What are the 7 C's of banking?

What are the 7 Ps of banking?

Banking... yeah. It's more than just money, isn't it? Seven things... right, seven.

• Product. Banks sell safety, I guess. Peace of mind, maybe. It's not like a tangible thing, is it?

• Price. Interest rates, fees... the cost of trusting them. It all feels like a gamble, sometimes.

• Place. Branches closing down... everything's online now. Where do you even go to feel secure anymore?

• Promotion. Always smiling faces, promising futures. I wonder if they even believe it themselves.

• People. Tellers, advisors... robots taking over. I used to know my bank manager's name. Now? Forget it.

• Physical Evidence. Statements, websites, apps... proof that it's all real. Feels so fragile, though.

• Process. Endless forms, automated calls... just trying to get something simple done. Is it me, or does it feel designed to frustrate?

What are the 7s of better banking?

Seven Ss for banking betterment? Oh, McKinsey's at it again! It's not quite the Magnificent Seven, is it?

Here's their take on PTA Bank's quest for glory:

• Strategy: The grand plan. Like planning a bank heist, but, you know, legal. My grandma has a better strategy.

• Structure: The org chart. Who reports to whom? Like a family tree, if your family was obsessed with spreadsheets.

• Systems: The tech. The software. The reason you yell at your computer daily.

• Shared Values: The corporate mantras. Usually plastered on walls. "Integrity! Innovation!" Yawn. My cat has better values.

• Skills: The employee talents. Or lack thereof. Depends on who you ask, really.

• Style: Leadership. Do they lead like emperors or friendly dogs? Both have their moments, I guess.

• Staff: The human capital. Or, as I call them, the reason coffee exists.

The real kicker? McKinsey thinks these seven things objectively affect the "organizational success." As if success can be boiled down to a checklist. Hilarious!

Bonus Thought: It's not just about having these Ss. It's how well they align. Like a band where the drummer thinks he's a guitarist. Chaos ensues.

What are the 5 Cs of banking?

Ugh, remember that loan application last year? For my bakery, "Sweet Surrender," in Denver. It was August, sweltering hot. I was sweating bullets, seriously. The bank guy, this really serious type, went through this checklist, these five Cs things.

Character? He looked at my credit score, my business history – seven years running Sweet Surrender, never missed a payment. He seemed impressed, thankfully.

Capacity? This part was nerve-wracking. He wanted all my financials – profit and loss statements, cash flow projections for the next three years. I practically lived in my accountant's office for a week. It was exhausting!

Capital? He looked at my personal savings, my business accounts, the whole nine yards. It all felt so incredibly personal. I felt exposed.

Then conditions. The market, the economy. The general business climate. He talked about inflation, supply chain issues. Ugh, so much doom and gloom. I barely understood half of it. He made it sound really scary, but I got through it.

And finally, collateral. My oven, my mixers, the whole bakery equipment. Felt like he wanted to take it all. It was my baby! My life's work!

The whole process was a marathon, not a sprint. I felt like I had to defend myself against an interrogation. I almost gave up halfway through, so much paperwork. But then, I got approved! Best feeling ever.

• Character: Credit history, business reputation. Seven years in business with a spotless record.
• Capacity: Financial statements, ability to repay. Three-year projections were brutal.
• Capital: Personal and business assets. Felt very intrusive, like a complete audit.
• Conditions: Economic outlook, market trends. 2023 inflation was a major factor.
• Collateral: Assets pledged to secure the loan. My bakery equipment. Scared me to death.

What are the 4 pillars of banking?

The digital-first... platform. Yeah. It rests on pillars. Four of them.

• Omni-channel banking... Always there. Like that old corner store. Remember Mrs. Henderson? She knew everyone. Banking's gotta be like that. Everywhere. Phone, app, whatever. You expect it. I expect it.

• Smart banking... Ironic, isn't it? Machines being smart. Smarter than me, some days. It's about data, they say. Predicting what I need before I even know. Creepy, but useful. I guess.

• Modular banking. Like Lego blocks. Everything separate. Easy to change. Easy to add. Except it's about money. And that feels... fragile.

• Open banking. Sharing data. With others. My data. Trust is a big thing, and I'm not sure I trust it. Seems like a good idea, theoretically. But... yeah.

