Future of banking after the credit crunch and sub-prime crisis – impact on global economy. Meltdown of financial markets. Fire sale of banking assets after mark to market tests. Capital adequacy, bank solvency and capital injection with partial nationalisation. Global chaos in banking and economic outlook for emerging economies / developed economies. Impact on banking profits from global economic chaos, recession and collapse in bank share prices. Retail banking, corporate banking, wholesale banking and investment banking will become profitable again. Economy Video by keynote conference speaker Dr Patrick Dixon . The banking crisis will lead to further consolidation, cuts in retail outlets and staff redundancies. This will remove competition from the market and allow greater profit margins over things like commercial loans and mortgages or current account bank charges. Coupled with cost-savings, this will result in healthy profits in future. Banking share prices are in turn likely to show recovery, which could also mean that the end cost of expensive government rescue packages may be less than feared, if they involved providing banks with equity in return for shares. Taxpayers may actually make a gain from their public ownwership of slices of banks. While huge remuneration for CEOs and Chairman of banks will come under scrutiny, and while regulation will be stricter, we can expect rewards for the most skilled bankers to once again be very generous. Interest rate cuts will also help banks indirectly by stimulating the businesses they lend to and helping to take the edge off a long recession.
Duration : 0:7:36
August 26th, 2010 at 9:20 am
If there is no …
If there is no market present don’t you think is for some reason???
Imagine I sell a regular refrigerator for $100,000 I wouldn’t have market either, but I will be able to say I own a $100,000 asset because in 2012 inflation is going to go so high that I will be able to sell it at $100,000.
This is the most stupid move ever, even if they can sell it in the future it will be devalued. This is pure BS, a desesperate move and assurance of their insolvency.
August 26th, 2010 at 9:20 am
It’s amazing that …
It’s amazing that I’ve been surfing YouTube for about a week now looking for People like you that Understand the Problem, and not just the Doomsayers. I hope that this bumps your video. You can take a look at mine as well and I’d be interested to see what your views were.
U2BHistory
August 26th, 2010 at 9:20 am
Thanks for the …
Thanks for the interesting comments
August 26th, 2010 at 9:20 am
Thanks do comment …
Thanks do comment and rate this video. Patrick
August 26th, 2010 at 9:20 am
Derivative’s …
Derivative’s notional value is in the hundreds of trillions of dollars and many are absolutely worthless. The problem is these were completely Over the Counter and unregulated (off the books) As long as homes went up, AOK. Well, not that the CDS market was called on to perform, it didn’t and couldn’t. This is how the world’s largest insurance co. (AIG) was brought to its knees in a day. The time for clear and transparent was years ago-we’re in unchartered waters. Gold is the only white night