Stumbling Giants : Transforming Canada's Banks for the Information Age

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Title: Stumbling Giants : Transforming Canada's Banks for the Information Age
Description: Winner of the 2018 Donner Prize for the Best Public Policy Book by Canadian authors, Stumbling Giants by Patricia Meredith and James L. Darroch presents a compelling new vision of the Canadian banking industry in which stakeholders work together to propel the country's banking system into the twenty-first century. Canada's big six banks survived the 2008 financial crisis by adhering to traditional banking practices, which made them a safe harbour amidst the turmoil. With banks earning 40 per cent return on equity from practices such as in-person retail banking, pressure from investors with short-term interests continues to discourage technological innovation and adaptation. However, today's global information economy has transformed the financial lives of individuals and companies alike. Meredith and Darroch argue that Canadian banks refuse to address the disruptive info-tech changes that ultimately threaten their very existence. The authors also set forth a cohesive set of recommendations to prepare the nation's banks for the challenges and opportunities offered by the digital age. This call to action for the Canadian banking will resonate with financial sector managers, policy makers, and, above all, general readers.
Authors: Patricia Meredith, James L. Darroch
Resource Type: eBook.
Subjects: Financial services industry--Technological innovations--Canada, Banks and banking--Technological innovations--Canada
Categories: BUSINESS & ECONOMICS / General, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Strategic Planning
Database: eBook Collection (EBSCOhost)
FullText Links:
  – Type: ebook-pdf
  – Type: ebook-epub
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  Availability: 0
Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 1620116
RelevancyScore: 1077
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 1077.00524902344
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  Data: Stumbling Giants : Transforming Canada's Banks for the Information Age
– Name: Abstract
  Label: Description
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  Data: Winner of the 2018 Donner Prize for the Best Public Policy Book by Canadian authors, Stumbling Giants by Patricia Meredith and James L. Darroch presents a compelling new vision of the Canadian banking industry in which stakeholders work together to propel the country's banking system into the twenty-first century. Canada's big six banks survived the 2008 financial crisis by adhering to traditional banking practices, which made them a safe harbour amidst the turmoil. With banks earning 40 per cent return on equity from practices such as in-person retail banking, pressure from investors with short-term interests continues to discourage technological innovation and adaptation. However, today's global information economy has transformed the financial lives of individuals and companies alike. Meredith and Darroch argue that Canadian banks refuse to address the disruptive info-tech changes that ultimately threaten their very existence. The authors also set forth a cohesive set of recommendations to prepare the nation's banks for the challenges and opportunities offered by the digital age. This call to action for the Canadian banking will resonate with financial sector managers, policy makers, and, above all, general readers.
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  Data: <searchLink fieldCode="AR" term="%22Patricia+Meredith%22">Patricia Meredith</searchLink><br /><searchLink fieldCode="AR" term="%22James+L%2E+Darroch%22">James L. Darroch</searchLink>
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  Data: eBook.
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  Data: <searchLink fieldCode="DE" term="%22Financial+services+industry--Technological+innovations--Canada%22">Financial services industry--Technological innovations--Canada</searchLink><br /><searchLink fieldCode="DE" term="%22Banks+and+banking--Technological+innovations--Canada%22">Banks and banking--Technological innovations--Canada</searchLink>
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RecordInfo BibRecord:
  BibEntity:
    Classifications:
      – Code: 332.120971
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Financial services industry--Technological innovations--Canada
        Type: general
      – SubjectFull: Banks and banking--Technological innovations--Canada
        Type: general
    Titles:
      – TitleFull: Stumbling Giants : Transforming Canada's Banks for the Information Age
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Patricia Meredith
      – PersonEntity:
          Name:
            NameFull: James L. Darroch
      – PersonEntity:
          Name:
            NameFull: Patricia Meredith
      – PersonEntity:
          Name:
            NameFull: James L. Darroch
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2017
            – D: 27
              M: 10
              Type: profile
              Y: 2017
          Identifiers:
            – Type: isbn-print
              Value: 9781442649514
            – Type: isbn-electronic
              Value: 9781442620438
            – Type: isbn-electronic
              Value: 9781442620445
          Titles:
            – TitleFull: Stumbling Giants : Transforming Canada's Banks for the Information Age
              Type: main
ResultId 1