The National Australia Bank has taken a pre-tax writedown of AU$409 million on its software assets for the year as botched initiatives such as its notorious global enterprise resource planning project take their toll on the financial institution's full-year bottom line.
The National Australia Bank's group chief information officer (CIO) Ian MacDonald has flagged his intention to retire next year as restructuring at the institution sees his responsibilities distributed among regional CIOs.
The multi-billion dollar merger of financial services giants Suncorp and Promina looks set to create a new chief information officer role at what would be one of the nation's largest companies.
Will Suncorp chief information officer Jeff Smith stick around if the bank's rapid decline in value due to the credit crisis lead to a fire sale of several of its key divisions?
National Australia Bank this morning said it was in discussions to buy the local arm of Dutch investment bank ABN AMRO, in a move that could enlarge NAB's IT support operation, already one of the largest in Australia.
The National Australia Bank has taken a pre-tax writedown of AU$409 million on its software assets for the year as botched initiatives such as its notorious global enterprise resource planning project take their toll on the financial institution's full-year bottom line.
Will Suncorp chief information officer Jeff Smith stick around if the bank's rapid decline in value due to the credit crisis lead to a fire sale of several of its key divisions?
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