Prosecuting bankers: Blind justice | The Economist

United Kingdom: stamp

United Kingdom: stamp (Photo credit: Sem Paradeiro)

This article in the Economist is well worth a read. Check it out!

via Prosecuting bankers: Blind justice | The Economist.

The article looks at why so few bankers have gone to jail for their part in the financial crisis. Despite the millions of people unemployed in the World, either directly or indirectly because of the financial meltdown, it seems that Governments, especially in the US and the UK have been soft on the bankers.

In the UK, should we be challenging David Cameron’s Government for going soft on the bankers? Is cronyism at work here?

What do you think?

United Kingdom

United Kingdom (Photo credit: stumayhew)

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Investment banking: reality check time – Lex- FT.com

Investment Banking Center Frankfurt, Emser Brücke

Investment Banking Center Frankfurt, Emser Brücke (Photo credit: Wikipedia)

This is a really interesting, short article from Lex at the FT. Check it out!

Investment banking: reality check time – FT.com.

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?