Tag Archives: Too Big To Fail

The Question That All Bankers Should Be Asking: Why Are We Here?

The following article was originally published in the October edition of The Journal of Business Compliance.

INTRO: Jonathan Ledwidge is an author and risk professional with more than 20 years experience in investment banking and has strong views and undeniably good questions. In this opinion article, the first under the Speakers Corner column of the Journal, he asks questions of everyone in the corporate world, not merely bankers, but industrialists, regulators and all those associated with the formation of governance frameworks, the promotion of meaningful corporate culture and their implementation. He considers the many pitfalls into which a generation of business and political leaders have fallen and the consequences these have had on regulation and internal control practices. The scandals that have come to light within the banking sector have overshadowed scandals of corruption and misselling in other industries that just as crucially require answers and reflections of the existential question: Why are we here?

“Tell me again Maximus, why are we here?” Continue reading

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Why Focusing On Bank Risk Culture Is Meaningless

The following is the third in a series of articles on bank risk culture. The previous articles can be accessed on the blog here.

In the previous articles we argued that it is futile if not impossible to separate the risk culture of an institution from the other aspects of culture within it. This article further develops this assertion by looking at some very specific examples of how banks got into trouble during the subprime crisis and why, in each case, only focusing on risk culture would have been totally inadequate.

In a January 2009, The Economist wrote an article on Citigroup entitled “A House Built on Sandy”, a less than veiled reference to the bank’s former CEO Sandy Weill and its troubles during the financial crisis. The article did not pull any punches and here are just a few of the statements it made: Continue reading

Why Banks Are Still In Trouble, How They Must Change

Address to the City Book Fair in London by Jonathan Ledwidge.

Clearing The Bull (Part 1) – Ending 30 Years Of Banking Failures  What banks must first do to stop repeating their history of failure.

Clearing The Bull (Part 2) – Why Banks Are Still In Trouble                   The moment of clarity banks need if they are to make real progress.

Clearing The Bull (Part 3) – How Banks Must Change                              An insider’s view on making the banking industry more human and more competitively and economically sustainable.

Jonathan Ledwidge is the author of the book Clearing The Bull: The Financial Crisis And Why Banks Need A Human Transformation.

Clearing The Bull Part 3 – Why Banks Need A Human Transformation

Banker and author Jonathan Ledwidge addresses the City Book Fair in London and providers an insider’s view on why banks must make a human transformation as well as the specifics on how they can achieve it.

Watch Part 3 on youtube using this link http://youtu.be/L99b0ZZsUbc

and

Watch Part 2 – Why Banks Are Still In Trouble on youtube with this link http://youtu.be/cnsCbMuWYQc

Watch Part 1 – Ending 30 Years Of Banking Failure on youtube with this link http://youtu.be/evrheDydfto

Clearing The Bull Part 2 – Why Banks Are Still In Trouble

Banker and author Jonathan Ledwidge addresses the City Book Fair in London on why, despite changes made since the financial crisis, banks are still in trouble and are likely to remain in trouble for the foreseeable future.

Watch Part 2 on youtube using this link http://youtu.be/cnsCbMuWYQc

and

Watch Part 1 – Ending 30 Years Of Banking Failure on youtube with this link http://youtu.be/evrheDydfto

Watch Part 3 – Why Banks Need A Human Transformation on youtube with this link http://youtu.be/L99b0ZZsUbc

Clearing The Bull Part 1 – Ending 30 Years Of Banking Failures

Banker and author Jonathan Ledwidge addresses the City Book Fair in London, on what the banking industry must first do if they are to bring and an end 30 years of repeated failures.

Watch Part 1 on youtube using this link http://youtu.be/evrheDydfto

and

Watch Part 2 – Why Banks Are Still In Trouble on youtube with this link http://youtu.be/cnsCbMuWYQc

Watch Part 3 – Why Banks Need A Human Transformation on youtube with this link http://youtu.be/L99b0ZZsUbc

Bundesbank Study: Women Make Riskier Bankers

A recent Bundesbank study has found that women make riskier bankers than men, casting doubt on the many calls for more female bank executives. Could this be true?

The Bundesbank conducted a study on women in banking and came up with the conclusion that women make riskier bankers. The study looked at board changes at banks which resulted in a higher proportion of female representation. In analyzing their findings it appeared that the women in the study tended to be significantly younger and less experienced than their male counterparts—and that translated into greater risk taking.

Continue reading