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Bank Technology News December 2003 John Adams |
BofA's Fleet Of Headaches Bank of America bit off a mouthful when it bought FleetBoston, and the digestion promises to be long, fraught with all the trials and tribulations emerge in the wake of such consumption.  |
Bank Systems & Technology November 30, 2003 Steven Marlin |
Careful What You Wish For: Technology Is Key to BofA/Fleet Deal Bank of America and FleetBoston must decide how best to assimilate their systems.  |
| Knowledge@Wharton |
Bank of America and FleetBoston: Dud Deal? It was the third largest bank merger in history, promising to create a mega-bank that would span the country. But though bank executives promise economies of scale and cross-selling opportunities, investors have not been impressed.  |
CFO March 1, 2004 Kris Frieswick |
The Two Faces of Bank Mergers Despite all the talk about the "seamlessness" of the mergers being planned in the nation's fast-consolidating banking industry, CFOs of bank customers aren't all that convinced. And their concerns are both financial and personal: Will the merger of their bank hurt their access to capital, they ask? And how will their relationship with bank officers change?  |
The Motley Fool December 21, 2006 Michael Leibert |
Fool on the Street: Putting the Group in Citigroup Many investors believe that Citigroup is just too big to generate a superior rate of sustainable growth, and a growing chorus is calling for the separation of Citigroup's retail banking, investment banking, and brokerage operations.  |
Bank Systems & Technology February 22, 2007 Nancy Feig |
The Technology Implications of Citigroup's Egg Deal Citigroup hints at keeping London-based Egg Banking's online platform following its purchase.  |
The Motley Fool December 16, 2005 W.D. Crotty |
Citigroup Scraps GMAC Rumors The financial giant's CEO looks to the future while passing up a potential acquisition of GMAC. Citigroup shareholders must be relieved.  |
U.S. Banker July 2007 Holly Sraeel |
Split Citi Up? The Merger Was Fated from the Start. The intense scrutiny that Charles Prince has been under in the past four years is something few bank CEOs will ever know. None of them has run an institution as complex as Citigroup.  |
Bank Systems & Technology January 14, 2004 Peggy Bresnick Kendler |
Managing M&As Technology is playing an increasingly important role in the revived M&A market in financial services.  |
BusinessWeek November 10, 2003 David Henry |
M&A Deals: Show Me Aware that many mergers haven't paid off in the past, investors don't have the enthusiasm they once did.  |
U.S. Banker February 2004 Holly Sraeel |
JPMorgan-Bank One Deal Sure to Start Things Up The first big merger of the year signals the start of a new wave of consolidation in banking.  |
Bank Technology News June 2004 John Adams |
The General of BofA's Army Ken Lewis was named president, chairman and CEO of BofA in 2001 following the turf war that accompanied the NationsBank-BofA deal.  |
BusinessWeek February 7, 2005 Dean Foust |
BofA's Happy Surprise Consumer chief McGee's sweeping makeover of Fleet's branches is a success  |
U.S. Banker April 2004 Michael Dumiak |
Culture Clash Nearly a decade after the last merger wave, dealers sharpen their pencils in the wake of an economic downturn and look to make combinations. Is that really such a good idea?  |
U.S. Banker February 2004 Michael Sisk |
Bank of America Goes Under the Microscope Thanks to a raft of letters from community groups and an appeal from Massachusetts legislators, the Federal Reserve Board extended public comment on the proposed Bank of America and FleetBoston Financial merger to include two public hearings.  |
BusinessWeek February 23, 2004 Gene G. Marcial |
Who's Courting BofA? With banking mergers and acquisitions heating up, some big U.S. and European banks are eyeing Bank of America as a possible partner.  |
Bank Systems & Technology February 22, 2007 Katherine Burger |
What Are the IT and Distribution Implications of Citigroup's Rebranding Initiative? As Citigroup sells its red umbrella logo back to St. Paul Travelers as part of chairman and CEO Charles Prince's rebranding initiative, what are the IT, channel and distribution implications?  |
CFO January 1, 2004 Roy Harris |
The Start of Something Big? A blockbuster fourth quarter gives even pessimists hope that M&A activity has finally turned the corner.  |
The Motley Fool January 30, 2007 David Lee Smith |
An Egg for a Cracked Citigroup Will the acquisition of England's Egg Banking help Citigroup get back on the road to stardom? And where does this leave investors?  |
Bank Systems & Technology January 11, 2008 Maria Bruno-Britz |
IT Integration and the Bank of America/Countrywide Merger The merger of Bank of America and Countrywide will bring together two companies with very large IT organizations. In the beginning they will probably run the core systems of both companies simultaneously.  |
The Motley Fool July 23, 2007 Michael Leibert |
Citigroup's Improving Fortunes Citigroup turned in another quarter of solid growth, but the global consumer unit has not yet delivered on its promises.  |
The Motley Fool January 17, 2007 Ryan Fuhrmann |
Wells Fargo Forgoes Mediocrity The financial institution continues its run as one of the most consistently performing banks. Investors, take note.  |
The Motley Fool January 15, 2004 Bill Mann |
JPMorganChaseBankOne? Another in the string of "mine's bigger than yours" bank mergers.  |
The Motley Fool December 24, 2007 Rich Duprey |
Corporate Marriages May Not Mean Bliss Merger and acquisition activity spiked up this month, with companies wanting to get together in far greater numbers after having taken a summer hiatus when the credit crunch roiled the markets.  |
Bank Technology News May 2003 Mark Bruno |
The Anatomy of an Anomaly How a traditional institution like Bank Of America is making huge waves in the internet banking business.  |
Bank Systems & Technology August 4, 2009 Maria Bruno-Britz |
