Below are recent headlines from various news sources. I can’t stress enough how the structural changes going through the Bank, Credit, and Capital markets are changing the world.
I will let the headlines speak for themselves.
J.P. Morgan to Start Charging Big Clients Fees on Some Deposits
Big Banks Face Scrutiny Over Pricing of Metals
Germany sells five-year bonds at negative yield
Apple’s iCloud Is Under Attack in China
RBS to exit 10 countries, cut back in Asia, U.S.
Lending Club shares dip 11% on full-year loss
Large European banks including Deutsche Bank AG and Banco Santander SA are likely to fail U.S. Federal Reserve’s stress test
Embattled Standard Chartered CEO to Exit
Greece Delays Awaited Reforms Until Tuesday
Yes, there is opportunity in this disarray. Many of the banks are in retrenchment mode, or in their words, focusing on core competencies.
But be careful of the vendors with a lot of Slideware and Visionware – there are many that really don’t know and fudge what they don’t know. I understand where many want to go from a theoretical perspective. I understand why they want their Visionware to say we want to be the financing network, but it’s not easy.
Discuss this: