Aleksa's Book Review: Banking Business Models

As one could readily ascertain, the business models put forward in an official Palgrave handbook will be everything except innovative. It's all different approaches to fractional reserve lending, with the value in financial products relegated to something that the boys in research should look into.

It betrays a lot of the banker's mindset - betting with other people's money that other people will be able to give you back other people's money and so the circle goes. Mutual funds and other products are also mentioned, but the products are hardly relevant - it's the business model underpinning them. And that's taking cuts wherever you can.

I like this book but hate the industry. The book does a great job of explaining how banks decide on worthwhile endeavours, and more often than not the sole criteria is fiduciary. I hope that my researches into this subject won't leave me more jaded than I already am.
8/10