Mrs. Henderson wouldn't have shared your business with everyone. Those were simpler times.

What are the 7S of marketing?

Ugh, marketing school. 2024. Professor Thompson, this total bore, droned on about the seven Ps. I doodled the whole time, honestly. Remember that weird beige carpet in that lecture hall? Anyway, he hammered these points into our heads:

• Product: Duh. What you're selling. It better be good.

• Price: How much you charge. Too high, nobody buys. Too low, you look cheap. Find the sweet spot.

• Place: Where people get it. Online? Store? Farmers market? That's critical. I almost fell asleep thinking about distribution channels.

• Promotion: Advertising. Social media. The whole shebang. Get the word out! I totally spaced out during that part.

• People: Your team. Customer service. They matter. Amazing customer service can make or break your business. Fact.

• Process: How you deliver your product or service. Streamlined or a disaster? Smooth process is essential. Mine was pretty smooth.

• Physical Evidence: Your brand image. Website, packaging, store layout. The whole vibe. I got an A in that class though.

So yeah, those are the seven Ps. Professor Thompson's notes are in my messy notebook somewhere...Probably buried under coffee stains and half-eaten granola bars.

Which of the 5 Cs refers to how the loan will be repaid?

Capacity, duh! It's all about proving you aren't gonna skip town, owing them money. Like trying to explain to your grandma why you need a loan for a jetpack.

It's basically a lender playing detective, trying to figure out if your business plan is more "brilliant" or "bonkers". They're obsessed with cash flow, payment schedules, and, you know, whether you'll actually pay them back.

Think of it as them sizing up your piggy bank. Will it overflow with cash, or just have a few dust bunnies and a forgotten penny?

Here's the lowdown on how lenders assess your Capacity, AKA "Will You Pay Us Back, Seriously?":

• Cash Flow: Is the biz spewing out dough like a broken ATM or more like a leaky faucet? They want to see consistent income, not just a lucky lottery win.
• Repayment Schedule: How are you planning to chip away at that debt, huh? Are you thinking small payments over forever, or are you planning a quick takedown of that loan?
• Repayment Probability: Will your biz survive the next TikTok trend or economic hiccup? It's all about the odds, baby! Are we looking at a sure thing, or a total gamble?

My ex tried to convince a bank his 'art' (it was questionable) would repay his loan. Didn't work, surprise!

What are the 4 elements of strategy?

Okay, strategy. Ugh. Makes me think of that time...

It was last summer, July, sweltering heat in my tiny apartment in Brooklyn. I was trying to launch my online store selling, like, vintage cat sweaters. Total failure.

I had this "vision" of being a cat sweater mogul.

• Vision: World domination via feline knitwear. Obviously kidding, but kinda serious?
• Objective: Sell 100 sweaters in a month. Laughable now.

My "resource allocation" was basically maxing out my credit card. I had, like, zero skills.

Prioritization? Okay.

• Taking good photos (fail).
• Learning SEO (bigger fail).
• Actually, knitting sweaters (epic fail, I outsourced, duh).

I ended up with like, five sales. Five. I was so bad. I learned this. Strategy is more than some high-falutin' words. It's the hard reality of cats in sweaters, it turns out. Should’ve focused on catnip sales. Way easier. Or something.

Here is some extra information for clarity:

• I have never been a cat sweater mogul.
• I learned some valuable lessons about starting a business.
• My business didn’t work out, but now I’m ready to get a new job.

What are the 7 types of risk in bank of America?

Bank of America's Risk Appetite: Seven Key Areas

• Strategic Risk: Ambitious goals, execution failures. My experience? Costly.

• Credit Risk: Loan defaults. 2023 saw a slight uptick, concerning.

• Market Risk: Volatility bites. Interest rate hikes, a real problem.

• Liquidity Risk: Cash flow issues. Always a threat. Needs constant vigilance.

• Operational Risk: Internal failures. Cybersecurity breaches cost millions. Data loss too.

• Compliance Risk: Regulatory breaches. Penalties are brutal. Know the rules, follow them.

• Reputational Risk: Negative publicity. Public trust is fragile, easily shattered. Damage control is expensive.

GRM's role? Overseeing it all. Failure isn't an option.