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(MSNBC) Strange Faced with lower investment returns, banks are trying a novel business model: lending   (bottomline.msnbc.msn.com) divider line 6
More: Strange, investment return, retreats, book value, stock trading, profits, wikis, U.S. Bancorp, Wells Fargo  
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770 clicks; posted to Business » on 18 Jan 2012 at 3:14 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



6 Comments   (+0 »)
   
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JasonOfOrillia
2012-01-18 03:29:17 AM
That's the point of low interest rates; to encourage investors to seek higher returns outside the bond market. It was bound to happen at some point.
 
Ed Willy
2012-01-18 04:05:13 AM
Maybe with consumer money running away to credit unions, they have less FDIC insured gambling money to play with.
 
HotIgneous Intruder
2012-01-18 07:21:40 AM
Fark banks.

/For ever
 
mauricecano [TotalFark]
2012-01-18 07:35:07 AM
Banks as we conceive them and as they historically operated are NOT the banks of today. Today's banks only see customers as fee generating machines to be fleeced with every fee hidden and their money to be used to offset the banks investment losses.
 
LedZeppelinRule
2012-01-18 10:01:33 AM
And that's why I switched to a credit union. Banks stopped doing what we always thought banks should be doing a long time ago, and credit unions have carried on in that role.
 
johnnyrocket
2012-01-18 07:19:42 PM
Banks are money suck machines, doing the maximum financial transitions necessary to vacuum money out of the system and into the coffers of the bank corporation and subsequently it's officers.
 
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