Bill Streeter, The Financial Brand, May 9, 2019
Nation’s biggest bank sets off a Twitter explosion with an edgy motivation tweet, suggesting people make their own coffee to save money. A few people supported the bank, but it was a rough week as the media and politicians piled on. What can other financial institutions learn from this social media nightmare? Some pointed advice from bank marketing experts.
Reputation and crisis-management consultant Davia Temin put it a little more bluntly in response to questions from The Financial Brand: “This was a case of a big bank being targeted and used to make a political point. Politicians pounced on a Chase marketing tweet that was a little Millennial, but essentially harmless.”
“I think the tone for financial institutions — and all of us — needs to be inspirational, aspirational, kind and witty. It’s the best way, and also much harder to attack. I might have suggested a Twitter response that was both light and serious, like this: ‘We clearly must not have had our morning coffee today — we are so sorry, and never meant to offend anyone with our morning tweet. Our goal was only to help suggest ways we can all save on the small things in order to reach big dreams’.” […read more]