Examining the 2023 banking crisis propelled by the collapse of Credit Suisse and Silicon Valley Bank reflects similar stories of poor leadership and judgment, leading to one of the worst collapses in modern banking history since the 2008 financial crisis. Could the be-all and end-all of prioritizing profits be the bane of the banking sector, where that very culture undermines the importance of honesty and credibility?
That reputation is cursory is a fact. Even the oldest institutions in the business world are not foolproof. Despite good standing, they digress and err. The most trusted institutions people choose to safeguard their money may be their nemesis. The recent banking sector collapses brought two big economies to their knees. The uncertainty and exposures highlighted by these collapses demonstrated a culture of financial impunity with which banks operate even under the regulatory radar.
هذه القصة مأخوذة من طبعة June 2023 من Business Today Sri Lanka.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 2023 من Business Today Sri Lanka.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
DFCC Bank and Mintpay Forge Ahead with an Innovative Partnership
DFCC Bank has forged a strategic alliance with Mintpay.
HNB and 3DH Building Solutions Collaborate
HNB entered into a fresh agreement with 3DH Building Solutions to promote and offer financing solutions for FMT Generators and GLARIE elevators.
PLC Al-Safa - Shariah-Compliant Finance Expanding Nationwide
Since 2005, People’s Leasing & Finance PLC (PLC) AlSafa Unit has served as Sri Lanka’s full-service nonbanking Islamic finance provider.
People's Bank Spearheads a Digital Revolution
As part of its comprehensive digitalization strategy, People’s Bank has introduced a range of innovative solutions focused on enhancing accessibility and convenience for customers nationwide.
HNB Partners with Micro Cars for Vehicle Offers
HNB entered a strategic partnership with Micro Cars to offer unparalleled benefits and offers to customers intending to purchase vehicles from Micro Cars.
HNB Honored at BCCSA 2023
HNB has once again been honored at Ceylon Chamber of Commerce Best Corporate Citizen Sustainability Awards 2023, solidifying their position as one of the nation’s leaders in sustainability, good governance, and corporate excellence.
People's Bank and EDB Forge Strategic Alliance to Boost Sri Lanka's Export Sector
The Sri Lanka Export Development Board (SLEDB) and People’s Bank have formed a strategic partnership by signing a Memorandum of Understanding (MOU).
People's Bank Re-Launches SPARK: Entrepreneurial Development Program to Boost Sri Lankan SMEs
People’s Bank is excited to announce the re-launch of its SPARK Entrepreneurial Development Program, aimed at bolstering young entrepreneurs and supporting the growth of small and medium enterprises (SMEs) throughout Sri Lanka.
HNB Recognized for Digital Payment Innovation at LankaPay Technnovation Awards 2024
HNB was awarded three accolades at the LankaPay Technnovation Awards 2024.
HNB Appoints Sanjay Wijemanne as its New Chief Operating Officer
Hatton National Bank has appointed Sanjay Wijemanne as the bank’s new Chief Operating Officer (COO) with effect from April 26, 2024.