The last time American finance was operating in a high-inflation, high-interest rate environment, like the current economy, was nearly 40 years ago. That means most current executives, who came up in the era of easy money, are unfamiliar with the complexities of running a bank under today’s conditions. As the top brass at financial institutions start to accept that interest rates will likely be higher for longer, they’re scrambling to find leaders with the skills to succeed in such an unpredictable environment. Some CEOs are deciding that they need to make drastic, expensive and often unpopular institutional changes to help them keep up. Read the full story at https://lnkd.in/eGpj29zs #bankingindustry #markets #future
this is a reality, and very true, new to this generation. I believe we're about to witness drastic changes, would you agree Graeme Harker?
I agree. 40 years ago (even 15 for the 2008 crisis) it was much more difficult for consumers / businesses to move their money also. The emergence of social media, instant payments & mobile banking are all making liquidity & treasury management a very active sport! Balance sheet management will be critical in the current horizon.
This article highlights the importance of forward-thinking leadership and strategic planning in navigating today's unpredictable financial landscape.
Interesting article and challenging times with these top CEO departuress. How are the.new ones going to address these challenges?
It can’t be denied it’s a scary time for everyone with the economy as it is.
Reading this one now Graeme Harker. I’d have thought economists run scenario modelling and decisioning to drive the desired outcomes with leaders alongside. 🤔
Interesting article Graeme just goes to show the importance of adaptability
It's fascinating to see how the current economic climate is challenging the traditional practices of the banking industry. Adapting to higher interest rates and finding leaders who can navigate this new environment will be crucial for success Graeme
A really interesting point it made here. Most current leaders are used to the money flowing.
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1yAre they appointing older leaders now?