Bankers versus Governments -Bonuses etc
So can the major governments dictate to the banks on how to reward their staff and waht businesses they should be in? I doubt it very much. If the banks don’t generate profits from astute investment skills, then governments lose tax revenues, businesses cannot borrow money and the economy stagnates or continues to flounder. Leave the banks to do what they do best. By all means banks should learn the principles of sound lending, but apart from that all this rhetoric, particularly in the UK, where the parties are canvassing your vote in the impending election, the banks are being used as the scapegoat for government failings.
Comments please
As traffic increases to my site, I am a little disappointed that no-one is adding any comments. Maybe there is little interest in financial services in Spain at present. Everybody is being affected by the recession, the UK is apparently coming out of recession and the banks appear to be lending more on mortgages, if you believe the British Press today
UK Financial Institution staff more concerned about the Ashes??
I wonder whether many people in the City and all over the country in banks and finance houses have one eye on the most important event of the week. The deciding final test at the Oval. To see the score, if you haven’t got it on your screen already go to this BBC link which will be updated daily
