MANAGEMENT OF CHANGE IN THE BANKING SYSTEM

Valentin Stanciu Ph. D Student
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Valentin Stanciu Ph. D Student: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2010, vol. 2, issue 38, 10

Abstract: In 1981, partial liberalization of the banking industry, tough competition and unstable economy, drove to major changes at Bank of America Corporation. Between 1985-1987 the bank lost 1,8 billion $ and First Interstate BankCorp threatened with hostile takeover; FED urged shareholders to recapitalize the bank. Through a very tough plan of changes management and clear target, Bank of America became one of the leaders in the financial world. To reveal this potential for changes in the Romanian Banking System, this study includes a survey made on 4 banks, meaning more than 30% market share as assets and 10% as number of banks, with a sample of 9 employees per bank. The results shows that the Romanian banker is a good changes anticipator, he detains the energy of changing but he is not so willing to change; he is an analyst as profile and the environment is encouraging the change.

Keywords: change management; banking; financial and economical crisis (search for similar items in EconPapers)
JEL-codes: G21 M12 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2010:i:10:p:240-249

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