Monthly Archives: September 2013

15 Recent Bank Scandals That Show Just How Powerless You Really Are

Thought Catalog

1. In September 2013,JP Morgan Chase announced they will pay $970 million in fines to US and British regulators and made a rare admission of wrongdoing over action involved in last year’s “London Whale” trading scandal. Additionally, the Consumer Financial Protection Bureau announced that JPMorgan Chase and Chase Bank have agreed to pay refunds totaling $309 million to more than 2.1 million customers after the Office of Comptroller or Currency  “found that Chase engaged in unfair billing practices for certain credit card ‘add-on products’ by charging consumers for credit monitoring services that they did not receive.”

2. The LIBOR scandal came into focus last year when it was discovered that banks were allegedly falsely inflating or deflating their interest rates so in order to profit from trades, or to give the impression that they were more creditworthy than they actually were.The Libor is an average interest rate calculated through…

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Categories: Psychology | Leave a comment

Are You Leading?

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There’s a neat little post by Vineet Nayar over at HBR Blog Network worth checking out on The Differences Between Managers and Leaders. It’s a quick read covering three main differences:

1. Are you Counting Value or Creating Value?

2. Do you create Circles of Influence or Circles of Power?

3. Are you Leading People or Managing Work?

 

The topic of leadership v/s management is more prominent than ever. The old belief in these being two different terms for the same thing is outdated, unrealistic, and untrue. Most employees are looking for true leadership from their management. It’s up to us to lead the troops we have as best we can. Nayar’s example of Ghandi is excellent and I totally agree that we need more people in these positions that can offer leadership with vision and inspiration.

Well, what are you waiting for? Follow the link and read his post!

Categories: Psychology | Tags: , , | 2 Comments

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