Tuesday, 4 September 2012

UK executives struggle with regulation

The other 4 week days are split equally between how to launder special customers money, and how to spend their own bonus.

It can't be they are worried about operations because in recent past the banks received lower cost of funding courtesy of the taxpayer / QE, and lent at higher rates to businesses and consumers.  I would say it is safe to assume that UK's global banks (which would presumably be worried about regulation such as ring-fencing investment and retailing banking) have managed pretty good total profits over the past two years.


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