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Banking To Get 'Boring,' Less 'Rock Star'-ish

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Banking will no longer simply be full of small indignities: It will also be a crushing bore and less remunerative, to boot. Take it away, Bill Michael:

“Banking will become dull, and dull will be the new good. Bankers will no longer be the rock stars of the commercial world and banking will become staid and adrenaline-free.

“As global banks reconfigure and become more country focused, stable returns will be demanded by investors. Volatile earnings will signal that a bank hasn’t finished adapting.

“The ‘dullness’ of banks will drive culture and behaviour, not the other way around.”

KPMG: 'Banks' Dullness Will Drive Culture' [WSJ MoneyBeat blog]
Goldman Sachs Compensation Ratio Drops [WSJ MoneyBeat blog]

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