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News & Commentary
Content tagged with Management Strategies posted in February 2013
JPMorgan To Cut Up To 17,000 Jobs By End of 2014
News  |  2/27/2013
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
News  |  2/26/2013
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
News  |  2/25/2013
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
Slideshows  |  2/22/2013
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
News  |  2/22/2013
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
News  |  2/20/2013
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
News  |  2/19/2013
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
News  |  2/15/2013
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
News  |  2/12/2013
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
News  |  2/4/2013
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
News  |  2/4/2013
Research firm Ovum predicts that investment in mobile will drive the spending increase.
M&T Brings On Donald Truslow As New Chief Risk Officer
News  |  2/1/2013
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
Commentary  |  2/1/2013
Two more significant acquisitions were announced this week in the financial services technology space.

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