Word: productivity
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Santander's Other Secret The Abbey turnaround came straight from the Santander playbook - and highlights the second key to the company's incredible success: software. First step, in goes Santander's proprietary Parthenon software, which organizes a bank's business by customer instead of by product line, as had been the case at Abbey. "This is the kind of sophisticated information JPMorgan still didn't have, and I saw it at a Santander branch in Chile," says Davide Serra, head of the U.K.'s Algebris hedge fund. The system facilitates cross-selling to existing customers while allowing Santander...
...supporters of the University’s sale said at the time that, given the unfavorable financial climate, those bond prices were unavoidable and a product of the credit crunch—and not the result of the University’s actions or financial situation...
...course, losing subscribers is not exactly going to help beef up the Times's copydesk. But as a consumer, she had a point: Why pay for a product that disappoints her? So what if the newspaper business model is challenging. That's not her problem. Just fix it! (See pictures of Judd Apatow's war on Jay Leno...
...Blankfein even seemed to show some support for a consumer financial-product regulator, saying he thought there should be more attention paid to how financial markets interact with the retail market. But when it comes to more restrictions on the way large Wall Street firms like Goldman do business, Blankfein said there were already too many constraints. He said that since his firm began to be regulated by the Federal Reserve and not the Securities and Exchange Commission - a switch that happened when Goldman became a bank-holding company in late 2008 - the oversight of his firm had increased...
...true goal is to create a powerful social networking utility," said Tristan J. Walker, foursquare’s vice president of business development. "The inspiration for foursquare came from what Amazon has done with book and other product recommendations for their users—we want to do this with locations...