Year on year different reports come out with all most similar findings but are the organization doing something about it? Despite of red flags, organizations behave as if nothing can happen to them and when it happens, people are blamed rather than the processes. I feel that the day when despite of performance, experience & seniority, standard rules are applied to all only then such things will change. Day when people realize that the way goal are achieved is as important as the achievement of goals only then we will have some change taking place.
Retail Banking, 21 January 2009 JPMorgan to rebrand WaMu branches for $300 million JPMorgan Chase said it will spend $300 million to rebrand 708 branches and 1,900 ATMs in California with the Chase logo as part of its integration with Washington Mutual (WaMu). It will also spend $75 million to open an additional 20 branches throughout the state in 2009. All WaMu branches will be rebranded nationwide by the end of 2009.Citi restructures private banking in ChinaCiti said it is restructuring its private banking business in China, denying a news report which said the bank would close it. As part of the restructuring, the bank reportedly said it is merging the private banking with its consumer banking business. TCB to set up joint insurance arm with BNP The Taiwan Cooperative Bank (TCB) has inked a joint venture agreement with BNP Paribas Assurance to set up an insurance arm with an initial working capital of NT$2 billion ($60 million). TCB will take up a controlling 51% stake with BNP owni...
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