacant when Scott Thompson left to become chief executive of Yahoo Inc. in January.
Banks Find Opportunity in U.S. Postal Service Woes
News  |  3/28/2012
The U.S. bank industry, struggling to make the profits it used to, is using the struggles of another industry for its marketing: The U.S. Postal Service.
Consumer Attitudes Positive Overall Towards Primary Financial Institutions
News  |  3/27/2012
A new study conducted by BAI Research found that customers are willing to be approached by their bank to learn about additional products and services.
BofA Chief Tech Executive Speaks Out on Gay Marriage Amendment
News  |  3/27/2012
A top Bank of America Corp executive has taken a stand against a proposed constitutional amendment that would ban same-sex marriages and civil unions in its home state, saying the proposal would be "disastrous" to North Carolina's business climate.
JPMorgan Chase Remains Top Bank by Asset Size
News  |  3/26/2012
A report by SNL Financial indicates that the top five spots remain the same.
Nervous Banks Hold Back Europe's Revival Strategy
News  |  3/26/2012
Among the piles of papers on one European diplomat's desk in Brussels is a memo with the words "growth" and "jobs" scrawled in blue ink, followed by a large question mark.
Obama Nominates Dartmouth President to Lead World Bank
News  |  3/23/2012
Jim Yong Kim may be the next to head the World Bank after its current president steps down in June.
270,000 More IT Jobs Headed Offshore
News  |  3/22/2012
Offshore outsourcing will continue at brisk pace for next four years, then ease up as automation replaces offshoring as a way for companies to save money, a new study says.
BofA Cuts Jobs in Capital Markets, Research
News  |  3/22/2012
Bank of America Corp has eliminated jobs in its equities, mortgage-backed securities and research divisions in recent weeks, two sources familiar with the situation said on Wednesday.
Clairmail Hires Former Apple UX Exec
News  |  3/21/2012
Mitch Stein is the new director of innovation and design at mobile banking and payment solutions provider Clairmail.
Bank of America Merrill Lynch Introduces Digital Trade and Supply Chain Portal
News  |  3/21/2012
The new digital platform aims to make trade and financial supply chain operations more efficient for large corporate and middle market companies.
Santander Brasil Poaches HSBC Brazil Chief
News  |  3/21/2012
Banco Santander Brasil, the nation's largest foreign bank, hired Conrado Engel, the former head of the Brazil unit of rival HSBC Holdings, to oversee retail banking amid government efforts to lower borrowing costs and encourage competition in the industry.
Citigroup Sells Stake in China Bank After Stress Test Failure
News  |  3/19/2012
Citigoup has sold its stake in Chinese lender Shanghai Pudong Development Bank, booking a profit of around $349 million as the U.S. lender looks to shore up its balance sheet after failing a U.S. Federal Reserve stress test.
Misys Agrees to Vista Takeover Deal
News  |  3/19/2012
The London-based financial services software vendor agreed to be acquired by a private equity firm.
Intelligent Growth: Branching Out and Rolling Up
Commentary  |  3/15/2012
A cost-efficient and scalable IT strategy is key as banks continue to expand their operations.
Yahoo Sues Facebook for Infringing 10 Patents
News  |  3/13/2012
Yahoo Inc. sued Facebook Inc over 10 patents that include methods and systems for advertising on the Web, opening the first major legal battle among big technology companies in social media.
SunTrust Names New CIO
News  |  3/12/2012
SunTrust names Anil Cheriyan, former IBM executive, CIO to succeed Tim Sullivan, who is retiring.
Top Banks Teaming Up on Tech Projects
News  |  3/12/2012
Squeezed by the twin pressures of satisfying both regulators and clients, the world's top banks are starting to work together on technology projects.
Temenos Pulls Out of Misys Merger Talks
News  |  3/12/2012
The company said it could not come to an agreement with Misys on a merger deal.
TD Bank Promotes Greg Braca to Head of Corporate and Specialty Banking
News  |  3/9/2012
The 25-year industry veteran is charged with driving the growth of TD Bank's corporate and specialty banking businesses.
Cadence Bancorp Acquires Encore
News  |  3/6/2012
The deal involves community banking entities in the Houston region.
Brady Leaves Bank of America to Become KeyCorp CIO
News  |  3/5/2012
Amy Brady is moving on from a 25-year career at Bank of America to become KeyCorp's new CIO.
More M&A Talk Swirls Around Misys
News  |  3/5/2012
Two private equity firms are considering a joint offer to acquire the U.K. financial software provider.

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