Times change and the type of reckoning that has come to Hollywood and politics is heading to the business and banking worlds, if not already here. Until a few years ago Harvey Weinstein was a God in Hollywood. Weinstein’s company produced…
Last week Chris Skinner titled a blog commentary, “Banks Waste Billions on Digital”. He begins by making a statement that banks should be considering: “I wonder whether, one day, anyone will work out how much money has been wasted by banks on digital…
It is hard to avoid ads for the Master Class website. Master Class offers top name experts in various fields, offering courses on topics ranging from poetry to mixology to ukulele playing. Each of the individual sessions is short, no more than 15-20 minutes, playing…
Can you manage a bank by focusing on one number, one metric, that you focus on with laser like clarity? Of course not. The ultimate metric is profit and even there you need to look at profit over time. But there is one ratio that experience suggests indicates how well…
How’s this for an article title that lets you know the writer’s perspective: “Jeff Immelt Oversaw the Downfall of G.E. Now He’d Like You to Read His Book.” The article features a picture in which Immelt looks more like Bruce Arians than a big league exec…
Each bank seems to define “small business” differently. Some define the term broadly (to include companies $1-10mm+ in revenues) or narrowly (microbusinesses with revenues less than $1mm)…
In 2000, 8,300 FDIC insured banks operated. By year end 2020, the number was down below 4,500, and since 2010 fewer than 15 new bank charters have been approved by the FDIC. The pressures on…
When the Chairman left his corner office for the last time, he looked back through the limo window at the office tower as it disappeared from view. He had no regrets, but now an ex-Chairman, his life…
For many of us the comment accompanying this column says it all. Having survived 2020 with its lockdowns, search for toilet paper, and, even worse, an election, we looked forward to the turning of the page…
The beginning of a New Year always serves as the opportunity to rethink the past and set goals for the future. But very quickly both on the personal level and from a business perspective we usually…