Tag: Accountability

What Happens When Your Bank Blames The Competition

Accountability in Banking

It is easy to place blame on items outside of your control – competition, interest rates, bad luck or a million of other reasons. However, a hallmark of a good banker is their ability to take responsibility for actions, be humble and take steps to ensure future success. While there are qualitative reasons why this is true, in this article we will look into the quantifiable reasons why banks and bankers that take responsibility for their actions are better served.

 

The Study

 

Banks Need Explicit Accountability And Guarantees

Enhancing Trust

Take one look at Ben Carson, Donald Trump or Bernie Sanders’ poll numbers and you know things have changed in America. Straight talk, unabashed confidence and a “buck stops here” mentality plays well these days with the general populace and it is getting engagement. We pontificate that none of these presidential candidates would have ever stood a chance of even being seriously considered for a Party nomination, except for the fact that in this age of speed, complexity and short news cycle, clarity rules.

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