Can't Stand the Heat Of Banking? Try the Heartland
Even though I wasn't looking for any special geographic influence in a recent analysis of bank IT spending habits, it became clear that the good news I was collecting was mostly from banks in the Midwest. In fact, 47 percent of the surveyed audience did business in the Heartland of America.
McLeod keeps BankPlus punching above its weight.
Dave McLeod is quick among community banks to adopt technologies that help win and keep customers: from mobile banking and remote deposit capture, to major network upgrades, behind the scenes.
Dave McLeod, executive
Deutsche Bank's Mary Campbell Talks SEPA
Being charged with overseeing the SEPA transformation for one of the largest financial institutions in the world is no small task. Deutsche Bank's Mary Campbell discusses what was involved, along with providin
The Banking World Just Got a Bit More Crowded
As if banks didn't have enough to worry about with new competitors, now it turns out the once hallowed investment banks Goldman Sachs and Morgan Stanley are metamorphosing into depository institutions to keep out of the trouble that's plaguing the industry.
Sibos Themes: Openness, Hope ... and Anxiety
During a week when commentators seriously debated whether or not the United States financial services industry could survive, conversations I had at Sibos tended to be, if not optimistic, at least somewhat hopeful about some of the less-publicized trends in banking.
A Private Equity Analyst Must Have had Thanksgiving Dinner With a Meteorologist
Three years ago, Silver Lake Partners (a combination of six investment firms whose names are as familiar to Wall Street as Kellogg's is to cereals) bought SunGard. I knew nothing about the deal except that SunGard Availability Services and SunGard BancWare are "residents" of my report, "Automation in Banking." Sometimes I can predict acquisitions before the first spreadsheet is conceived, but not this time. So following is my own frivolous account of how this acquisition came about.
Brokers Banks Once Feared They Now Own
Ten years ago many bankers feared and envied Merrill Lynch as much as they did Charles Schwab & Co., as entities encroaching into the business of Main St. banks.
Since 1999, when Depression Era legislation that separated commercial and investment banking was repealed, ironically, some of the disintermediation commercial banks feared has gone the other way.
Merrill, the world's largest brokerage, whose company logo was a bull, is now owned by a commercial bank.
B of A is buying who? Not a total surprise, on reflection
Him: "Merrill Lynch has agreed to sell itself to Bank of America ..."
Me: "-Merrill?! You mean Lehman Brothers."
So ran the conversation in my home last night as my significant other read the breaking news headline from the New York Times.
It was a shock since word was that Bank of America was likely to buy Lehman over the weekend. But on reflection, it wasn't shocking that if any bank had the money to shop right now it was Bank of
Reflections on Reengineering
The sad news of the death earlier this month of Michael Hammer, the author, professor and analyst who made the concept of reengineering famous, caused me to reflect on how far organizations have come -- and how far they have to go -- in terms of standards of operating excellence. Today reengineering is a term and concept