|
Outsourcing: why "out" is "in".
From:
ABA Banking Journal
| Date:
March 1, 2008
| COPYRIGHT 2008 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
|
Among the legends of banking is Amadeo Peter Giannini, the Italian-American banker who turned adversity into success beyond belief. In the aftermath of the San Francisco earthquake of 1906, Giannini rescued and then transported his bank's cash to a safe spot. He then set up a makeshift temporary branch consisting of two barrels and a plank, so San Franciscans could borrow for rebuilding. The little Bank of Italy evolved through growth and merger into the namesake predecessor of today's Bank of America.
It's hard to know if Giannini could have done what he did in 1906 under ...
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