ML-Implode News - Career Bankers Alone Can't Solve the Financial Industry's Problems

The permanent crisis in banking is an outgrowth of this, a man-made disaster created by individuals who have gotten completely carried away by the perceived value of specialist expertise. The damage from this myopic approach is not just reputational but also economic, given the critical role the financial system plays in enabling growth, investment, job creation, and wealth.
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As individuals and as a society, we cannot afford to be as prone to the perils of depth as we have been, especially in our financial institutions. The populist climate in our politics, combined with the lack of public trust in financial institutions, will only grow unless banks adopt a different approach. A good place to start is by investing in broad experience and rebalancing the ranks on Wall Street with far-reaching and wide-ranging professional attainment that can help us value preeminence over depth.

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Career Bankers Alone Can't Solve the Financial Industry's Problems