Thursday, December 7, 2023
A wise man adapts himself to circumstances, as water shapes itself to the vessel that contains it. --Chinese Proverb Organizational change is very rampant in the financial services, and it has a bearing on how people are treated as well as how they respond to the effect of these changes. In...
"It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause." -- James Grant, author of Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken Last week, we looked at how some loan officers are...
"Even if everyone is doing it, wrong is never right” -Russel M. Nelson On 12th September, 2023, the Chartered Institute of Bankers, Ghana launched its 60th Anniversary with a grand event with several dignitaries in attendance, including Dr Ernest Addison, Governor of Bank of Ghana, Dr Kwabena Dufour former...
Dear readers, last week, I looked at the numerous positives of digitalisation – which has come to stay, but cautioned about the new challenges that employees and employers are facing when its implementation goes overboard and not blended to suit our local environment and community. Technology has progressed to the...
“My own experience is, use the tools that are out there. Use the digital world. But never lose sight of the need to reach out and talk to other people who don't share your view. Listen to them and see if you can find a way to compromise.” Colin...
“Quitters never win, and Winners never Quit” One interesting thing about famous successful personalities who “fail” is, THEY LEARN THEIR LESSONS AND MOVE ON: AFTER ALL, WINNERS NEVER QUIT! Let us take a look at some famous personalities who went through painful times and bounced back: The following extract is by...
“Let us not look back in anger or forward in fear, but around in awareness”. — James Thurber Last week, we examined various issues that make banks vulnerable to the outside world through various lapses. This is a continuation of various reminders: Cash limits Gone are the days when branch managers preferred...
“We have problems with our physical security, operational security through to management.” …Kevin Mitnick The Kenyan Commercial Bank robbery “NAIROBI (Reuters) - In a heist reminiscent of a Hollywood movie, Kenyan robbers spent months tunneling into the bowels of a bank located opposite a police station and stole the equivalent of...
Common Mistakes that Bankers should Avoid “Adventure is the life of commerce, but caution is the life of banking” …Walter Bagehot Last week I looked at the “Tournier principles” in great detail. Today, I will share some basic mistakes that bankers make which breach the duty of confidentiality. These inadvertent...
Treat your customer, as you want to be treated as a customer." Catherine Pulsifer  Dear Readers, it has been almost a decade roller coaster on the “RISK WATCH” journey. After exiting mainline banking practice of almost three decades, I have for eight years looked at banking services through the eye of...