Bankers Back In The Classroom
(Financial Times - 10/17/2013)
by Andrew Hill
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| The Culture of B-oink-ing ?? |
"As Banks Try To Change Their Culture Following The Financial Crisis, How Do They Retrain Their Staff?"
"Ask people outside financial services what bankers have been doing for the last few years and you will probably receive an unprintable response."
"In the wake of the financial crisis and a series of scandals and reputational blows all employees of Deutsche Bank, Goldman Sachs and Barclays' Bank are being taken through programs aimed at reinforcing codes, values, behavior, and a strong, positive corporate culture."
"Given the recent record of the banks, such programs invite skepticism. The fact such retraining is necessary is in itself an indictment of the banks' past
performance in this area."
Did someone say "indictment"? Perhaps a "state-sponsored training program" might be even more beneficial...
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| ... and they could continue to wear their pin-stripe suits !! |
... while they bust rocks to level the playing field!
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