Those were the days when the bank's loan rates were 5 to 7 % .
These days loan rates are as little as 1.5 %
If you do the maths , with all your deposits , how much can the banks earn ??
Those days , if deposit rates were 3% and loan rates 5% ,
banks could easily earn 2% out of your deposits by doing nothing .
Today , the bank gives you 1% interest on your deposits and loans out at 1.5%
Just enough to pay CEO . So how ?
Squeeze everyone to sell insurance , derivative products
How to pay analyst when you can find free reports everywhere in the Internet and call centers all outsource to cheaper pay countries
By the way , for a fresh grad pay, you can pay a PHd in china or india to do all sorts of analyst jobs
Last edited by alwayscan; 28-10-2013 at 11:53 PM.
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