Larry Fish, former CEO and Chairman of Citizens, talks about the crisis in a dialogue with Simon Johnson, Professor of Entrepreneurship at MIT Sloan School of Management.
It's got a really long (six minute!) introduction before Larry starts talking, then it gets interesting.
Good questions raised including:
- why did Canada, Brazil, Spain and Australia's banks dodge the crisis?
- how did we create a consumer-led crisis?
- how did bankers lose track of the importance of liquidity?
- is leveraging up to $70 to a $1 on deposit (as Deutsche Bank did) a good thing?
- what does this crisis say about ethics in America?
- is regulation enough to change behaviours?
- is Greed good?
- how much of a cushion do big banks really need to avoid failure?
- do we need to include insurers here as well?
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
