Monday, 19 October 2009

Banking culture

I was angry when I heard about the moves by Lloyds Banking Group to undermine the integrity of the Lloyds TSB foundation. The Lloyds TSB foundation was never about the money. They created real relationships with those they funded. They supported those involved in projects so that money given was better spent. Most importantly they understood that in the fragile places where much of their money went, the change hoped for and the change achieved was not always the same thing, but that was not a sign of failure. It is however, a sign of failure by those at the heart of banking to fail to change their culture as they promised.

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