CIPD’s Post

Standard Chartered's 2023 financial year results reflect an impressive 15% profit after tax, a testament to their resilience in navigating a challenging year. CEO Kariuki Ngari, in an interview with Maina Chege from The Trading Bell, outlined key factors driving this performance: 1. Commitment to strategy: Despite significant challenges, the bank remained steadfast in its strategic approach, focusing on four pillars: network, affluent, mass retail, and sustainability. 2. Seizing client opportunities: The bank capitalized on client relationships by offering balance sheets and financial advice, empowering clients to pursue their objectives effectively. Ngari emphasized that the performance was propelled by the network's substantial contribution to the corporate sector and the affluent segment, which accounts for 58% of consumer private and banking revenue, aligning with their strategic goals. For more insights into the bank's sustainability initiatives and broader efforts, tune in to the show through the provided link. https://lnkd.in/dxwjC6aA

Business confidence at a 7 year high!!! 😊 Interesting announcement from Lloyds Bank this morning that indicates that business confidence is at a 7 year high. Personally, I’m not seeing that (yet) from the conversations I’m having with clients, but I feel that it might start coming in Q4. What are you seeing? Are you more confident in your business / the wider economy than you have been? #workingcapital #ukeconomy #ukbusiness

Discover how Lloyds Banking Group

🌐 Lloyds Bank trade insights: the new era of working capital management, a treasurer’s view ➡ The fact that more than half of the global population is set to go to the polls in 2024, adds a degree of legislative uncertainty to the already stark geopolitical tensions and environmental changes that our world is facing. 📊 In response to these challenges, a paradigm shift is occurring in how businesses approach their operations. It is no longer feasible for businesses to operate under the same assumptions and mental models that they did even five years ago. ✍ This Lloyds Bank report focuses on these changing economic conditions and their implications on working capital from a treasury perspective. 📖 Read the full article by clicking the link in the comment section ⬇ Lloyds Banking Group #supplyfinance #riskmanagement #capitalmanagement

Fantastic way to start the day with my branch partners and colleagues at RBC this morning. We discussed a series of seminars I wish to hold and how we can all work together for the benefit of helping our clients achieve real financial progress !! Looking forward to the next few months!! #mortgagespecialist #rbc

🚨 Lloyds Banking Group are an oily bank – they won't stop their flow of cash to new fossil fuels. They are one of the UK’s big 5 high-street banks and they’re falling short on what really matters when it comes to climate change. As the best of a bad bunch, Lloyds are hoping their customers and clients don’t notice that much like Barclays and HSBC, they are still financing these climate-wrecking companies. Lloyds could be the 1st major high-street bank to end finance to new oily operations. But instead, they continue to support the companies that are driving the climate crisis ❌ Learn more and take action: https://lnkd.in/eTjni68r

As a #protocol firm, our #collaborative environment, open architecture, robust product set, unparalleled client opportunities, and extensive technology resources are just a handful of ways we #support our Wealth Management Advisors at U.S. Bank. Strong leadership at the helm is another! #usbank #wealthmanagement #investmentadvisors #financialadvisors #usbancorpinvestments

In October 2008 the failure of Royal Bank of Scotland stunned UK taxpayers The government rushed to inject £45.5 Billion in equity capital to prevent a complete collapse of the historic and systemic bank. UK Voters, understandably outraged to be financing such a huge cost perceived to be lead by reckless decision making, were assured that a full enquiry by the UK Financial Service Authority (FSA) would be completed and published for the public. The FSA Report with the intriguing title "The Failure of the Royal Bank of Scotland" indeed dig into details and published their December 2011 report of 435 pages. Much has been reported on the RBS collapse, and I am not going to repeat it once again. Rather this is an extraordinarily expensive example of poor decision making, an "erroneous" assumption that "financial markets were inherently stable," and a ill advised takeover of rival bank ABN AMRO in April 2007 which "played a significant role in RBS's failure." In essence, the board decided to take a series of decisions that were based on information "clearly inadequate relative to the risks entailed." Unfortunately a very expensive case study in governance and strategy failures. Fast forward more than a decade and a half and it is clear that there are still many organizations testing the edges of risk, and often symptomatic of poor board governance. Why then and why now? As George Bernard Shaw observed "The single biggest problem in communication is the illusion that it has taken place." In discussions between #board members and management on #Strategy how effective are the conversations and the decision making processes applied to the Big Decisions about the future? What role is #governance playing in ensuring that balanced decisions are being taken for the long term sustainability of the organization? Ready for a Strategy that tests assumptions, opens up effective conversation between your board and management, and provides a proven framework for decision making? Contact Me. Strategy is Mastery. What are your reflections on the banking crisis during the GFC and rather more recently?

💡 Big news from HSBC's latest annual meeting‼️ The bank is saying goodbye to the bonus cap for top UK bankers. 📈 Bonuses for HSBC's UK bankers wont be stuck at twice their base salary anymore. With regulations allowing, they're set to see a more "appropriate cap". 🏦 As the UK's regulatory shackles from the EU loosen, banks like HSBC are looking to leverage the change to their advantage. It's more than just bigger payouts; it's about snagging top talent and maintaining a firm grip on the global banking stage. 🤔️ But let's talk impact. For HSBC, this could mean lower fixed pay costs and a tighter grip on recouping losses from any potential misconduct. It's a bold step, but with HSBC leading the charge, others like Lloyds and NatWest are already toeing the line. Barclays and Goldman Sachs? They're in the mix too. 🎓 So why does this matter to you? If you're in the industry, it's about understanding your worth and staying ahead of the talent curve. And if you're not, it's a peek into how major banks are adapting in a post-Brexit, competitive financial landscape. 💬 What's your take on this strategic shift? Share your insights below or get in touch to discuss the future of banking bonuses! #Banking #UKFinance #Reward #Remuneration #Compensation

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