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The Flexible Method: How to Survive and Thrive Through the Next Crisis

Leading Blog

Talk with debtors, creditors, suppliers, and the bank. The temptation is to baton down the hatches and wait for the storm to pass—but both experience and research from the pandemic and the 2008 financial crisis show that collaborating with others can be a path to growth during disaster. Be honest and transparent. Protect Your Cash.

Crisis 272
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How The Government Influences Media Coverage Of Business

The Horizons Tracker

The study examines how government decisions affected the media coverage of US banks during the financial crisis. It found that the media was typically less critical of banks that had received government bailouts. “We The findings highlight the crucial role the government plays in guiding media output. .

Media 109
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Are Career Interruptions As Harmful For Senior Employees As For Junior Ones?

The Horizons Tracker

New research from UC Berkeley, Haas School of Business explores the resilience of bank employees in the wake of the Lehman Brothers bankruptcy. The study analyzes the fortunes of 14,536 employees at the bank as of January 2008, including their education, skills, and demographics. Uneven split. Avoiding the blame.

Career 124
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StrategyDriven Editorial Perspective – Panic of 1907 vs Great Recession of 2008

Strategy Driven

He went on to describe the similarities between the banking crisis of 1907 – the one that inspired the formation of the Federal Reserve – and the more recent 2008 financial crisis. As the underwriting weaknesses of subprime portfolios became known, banks stopped lending to each other, paralyzing credit markets.

Banking 50
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How The Financial Crisis Saw Support For Populists Rise

The Horizons Tracker

The financial crisis of 2008 had global implications, but perhaps one of the most considerable was its impact in bolstering support for populist politicians. Indeed, by 2008, 60% of all household debt was in Swiss francs. A lending boom. ” Shift to the right.

Crisis 120
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Trust

Lead on Purpose

He discusses the concept of building a trust account, which is similar to a bank account. This focus has come primarily from reading The Speed of Trust by Stephen M.R. By behaving in ways that build trust you make deposits, by behaving in ways that destroy trust you make withdrawals.

Covey 265
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Shame On Our Apology Economy

Lead Change Blog

Last week the CEO of Wells Fargo, a bank that’s been around since 1852, testified before Congress about the egregious wrong-doings committed by employees in his company all in the name of meeting sales goals. The chairman of the Senate Banking Committee, Sen. Richard Shelby, R-Ala., Why does this happen? This problem started long ago.