From the 2010 Annual Review: "Corporate sponsorships continue to be the best platform for enhancing the renown of the brand and consolidating the Bank’s positioning at the international level. The five-year alliance with the Formula 1 Ferrari team has been a complete success. The return on the advertising in the first year covered the investment … Continue reading Nugget: Banco Santander on Corporate Sponsorship
Tag: banking
Nugget: Taleb on Banking
An article by Nassim Taleb and Mark Spitznagel on the current state of banking and the issue of managment compensation: "Of course, before being bailed out by governments, banks had never made any return in their history, assuming that their assets are properly marked to market. Nor should they produce any return in the long … Continue reading Nugget: Taleb on Banking
Nugget: Fairfax aquires 35% of Bank of Ireland
From an interesting article in The Globe and Mail: "Fairfax sent a team to Dublin about two weeks ago to comb through the bank’s loan books and question its credit people. Mr. Watsa met with the bank’s management, and came away believing that, with a recapitalization, Bank of Ireland chief executive officer Richie Boucher would … Continue reading Nugget: Fairfax aquires 35% of Bank of Ireland
Nugget: Jamie Dimon´s (JP Morgan) Letter to Shareholders
The whole letter is well worth reading, but here are a few interesting excerpts from Jamie Dimon´s - Chairman and Chief Executive Officer of JP Morgan Chase - 2010 Letter to Shareholders: Complex systems – and our global economic system surely is one – often oscillate within relatively normal confines. Our complex economic system regularly … Continue reading Nugget: Jamie Dimon´s (JP Morgan) Letter to Shareholders