Patrick Jenkins in the Financial Times provided useful insight into the potential for banks to provide utility like returns whilst noting the risks of that strategy for investors. His comments on the risks are valid but at the same time I believe banks should be looking at business models that have less risk and provide steady returns linked to the economies that their business models support. The real question is whether the banks have simplified their models or merely decided to market a “utility” income stream whilst continuing to take risks that should result in higher returns (and more volatility). #bankingonvalues
