Bloomberg
(Lucas : If you really research and read on the net you will find out that there are only a few bank conglomerates with the same owners already, so the fusing of … or having only a few banks is just a fact, only you did not know. Those conglomerates are led by a continuous well-trained for the purpose group of puppets that take the chair of the individual companies… as CEO/CFO. The stock and ownership of course is managed in the utmost secrecy so you might forget that it is all the same banks and financial institutions. That is why you will or might not know this. The big bank conglomerates will only be about profit and power regardless… so what ever reason is given to make more money and bring in more profit or ROI will happen. Is there a declining power base that therefore makes the banks to be broken up or is it a necessity or even a requirement of financial regulations….?You know the answer if you see and read what is happening and read between the lines and get researching.)
By Michael J. Moore
One-fifth of the world’s biggest banks may be broken up or sold as part of a “radical course correction” to boost shareholder returns, according to McKinsey & Co..
The number of global universal banks may drop to fewer than 10 from about 25 as they narrow their focus on products or regions, the consulting firm said in an annual review of the industry released today. Ninety global lenders are generating higher returns by following one of five distinct strategies described by McKinsey, according to the report.
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Tagged 2013, 8 November, Bloomberg, Disclosure, Earth, McKinsey Says 20% Of Biggest Banks May Shrink Or Merge, news, spiritual, Spiritual evolution, World