This is a really interesting, short article from Lex at the FT. Check it out!
I agree with Lex, that investment banks should be exiting markets if they are not in the top three in any segment.
Personally, I also believe that investment banks should be independent of retail banking.
Actually, I further believe that there is enormous inefficiency and slack in both investment and retail banks and it is time for savage cost cutting. The problem with the Financial Services industry is that it’s incestuous – it is time to bring in top professional from other sectors to challenge the status quo.
What do you think?
- Barclays affair shows time to shear banks – FT.com (dralfoldman.com)
- Euro stumbles but stocks stable in thin trading – FT.com (dralfoldman.com)