Archive for April 6th, 2009

Is big bank complexity irreversible? The McKinsey heresy

In the article “Some banks have become too complex to manage”, I say that simplicity is the essence of good banking and describe the management structure of Citibank in 1956, when that institution was known for financial stability and prudent banking. I also suggest that Citicorp today no longer resembles Citibank of the 1950s and has […]

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