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Wither the old banking models?

The 2008 fix has taught us that whatever was done was a symptomatic cure. The long-term malaise continues.

DEJA VU: While each bank has a slightly different ailment, the broad issues are the same. Overexposure to risky assets, lack of innovation, bloated overheads, continued overpay for top executives and in some cases, rudderless voyage.

THE cracks in the banking system have once again been ripped open. Twice in the past decade, banks all over the world have slid considerably on all parameters. The 2008 crisis brought down many banks, nationalised many others, changed the metrics for their measurement and ushered in new adequacy...

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