Monday, April 6, 2009

7 deadly sins of banking

Voltron says: Loan losses of 3.5% may  not seem like much, but when you are leveraged 30:1, you're wiped out.

"The seven deadly sins of banking include greedy loan growth, gluttony of real estate, lust for high yields, sloth-like risk management, pride of low capital, envy of exotic fees, and anger of regulators," according to the author, Mike Mayo of CLSA.

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