How Far Can You Rely On Your Bank?
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  Running Time: 8:57 Date: 01/02/2013 Be realistic about your bank: you can't be sure they'll prop you up if you run into trouble. We all aspire to having a good relationship with our bank, in the hope that - if things turn bad - they'll help us weather the storm and get back on our feet. But that's unrealistic says Neil Slonim, a veteran of the banking industry himself and now - as The Bank Doctor - an adviser to those who find themselves in difficulty. Neil reminds us that the banks' first responsibility is to their depositors and shareholders and your custom - while welcome as your business and your accounts expand - is less valuable if they can't see themselves getting their money back. It's a risk management issue, not a partnership. That's not to say you can't have a strong and useful relationship with your bank - just that it needs to be grounded in reality. Topics: Business Growth, Financial Management, Management |
 Neil Slonim, The Bank Doctor |