OK so now I am just another bod harping on about Bank bonuses.
But what really concerns me is Banking practices and if anyone has done any in depth research into them.
Whatever the cause of our recent banking crisis, I think that most of us will agree, the “credit crunch” was the direct result of non-existent funds; or a hole in the balance sheets of several global money institutions.
Hopefully we all also agree with adage “turnover is vanity, profits are sanity”.
So at a time when interest rates are so low and I don’t not know of any money apparatus that is able to deliver significant returns on capital; is it just I who hears alarm bells ringing when I read of overall banking remuneration being 30-40% of revenue.
I feel that either the banks are serving their clients exceedingly poorly or else they are rapidly building the next banking crisis out of absent profits.
Perhaps someone might be able to investigate if this is a case of the emperors new clothes, where it is us, the general public that is being fleeced?





