Category Archives: Financial crisis
When will they learn to put customers first?
Excerpt from Mark Seider’s article on InvestmentNews, “The Regulatory Tightrope” – “What is needed is forward-looking regulation that can level the playing field between Wall Street and Main Street, create appropriate incentive structures and penalty functions, and protect people from … Continue reading
Posted in Financial crisis, Global Banking, Risk Management
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Pride comes before a fall
Wall Street will never stop springing these surprises so long as : 1) Global bank regulation allows it. 2) Management of banks believe it will never happen to them. 3) Training of bank staff in risk management is universal and … Continue reading
Greed Culture at Goldman Sachs
The article linked below from the NY Times today further reinforces a lot of the recent discussion we are hearing on the culture of many banks over the last decade or so, and how they internally score their goals: Greed – … Continue reading
Generic Answers to Global Problems?
Keith Waitt comments on the future for Eastern European banking McKinsey has recently published an article about the future of banking in Eastern Europe (“What’s ahead for banking in Eastern Europe”), This article proved to be thought-provoking in unexpected ways, … Continue reading
Posted in Financial crisis, Global Banking, Risk Management
Tagged Eastern Europe, financial crisis, global banking, McKinsey, risk culture
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Keith Waitt comments on the recent Moyers interview with John Reed on the financial crisis
Global Financial Crisis …a refreshing perspective! Last week, a prominent American journalist, Bill Moyers, interviewed John S. Reed, the former CEO of Citicorp and Citigroup. It was broadcast as part of a television series about the cause of the global … Continue reading
Posted in Consultancy Matters, Financial crisis, Risk Management
Tagged Citicorp, Citigroup, Glass-Steagall Act, John Reed, Moyers
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