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Banks Misunderstood

Ewald Engelen, Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran, Adriana Nilsson, and Karel Williams

in After the Great Complacence: Financial Crisis and the Politics of Reform

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199589081
eISBN:
9780191731150
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199589081.003.0005
Subject:
Business and Management, Finance, Accounting, and Banking, Political Economy

This chapter is concerned with the question how banking could generate (unsustainable) returns of 15–25 per cent on equity before the crisis? Our answer is that in wholesale banking, small return per ... More


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