Royal Bank of Scotland | Mahony Partners

Stephen Hester is No Bob Diamond

The Royal Bank of Scotland Group is reportedly in negotiations with regulators to settle charges the bank manipulated Libor. It would follow a similar settlement with Barclays just weeks ago, which ultimately led to the ouster of its CEO, Bob Diamond. But RBS chief executive Stephen Hester is no Bob Diamond.

Does culture matter?

Crisis , Financial Services , Taking & Managing Risk

There’s long been a debate about whether a company’s culture makes any difference in how it performs. Culture often is derided as the “soft stuff” that is nice to have but not really essential to a company’s success. Indeed, Sandy Weill once famously quipped that culture was “something they put in yogurt.” (Of course, we […]