For years revenue generators in banks have been operating under the thumbs of an ever-increasing number of cost-generating support staff. That needs to stop now. The new team entering the White House has proclaimed…
The media has been having a field day with the revelations made by Governor Kristi Noem in her just published biography. A Time magazine article summarizes the story in the headline…
I recently received a LinkedIn message from a former colleague who had attended an industry meeting on ESG issues. My first reaction was surprise that these meetings are still being held, since…
In recent years most of us have seen movies in which zombies stagger about, lurching toward their next human victim. Probably they don’t think of themselves…
A few weeks ago, I wrote about a once prestigious bank that, tied at least in part to its acquisition by a much larger bank, suffered loan losses, organizational changes, and regulatory issues. This time…
Not long ago it was one of the most respected banks in America. It had demonstrated years of consistently strong earnings and housed an enviable list of clients.
Misprojections. What causes so many predictions and expected results to turn out to be way off the mark? Is it a failure to do any basic scenario planning?
The new, new thing. Business people, bankers included, love to chase the shiny new toy. Right now, that’s AI. During my career, there have probably been 20+ of these shiny new toys. And there exists a plethora of…
I’ve seldom seen bankers more concerned and, yes, nervous, than when the regulators come to visit. Oftentimes it seems that banks are managing more to the regulator’s requirements with the customer taking…
Last time I highlighted Citicorp’s announcement that, once again, it is undergoing a cost reduction event, this time with the help of BCG. It seems to involve taking out layers of management and changing spans of control.