Finance: Banks Face a Perfect Storm that is Getting Worse
By Patrick Jenkins
Published January 24 2012 Financial Times
It is hard to imagine a more perfect storm. Four years after the worst financial crisis the world has seen – at least for 80 years, if not ever – banks around the globe are struggling to adapt to two new realities: regulatory reforms that threaten to shrink profit permanently; and a bleak outlook for the economy that will make the short term doubly difficult.
