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Introduction

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The Lost Art of Banking

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Abstract

This chapter introduces the book by questioning the identity of the contemporary banker. Returning to the beginning of the research period of the 1960s–2000s, this chapter explores the many social and economic changes in Ireland and globally that have influenced the changing nature of work. Drawing on the theoretical explorations that are used later in the book, a brief overview is provided on how the world of bank work has become transformed and how this has influenced the culture that is now present in banking.

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Notes

  1. 1.

    For recordings and transcripts of the ‘Anglo tapes’ see https://www.independent.ie/business/irish/anglo/; http://www.passionforliberty.com/2013/09/22/anglo-irish-bank-tapes-the-transcripts/

  2. 2.

    Note: net was €43 billion; for more details see http://www.broadsheet.ie/2015/10/05/the-cost-of-the-bailout/

  3. 3.

    Niamh M. Brennan, John P. Conroy, (2013) “Executive hubris: the case of a bank CEO”, Accounting, Auditing & Accountability Journal, Vol. 26 Issue: 2, pp. 172–195.

  4. 4.

    http://www.theguardian.com/business/2015/sep/30/how-the-banks-ignored-lessons-of-crash

  5. 5.

    See for example: Nyberg, P., 2011. Misjudging Risk: Causes of the Systematic Banking Crisis in Ireland. http://www.bankinginquiry.gov.ie/

  6. 6.

    See for example: Regini, M., Kitay, J. and Baethge, M. (1999). From Tellers to Sellers. MIT Press; Smit, J. (2009). The Perfect Prey. Quercus.

  7. 7.

    Regini, M., Kitay, J. and Baethge, M. (1999). From Tellers to Sellers. MIT Press, p. vii.

  8. 8.

    See works by David Boje including: Boje, D, 2011. Storytelling and the Future of Organizations: An Ante-narrative Handbook. London: Routledge.

  9. 9.

    For grand narratives, see Lyotard, J. F. The Postmodern Condition: A report on knowledge and The Postmodern Explained: Correspondence 1982–1985. For an explanation of localised grand-narratives, see Boje, D, 2001. Narrative Methods for Organizational & Communication Research. London: Sage.

  10. 10.

    Michel Foucault uses this technique in his historical investigations; for more see Discipline and Punish (1991, Penguin Books) for his analysis on the rise of prisons as a form of power and control.

  11. 11.

    Fama, E., 1985. What’s Different about Banks?. Journal of Monetary Economics.

  12. 12.

    There are many documents describing these events; of interest are: Smit, J., 2009. The Perfect Prey. London: Quercus; Darling, A, 2011. Back from the Brink. London: Atlantic Books.

  13. 13.

    See for example: Boltanski, L. & Chiapello, E., 2005. The New Spirit of Capitalism. London: Verso; LeGoff, J-P., 2002. Modernization and Gentle Barbarism. Diogenes, 49(195), pp. 41–46.

  14. 14.

    Boltanski, L. & Chiapello, E., 2005. The New Spirit of Capitalism. London: Verso.

  15. 15.

    Arthur, M. B., 1994. The boundaryless Career: A new perspective for organizational inquiry. Journal of Organizational Behaviour, pp. 295–306.

  16. 16.

    As contemplated by Harold Wilensky in his 1964 paper, The professionalization of everyone?

  17. 17.

    As argued by Julia Evetts in her 2003 paper The sociological analysis of professionalism: Occupational change in the modern world.

  18. 18.

    William Evan in his contribution to ‘The Human Shape of Work’ (Berger 1964) noted how the easily recognisable job titles, such as technician, had become narrowed down to reflect the exact nature of work which were often difficult to decipher.

  19. 19.

    See works by Emile Durkheim. Suicide: A sociological study; The division of labour in society.

  20. 20.

    As observed by Oili-Helena Ylijoki, 2005, Academic nostalgia: A narrative approach to academic work. Human Relations, 58(5), pp. 555–576.

  21. 21.

    Kundera, M., 1978 (1996) ‘The book of laughter and forgetting’. New York: Harper Collins.

  22. 22.

    Galbraith, J. K., 1954 (2009). The Great Crash. New York: Penguin Books, pp. 69–72.

  23. 23.

    Dietz, M., Vinayak, H. V., Lee, G., 2016. www.mckinsey.com/industries/financial-services/our-insights/bracing-for-seven-critical-changes-as-fintech-matures

  24. 24.

    Kevin Dowd; No Stress II: The flaws in Bank of England’s stress testing programme’. https://www.adamsmith.org/research/no-stress-ii-the-flaws-in-the-bank-of-englands-stress-testing-programme

  25. 25.

    Fama (1985).

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  1. Waterford Institute of Technology, Waterford, Ireland

    Aisling Tuite

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Tuite, A. (2019). Introduction. In: The Lost Art of Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-030-12199-0_1

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  • DOI: https://doi.org/10.1007/978-3-030-12199-0_1

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  • Publisher Name: Palgrave Pivot, Cham

  • Print ISBN: 978-3-030-12198-3

  • Online ISBN: 978-3-030-12199-0

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