There have been numerous reports of banks returning to profitability, even while almost all other businesses continue to struggle.
http://www.bbc.co.uk/news/business-12241178
http://www.dailytelegraph.com.au/news/national/treasury-plan-to-tax-the-banks-over-excess-profits/comments-e6freuzr-1225998321766
http://www.dailytelegraph.com.au/news/national/treasury-plan-to-tax-the-banks-over-excess-profits/comments-e6freuzr-1225998321766
Given what many believe to be a fact, that over the long-term financial returns relate directly risk. If banks are more profitable than other business, what hidden risks are they taking?
This is particularly surprising if we consider the outrageous amounts paid to senior bank management.
http://cnews.canoe.ca/CNEWS/World/2011/01/29/17080321.html
The banks have done the business. Made the profit, and most of that is decisions at senior level,
ReplyDeleteAnd so often if the decisions made make a loss, the bank gets bailed out!
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