Business Services Industry
First Union to Discuss Internet Strategy, Branch Haul with Analysts.
Knight Ridder/Tribune Business News, July, 1999 by Moore, Pamela L.
Knight Ridder/Tribune Business News
Jul. 31 -- Now that First Union has shaken up top management, anointing an heir to Chief Executive Ed Crutchfield, what's next?
"The first thing they have to do is basically re-establish credibility on the Street," says analyst Peter Kuper with Keefe Bruyette & Woods.
Top executives meet Wall Street head-on in New York Wednesday for a long-planned strategy session. They'll roll out the bank's much-anticipated Internet strategy -- one First Union will spend $150 million on this year -- and update analysts on other initiatives, including its "Future Bank" branch overhaul.
The meeting also gives the nation's sixth-largest bank a chance to reintroduce Ken Thompson, who will succeed President John...
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