THE BIG 6 BANKS, AND ME

I got a report send to myself by a contact at RBC outlining an analyst report on the Big 6 banks in Canada . Interesting title, it was called ' CAPITAL PUNISHMENT ' and revolved around how the banks are wrestling with regulators in U.S. and Canada on their capital base requirements and their investments in their brokerages and personal wealth businesses . For what it's worthy RBC seemed to be positioned best, but all had positive comments .

Every day the main business story seems to be the banks , both U.S. and in Canada, where OBAMA seems to be somewhat courageously taking them on and to task ! Business and banks view all this as intrusion -

I hope the dust settles and banks can get back to anything approaching lending normalcy in Canada re small and medium sized business .

Stan