Strange Bedfellows

Banks, Meet Your Sports Team Soulmates

Uri Friedman 24 Views Dec 23, 2010

When we mix banks and sports teams, it tends to be in reference to sporting venues: Citi Field, Citizens Bank Park, Bank of America Stadium.

But what if banks really were sports teams? The comparison is not as far-fetched as you may think. After all, we often choose our banks and our sports teams based on where we grew up or where we live, and then pour money into the ones we've chosen.

Over at Business Insider, Katya Wachtel and Adam Fusfeld play matchmaker:

  • JP Morgan and the New Orleans Saints: JP Morgan "has a reputation for being one of the best behaved, most compliant banks" and, relative to other bank CEOs, people like Jamie Dimon. Similarly, the Saints are a "scandal-less team that is the darling of football" after last year's post-Katrina Super Bowl win. Quarterback Drew Brees is the "mancrush of every sportswriter in America."
  • Bank of America and the Dallas Cowboys: Bank of America, the biggest bank in the U.S. by assets, is constantly beset by scandals; the Cowboys, owned by the controversy-prone Jerry Jones, are the most valuable franchise in the country according to Forbes. And who can ignore the connection between America's bank and "America's team?"
  • Credit Suisse and the Tampa Bay Rays: Credit  "was praised for being one of the few major international banks to weather the financial crisis without any direct government support," just as the Rays have managed to compete and even make the World Series while spending considerably less than their deep-pocketed rivals, the Yankees and the Red Sox. Oh, and both organizations recently launched re-branding efforts.
  • Goldman Sachs and the New York Yankees: Goldman is "the most successful securities firm in history" and "the envy of all other banks," while the Yankees claim the most championships in American professional sports. Both New York-based organizations are "constantly under a media and public scrutiny to the point of obsession." What's more, you'll often find employees of both wearing pinstripes.

You can find all the happy couples--along with disturbing photos that superimpose the heads of bank chiefs on the bodies of athletes--here.

Want to add to this story? Let us know in comments or send an email to the author at ufriedman at theatlantic dot com. You can share ideas for stories on the Open Wire.

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