Lost art of banking : a genealogical analysis of the banking crisis and bank rehabilitation / by Aisling Tuite.
Tuite, Aisling, author.
2019
HG3000.3.A6 T85 2019
Available Online

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Title Lost art of banking : a genealogical analysis of the banking crisis and bank rehabilitation / by Aisling Tuite.
Author Tuite, Aisling, author.
ISBN 9783030121990 (electronic book)
3030121992 (electronic book)
3030121984
9783030121983
DOI https://doi.org/10.1007/978-3-030-12199-0
Published Cham : Springer International Publishing : Imprint : Palgrave Pivot, 2019.
Language English
Description 1 online resource (xv, 136 pages) : illustrations.
Other Standard Identifiers 10.1007/978-3-030-12199-0 doi
Call Number HG3000.3.A6 T85 2019
Dewey Decimal Classification 332.1
Summary This Palgrave Pivot explores the recent financial crisis from a new perspective. Reflecting on 40 years of banking experiences, the book will open new avenues to understanding banking and comment on possible ways to rehabilitate banking organisations. In 1965 the Bank of Ireland received a consultancy report from McKinsey & Company, which heralded a new phase in banking practice and organisation. In the years that followed, the Bank of Ireland opened up its once traditional culture to outside influences changing the way work was done and workers were viewed. Direct competition was introduced alongside specialisation of roles, and hence college education was identified as the way to meet demands of the market and bankers began to develop a full suite of products to keep customers loyal. The once professional bank manager who was a guardian of good practice eventually became absorbed into the needs of the leviathan organisation. The end result is an unimaginable and interlinked financial crisis in 2008 that swept across Ireland and the globe. This book explores banking organisation and practice as it transforms and across the period from 1960 to 2018. It argues that organisational goals over individual responsibility paved the pathway towards crisis. Organisationally, anxiety and fear of failure took the place of certainty and stability. While the financial crisis is coming to an end, banking organisations remains fragile and prone to influences that may lead them towards a path of continuous cycles of boom and bust. Such a state has the potential to create an unending cycle of boom and bust and the end of stability and the institution of banking. This book shines a light on that and will be of interest to banking and finance researchers, students, and practitioners.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Series Palgrave Macmillan studies in banking and financial institutions.
Available in Other Form Print version: 9783030121983
Linked Resources Online Access
Record Appears in Online Resources > Ebooks
All Resources
1. Introduction
2. Making the Break
3. An Era of Transformation in the Banking Industry
4. The Modern Bank Workers
5. Transformations of Care and Community
6. On Memories and Rehabilitation.

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