| Banc
One's Metamorphosis
By Steve Klinkerman
— John B. McCoy scrapped the "Uncommon Partnership"
of semi-autonomous subsidiaries inherited from his father
and is redefining and refocusing Banc One. Can he emerge
as a national financial service player and revive his
merger machine?
Meeting
the Market
By Greg Wilson
— Now that Congress has again failed to enact
meaningful banking regulatory reform, McKinsey & Co.
says it's time to push the boundaries of existing law
to loosen the regulatory straitjacket that keeps banks
from competing with more agile--and less regulated--nonbank
financial services companies.
The
Velocity of Capital
By Kenneth Cline
— NationsBank Corp. chief financial officer
James H. Hance Jr. expounds on capital adequacy, stock
buybacks and purchase accounting. Despite what some Wall
Street analysts might think, he insists NationsBank made
good use of its capital in the acquisition of Boatmen's
Bancshares.
Managing
Human Capital
While it is hard to imagine in today's world of
merger-driven layoffs, banks of the future will place
greater emphasis on training and cultivating their employees,
according to Ernst & Young, which also predicts enhanced
power for senior human resource managers, more hiring
of non-traditional bankers, and greater use of cross-disciplinary
project teams.
Bridging
the Needs Gap
Many banks have experienced slow going in their efforts
to build a mutual funds and asset management business.
But a survey of investors by Deloitte & Touche finds
the demand is there to be exploited if banks can build
cultures and competencies to deliver what customers want.
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