Chris Skinner's blog

Shaping the future of finance

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“The least trusted company in the least trusted sector”

Last week, when delivering his announcements of Royal Bank of Scotland’s continuing losses (£42 billion worth since 2008 and £8.2 billion last year alone), Ross McEwan said that the bank is “the least trusted company in the least trusted sector”. Wrong. First, RBS is not greatly trusted but some of their brands are. According to…

Most-trusted-logo

“The least trusted company in the least trusted sector”

Last week, when delivering his announcements of Royal Bank of Scotland’s continuing losses (£42 billion worth since 2008 and £8.2 billion last year alone), Ross McEwan said that the bank is “the least trusted company in the least trusted sector”. Wrong. First, RBS is not greatly trusted but some of their brands are. According to…

Most-trusted-logo

If you think ‘rip out and replace our systems’ is naive … think again

Building on yesterday’s theme, one that I cover often, I was accused of being naïve when I say that banks should rip out and replace old infrastructures. They tell me that you would not do that with historic houses.  You just refresh and renew room by room, on an evolutionary basis. But the metaphor does…

Andressen

If you think ‘rip out and replace our systems’ is naive … think again

Building on yesterday’s theme, one that I cover often, I was accused of being naïve when I say that banks should rip out and replace old infrastructures. They tell me that you would not do that with historic houses.  You just refresh and renew room by room, on an evolutionary basis. But the metaphor does…

Andressen

A banking system designed for a USB stick

I often wonder if I’m actually telling the truth when I have a go at banks for being slow to change and poor with technology.   They can’t be that bad can they? But then I meet a banker who tells me I’m spot on, and that they’re just as fed up with the state of…

A banking system designed for a USB stick

I often wonder if I’m actually telling the truth when I have a go at banks for being slow to change and poor with technology.   They can’t be that bad can they? But then I meet a banker who tells me I’m spot on, and that they’re just as fed up with the state of…

Wells Fargo: the best bank brand in the world

This month’s Banker magazine has its star feature focused upon the best banking brands in the world http://www.thebanker.com/Banker-Data/Banker-Rankings/The-Top-500-Banking-Brands-2014 .  This is an annual report produced by The Banker with Brand Finance, At the end of this blog entry, you will find The Banker’s analysis of the results this year, but here’s my brief view first….

Brand winners

Wells Fargo: the best bank brand in the world

This month’s Banker magazine has its star feature focused upon the best banking brands in the world http://www.thebanker.com/Banker-Data/Banker-Rankings/The-Top-500-Banking-Brands-2014 .  This is an annual report produced by The Banker with Brand Finance, At the end of this blog entry, you will find The Banker’s analysis of the results this year, but here’s my brief view first….

Brand winners

Can the bank’s leopard really change its spots?

Talking with one of my bank contacts last week was interesting. He was lamenting the days of true customer focus, as a banker would who joined the bank in the 1980s. After three decades, he's seen it all and the mentality of retailing has been the biggest knock-out blow to the industry he's ever seen….

Leopard

Can the bank’s leopard really change its spots?

Talking with one of my bank contacts last week was interesting. He was lamenting the days of true customer focus, as a banker would who joined the bank in the 1980s. After three decades, he's seen it all and the mentality of retailing has been the biggest knock-out blow to the industry he's ever seen….

Leopard