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.
Full story:
http://www.thestreet.com/print/story/10482677.html
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1yCkrhVtOks&refer=worldwide
No comments:
Post a Comment