• 17 Oct 2013 at 4:57 PM
  • Banks

Banking To Get ‘Boring,’ Less ‘Rock Star’-ish

Banking will no longer simply be full of small indignities: It will also be a crushing bore and less remunerative, to boot. Take it away, Bill Michael:

“Banking will become dull, and dull will be the new good. Bankers will no longer be the rock stars of the commercial world and banking will become staid and adrenaline-free.

“As global banks reconfigure and become more country focused, stable returns will be demanded by investors. Volatile earnings will signal that a bank hasn’t finished adapting.

“The ‘dullness’ of banks will drive culture and behaviour, not the other way around.”

KPMG: ‘Banks’ Dullness Will Drive Culture’ [WSJ MoneyBeat blog]
Goldman Sachs Compensation Ratio Drops [WSJ MoneyBeat blog]

8 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (8)

  1. Posted by Your BFF's Brah | October 17, 2013 at 5:09 PM

    So banking is to become more "Jon Shazar"?

  2. Posted by Oxon | October 17, 2013 at 6:10 PM

    So boring is the new sexy?

  3. Posted by guest | October 17, 2013 at 6:24 PM

    Boring is the new black.

    -pinky boner

  4. Posted by Jay Z's Accountant | October 17, 2013 at 7:11 PM

    So making money, clubbing and houses in the Hamptons are going to be dead as Disco?

  5. Posted by captainned | October 17, 2013 at 7:54 PM

    As a bank regulator, this is my fondest wish. Bankers getting "creative" make my head hurt.

  6. Posted by Ruck You | October 17, 2013 at 8:36 PM

    Wait, my job is currently exciting and rockstar-like?

    -Everyone in finance other than the huge douches who think their jobs in finance are exciting and rockstar-like.

  7. Posted by Rip Torn | October 17, 2013 at 8:44 PM

    Ah, finance. Making nerds feel cool since 1995?

  8. Posted by Funkin GoNuts | October 19, 2013 at 4:43 PM

    It's been boring for a few years now. Glad I got in decades ago when things were still fun around here in finance.