Bank of America's New Executive Roster Ken Lewis reshuffles BofA's management team, including the hiring of former Citi CFO Sally Krawcheck.  |
Bank Systems & Technology January 29, 2005 MacPherson, Perry & Phelan |
Doing Diligence Attempts to buy growth through M&As take forethought and care. At its best, an effective bank merger is a backstage production - smooth, well-orchestrated and invisible to an audience of consumers.  |
CIO April 1, 2004 Alice Dragoon |
Banks Fight Customer Fligtht Following mergers, banks used to sacrifice customer service in favor of speedy integration and cost-cutting. But no more. Here's how CIOs are helping banks implement a new postmerger mandate to focus on customer service.  |
The Motley Fool November 9, 2006 Joseph Khattab |
The Best Blue Chip for 2007: Bank of America Bank of America pays out a saucy 4.1% dividend, and it trades at lower earnings multiples than most of its peer group. It also looks reasonably valued compared to its historical multiples.  |
Bank Systems & Technology November 16, 2009 Maria Bruno-Britz |
BAFT, IFSA Announce Plan to Merge The two largest trade groups for global transaction banking say that by becoming one, they can better service the GTS community.  |
BusinessWeek February 21, 2005 David Henry |
Have Dealmakers Wised Up? Acquiring companies seem to be taking a closer look -- and paying less.  |
Bank Systems & Technology November 20, 2008 Maria Bruno-Britz |
Risk and Customers Key Considerations in Mergers Whether a bank acquires another under duress or a merger occurs for more practical reasons around synergies and cost savings, there are several best practices banks should keep in mind to make the process less painful.  |
U.S. Banker April 2010 John Hintze |
A Wealth of Progress Bank of America aims to turbocharge cross-selling between its banking and wealth management units and move a step closer to building a true one-stop shop.  |
U.S. Banker May 2010 |
Hits and Has-Beens A list of recent executive changes in the financial services industry.  |
Bank Systems & Technology May 7, 2009 Maria Bruno-Britz |
In M&A, Special Attention Must Also Be Paid to Integrating Outsourcers' Tech A series of reports from Morrison & Foerster details trends in the financial services outsourcing industry, one of which emphasizes the importance of IT harmonization at merged entities.  |
The Motley Fool October 5, 2009 Morgan Housel |
With Lewis Gone, Is Pandit Next? Citigroup's current CEO, Vikram Pandit, replaced Chuck Prince in 2007, so he can't be blamed for many of Citi's problems. But you can still argue that he should be replaced.  |
BusinessWeek February 20, 2006 Mara Der Hovanesian |
Rewiring Chuck Prince Citigroup CEO Charles O. Prince strives to make himself into a leader with vision.  |
U.S. Banker March 2007 Karen Krebsbach |
As Controversy Dogs Citi, Prince Buys 2 UK Firms, Aims to Cut Costs Excessive spending is the last thing CEO Charles Prince should put up with; even more, Todd Thomson's departure allows for some internal moves of greater significance.  |
Bank Systems & Technology January 30, 2005 Jim Eckenrode |
Solid Returns Entering 2004, the banking industry generally was experiencing solid growth in a number of areas, particularly in the consumer lines of business.  |
The Motley Fool December 17, 2008 Morgan Housel |
No Good News for Morgan Stanley If Morgan Stanley really is retreating from the old investment banking model, then what's next for the investment-bank-turned-bank-holding-company?  |
The Motley Fool April 19, 2007 Michael Leibert |
Citigroup's Uncertain Turnaround The market sees positive developments at Citigroup, but the bank's long-term prospects remain unclear.  |
The Motley Fool March 29, 2007 David Lee Smith |
Citigroup May Start Shedding With its growth in expenses, the nation's largest bank is said to be planning a major cost-cutting program. Investors, take note.  |
Registered Rep. September 9, 2002 Rick Weinberg |
Acknowledging Some "Inappropriate Behavior," Sandy Weill Defends Solly Sandy Weill, chairman of Salomon Smith Barney's parent Citigroup, acknowledged that his firm may have engaged in some inappropriate behavior during the bull market and said that Citigroup would have to make "amends" to regain respect.  |
U.S. Banker July 2004 Holly Sraeel |
Politics, Promises and the Impact (or Not) of Mergers The case can be made that some mergers are in the best interest of shareholders. But what about what's in the best interest of communities? That's where the promises start.  |
Insurance & Technology February 19, 2004 Peggy Bresnick-Kendler |
Technology and the Urge To Merge Whether buying a smaller company at bargain prices or participating in a massive "merger of equals" deal, insurers must carefully evaluate IT compatibilities and costs.  |
The Motley Fool June 29, 2009 Dan Caplinger |
Is There Free Money In These Stocks? Sometimes, a bargain price on a stock seems to offer investors free money. If you don't understand the risks involved, though, attractive stocks can burn you.  |
Insurance & Technology May 23, 2008 Katherine Burger |
Consolidation Within Insurance Technology Vendor Ranks Isn't New -- But Still Creates Customer Anxiety Merger announcements always generate angst. No matter what is publicly stated about preserving brands and human capital, there inevitably are many legitimate concerns.  |
Bank Technology News November 2003 Jeremy Quittner |
Finding Equals in a Merger Jean Davis's responsibility is to integrate all of Wachovia's systems, technologies and operations since its 2001 merger with First Union. It wasn't a cake walk, but the new entity is beginning to hum.  |
BusinessWeek February 14, 2005 Mara Der Hovanesian |
Citi: A Whole New Playbook Citigroup CEO Chuck Prince is moving away from Sandy Weill's empire-building strategy.  |
Bank Systems & Technology May 5, 2004 Kristi Nelson |
Bank Tech Expertise in Short Supply Finding and holding on to top IT talent is a top priority for banks.  |