Investors are now turning from return OF capital to return ON capital for the banks. The global universal investment bank model is broken as their ROCs are now between zero and 1% and this is year six of the GFC.
These banks are
Paul Schulte has had a career in equity research which spans 22 years on both the buy and sell sides covering the Asian and emerging markets. He also has 5 years of government policy experience in emerging markets. He has been frequently ranked in top-five…read more
