Banks are close to making $10b in profits, but do they deserve it?

Banks are close to making $10b in profits, but do they deserve it?
Lending is a two-way street, not a one-way dead-end. (Image: Unsplash)
Cameron Bagrie
Ten billion dollars. Is that number going to be reached when we see the next lot of pre-tax bank profits? I suspect it is.Strong income, low costs and the lows in the credit cycle are a powerful combination.Banks are large enterprises and, yes, they should make significant profits. But those profit figures should make us ask some hard questions.Do banks take enough risks? The financial metrics say: not really.How can we screw the scrum towards more productive lending? What are the barriers?Do borrowers show enough skill in managing and taking r...

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