They are in the process of merging capital markets division with banking. Why? Same reason Stephanie does anything. Boost the stock price of course. Capital Markets grows at a much higher rate than banking so it would look better if she merged their growth into the cr-p division. Maybe try investing in the products instead?
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What is the exact name of payment business that is moving from banking to CM ?
Executives on this morning's product management meeting just said the exact opposite. Instead of Capital Markets and Banking merging, Payments is being moved out from under Banking. Leading the way for the possibility that the company could be cut up and pieces sold off.
Is this for real?? Was there an email about this or something?