Community
That's what bearish Oppenheimer analyst Meredith Whitney told Reuters at the the Reuters Global Finance Summit yesterday.
In her view, the bank is unlikey to be profitable for several years. Its strategy was that its many financial services businesses could boost their revenue by selling products to one another's clients. "But that does not seem to be happening because the company has not invested enough money in integrating different units' computer and risk management systems," she says.
In a more colourful quote, she adds that "it would take Stephen Hawking four years to right that ship."
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Ugne Buraciene Group CEO at payabl.
16 January
Ritesh Jain Founder at Infynit / Former COO HSBC
15 January
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
13 January
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.