Banking, Ethics and Risk Management

Too Big to Manage: JP Morgan and the Mega Banks

Harvard Business Review

OCTOBER 3, 2013

Many other major financial institutions — Bank of America , Citigroup, HSBC, Barclay’s, Wells Fargo, UBS, etc. But, at the end of the day, it is bank leaders and employees who must take the right business, legal and ethical actions under existing law. JP Morgan is the biggest of them all with $2.3

Banking

Banking Management Ethics Letter

Has Jim Goodnight Cracked the Code of Corporate Culture?

Michael Lee Stallard

JUNE 18, 2010

He spoke of using parallel processing, a form of artificial intelligence, to create new solutions that address thorny risk management issues faced by financial services institutions such as banks and insurance companies. Education is another field he mentioned. why is everyone smiling?

Conference

Conference Bottom-up Software Long-term

The Leadership Blind Spots at Wells Fargo

Harvard Business Review

OCTOBER 6, 2016

Former employees have alleged a “soul-crushing” culture of fear and daily intimidation by managers, where they were pressured to reach extreme sales goals, some by breaking the law. The bank has since fired 5,300 employees for the illegal behavior and eliminated retail bank sales goals entirely.

Banking

Banking Committee Leadership Ethics

The Big Picture of Business – Business Success Checklist

Strategy Driven

NOVEMBER 6, 2015

Banking and investing plan is annually updated, with realistic, measurable goals. The organization maintains and lives by an ethics statement. Written, consistent policies with payables and receivables are followed. Strategic Plan includes provisions for refinancing, equity and debt financing. About the Author.

Succession

Succession Strategic Planning Budgeting Goal

The Economics of Why Companies Don’t Fix Their Toxic Cultures

Harvard Business Review

MARCH 22, 2018

Over the last decade, industries, academics, and the public sector have turned their focus toward culture and ethics in response to the financial crisis as well as misconduct at a broad range of corporations. But what role does culture play in corporate misconduct, and why do these problematic cultures persist? Adverse selection.

Company

Company Banking Incentives Human Capital

Five House Rules for Managing Risky Behavior

Harvard Business Review

JUNE 13, 2012

For enterprise risk management, key policies include a statement of risk appetite and explicit risk tolerance levels for critical risks. The company's performance measurement and incentive systems, and the degree to which risk management is considered, will also have a profound impact on employee behavior.

Management

Management Banking Committee Risk Management

Culture, Not Leverage, Made Wall Street Riskier

Harvard Business Review

OCTOBER 11, 2013

banks can use in their business. According to a 1992 study by the Government Accountability Office, the average leverage ratio for the top 13 investment banks was 27-to-1 during 1991 (up from 18-to-1 in 1990). drop in asset prices would wipe out the equity of the bank. Ethics Finance Risk management'

Incentives

Incentives Banking Ethics IPO

For a New Way to Manage Risk, Look to the Past

Harvard Business Review

SEPTEMBER 26, 2014

By Focusing on Resilient Risk Management Ebola Battlers Can Learn from Venice's Response to Black Death NPR Every now and then, a story comes along that makes us editors say, "Why didn''t we think of that?" This all comes down to what the article’s authors call resilient risk management. Risk management'

Management

Management Risk Management Finance Real Estate

The Hidden Danger of Being Risk-Averse

Harvard Business Review

JULY 2, 2013

Further research conducted by Harvard''s Francesca Gino and Joshua Margolis, indicates that prevention-focused people are more likely than the promotion-focused to behave ethically and honestly — not because they are more ethical per se, but because they fear that rule-breaking will land them in hot water.

Kahneman

Kahneman Tversky Hedge Banking

There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business Review

OCTOBER 10, 2017

In an experiment, we approached the call center of a bank’s consumer loans business. (We’ve Our prior research had found that increasing employees’ sense of play, purpose, and work potential can increase their adaptive performance, improving sales, customer experience, creativity, ethical behavior, and grit.

Organization

Organization Tactics Call Center Metrics

Jamie Dimon’s Pay Raise Sends Mixed Signals on Culture and Accountability

Harvard Business Review

FEBRUARY 3, 2014

The bank earned about $18 billion, down from $21 billion the year before. He criticized the bank and himself for the Whale. They arose in different parts of the bank, not just one dysfunctional unit. They have seriously corroded the bank’s reputation with regulators, a number of investors, and the public.

Banking

Banking Fashion CEO Short-term

We Need to Approach AI Risks Like We Do Natural Disasters

Harvard Business Review

FEBRUARY 7, 2018

Finally, policymakers should establish international trust and ethics guidelines to govern the development and implementation of ever more advanced AI products and systems. These forums are beginning to deepen understanding of the potential harm that intelligent devices could cause and the need for best practices.

Insurance

Insurance Contingency Plans Globalization Ethics

If the Auditors Sign Off, Does That Make It Okay?

Harvard Business Review

MAY 1, 2012

Fastow suggested that to avoid falling into an ethical trap he should have asked himself the right questions: Am I only following the rules or am I following the principles? Banks are now engaging in "capital relief" deals that inflate regulatory capital in advance of the new Basel standards.

Chief Financial Officer

Chief Financial Officer Finance Banking Class

Finance Can Be a Noble Profession (Yes, Really)

Harvard Business Review

JULY 17, 2017

How will the crisis of problematic loans in Italian banks be resolved? Insurance, leverage, risk management, value creation, asymmetric information, and options are all concerned with exactly the same philosophical question that many of us are concerned with in our lives: what is most valuable to us and how to create and measure it.

Finance

Finance Insurance Career Reputation

Why Are Some Sectors (Ahem, Finance) So Scandal-Plagued?

Harvard Business Review

JANUARY 10, 2013

This escalation illustrates a significant change: highly expensive scandals across business sectors , not just in single companies, and this is reflected in the January 7th agreement by major banks to pay $8.5 Other banks are considering whether to join the agreement (e.g. billion due to derelict mortgage and foreclosure processes.

Finance

Finance Banking Press Release Pharmaceuticals

Leadership Digital

Too Big to Manage: JP Morgan and the Mega Banks

Has Jim Goodnight Cracked the Code of Corporate Culture?

Trending Sources

The Leadership Blind Spots at Wells Fargo

The Big Picture of Business – Business Success Checklist

The Economics of Why Companies Don’t Fix Their Toxic Cultures

Five House Rules for Managing Risky Behavior

Culture, Not Leverage, Made Wall Street Riskier

For a New Way to Manage Risk, Look to the Past

The Hidden Danger of Being Risk-Averse

There Are Two Types of Performance — but Most Organizations Only Focus on One

Jamie Dimon’s Pay Raise Sends Mixed Signals on Culture and Accountability

We Need to Approach AI Risks Like We Do Natural Disasters

If the Auditors Sign Off, Does That Make It Okay?

Finance Can Be a Noble Profession (Yes, Really)

Why Are Some Sectors (Ahem, Finance) So Scandal-Plagued?

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