According to the Telegraph’s Harry Wilson, Large banks risk
getting caught in "perpetual" cycle of bankruptcy like aerospace
companies and carmakers unless they radically alter the way they do business,
according to a leading industry consultant.
Alix Partners, one of the most influential advisers to
senior banking executives, warns that global investment banks must tackle
head-on issues such as bonuses and their addiction to the "steroids"
of debt-fueled growth.
"Just look at the auto manufacturing and commercial
aviation industries, where over the past two decades, changes in regulatory and
operating environments combined to render formerly solid businesses into
perpetual wards of the bankruptcy court," said the consultants…..
Read more:
http://www.businessinsider.com/the-biggest-banks-are-risking-an-endless-cycle-of-bankruptcy-2012-12#ixzz2GYg9SAjk
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