Bank leaders are a disgrace to capitalism
Tuesday, 8 July 2008
The last sentence in his article in the FT on July 1 2008 , Luke Johnson says; “ The arrogance of certain of our top bankers is a disgrace to capitalism, while many of the board members of the Big Five appear to have been asleep at the wheel in the past couple of years.”
No pulling any punches there!
My point is whilst the points are valid, as an investor you have to ask so what? How does it affect me? At face value it may not appear to. Yet, the banks have overstepped the mark. They are looking for capital. They also need to increase revenue. This is where is affects you. You need to be on your guard with your savings and investments. The banks want to sell you profitable business for them. But profitable business for them is not necessarily profitable for you!
It is time for investors with portfolios with many of these big institutions, including the private banks and wealth management arms of these firms, to start reviewing their portfolios now. An independent review should be standard for all investors…an investment MOT!
Categories: Asset Class Management, Research
posted by Murray Round Wealth Management @ 12:56,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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