Summary of The Good Bank

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

The Good Bank summary
Start getting smarter:
or see our plans

Rating

8 Overall

9 Importance

7 Innovation

9 Style


Recommendation

To identify the essential characteristics of a “good bank,” the Economist Intelligence Unit (EIU) instigated an online debate among the world’s top financial mavens to elicit their viewpoints. This report – presented by EIU senior editor Dan Armstrong – reduces the definition of a good bank to three simple attributes: “effectiveness, trustworthiness and innovation.” getAbstract recommends this pertinent analysis to banking chiefs and policy makers responsible for evading future crises and rebuilding public trust in the banking system.

In this summary, you will learn

  • Why many people have lost confidence in the banking sector,
  • What three factors define a “good bank” and
  • Why banks need to shift their focus to the customer.
 

About the Author

Dan Armstrong is a senior editor at the Economist Intelligence Unit.

 

Summary

The recent global financial crisis dented the public’s confidence in the financial sector. Though the industry has done much to mend its ills, further reforms are necessary to recoup trust. Via an online survey, the Economist Intelligence Unit identified the three basic qualities of a “good bank”: “...

More on this topic

Customers who read this summary also read

Staying the Course in Banking
Staying the Course in Banking
7
How Deutsche Bank Made a $462 Million Loss Disappear
How Deutsche Bank Made a $462 Million Loss Disappear
8
Enhancing the Strategic Potential of Treasury
Enhancing the Strategic Potential of Treasury
7
Accelerating Bionic Transformation
Accelerating Bionic Transformation
7
How Pricing Can Solve European Banking’s Earnings Crisis
How Pricing Can Solve European Banking’s Earnings Crisis
8
When Money Can No Longer Travel
When Money Can No Longer Travel
8

Related Channels

Comment on this summary