Tag Archives: Greediness
Do we need any behavioural changes in banks?
The thought for this topic was provided by Ross McEvan, Chief Executive of Royal Bank of Scotland.
Ross McEvan said in a commentary to UK’s Guardian newspaper “We need to change our behaviour at every level to reflect this simple truth.”
This...
Foreign Exchange Dealing Operations
If you buy a Binny Silk Saree for your wife (or girl friend!) at T.Nagar Chennai Nalli Silks, you will naturally want to pay for it with Indian Rupees and the Nalli Silks will want to be paid in Rupees because he pays all his bills with Rupees.
Likewise,...
Self Regulation is the Best Pill for all Ills of the Banking Industry
Volcker, Vicker or combined global regulations, one may aspire for any or many, but nothing will work when the banks themselves want to fail.
Most of the banks during the recent crises behaved as if they were the masters of the market place...
Greediness faciliated by slack regulation leads to banks’ downfall
Jerome Kerviel former employee Societe Generate, the author of 4.9 billion Euros loss for the bank has claimed now that his superiors knew of his risky bets. (Source Ruadhan Mac Cormaic in Paris). He also claims his superiors turned a blind...
The lessons one has to learn from markets these days
Bear Stearns, Merrill Lynch, Lehman Bros, AIG ? These were the big names one feared for in the markets and one cherished dreams to be associated with.
What indeed made them big and feared for? Their aggressiveness in the first place, positioning...
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