The new Basel III global banking rules promise to buttress bank balance sheets against future shocks.They make the sector safer, but shareholders should prepare for lower returns from banking stocks. Is this the end/beginning of Banking as we know it??
I read somewhere here the financial stocks will be the econimic drivers in 2011, however i know Natural resources and Industrial goods will be the focus of 2011.
The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic.