Thursday, November 6, 2008

An honest opinion from a Danish bank

A picture can tell you more than a thousand words.

At the presentation Tuesday morning in the Danish bank 'Saxo Bank' they had this message [picture] to say about the financial situation in the United States.

One thing is the media hyped 'crisis' - Another thing is the reality.

Far from all Banks are buying it.

""As most banks in the industry feel the pinch of the current market situation, Saxo Bank has continued to break new ground, posting record growth in revenues, earnings and shareholders' equity in 2007 as the number of client accounts, deposits from clients and trading volumes reached new heights. The growth continued in the first quarter of 2008, a record three months for the Bank's robust business model, proving Christensen's emphasis on accountability pays off - something many financial organisations need to now learn.""

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