14 Sep '11, 11pm

We seem to have too many private bankers in the world. They do not add value, and make other jobs unattractive....

Private bankers manage the wealth of people with more than US$1 million in assets and earn a fee for their services. The increase in the number of high net worth people means more business for private bankers. However, the supply of private bankers outstrip the demand, leading to high cost and thin margins for the banks. Some banks have started to trim down their numbers of private bankers. A more important factor is the inability of the private bankers to create wealth, especially in an environment of global recession and falling asset prices. In good times, it is easy to create wealth during a bubble, but it is not real wealth. In bad times, the fictional wealth have to be paid back. These high income jobs of private bankers have a bigger harm. They make the real jobs, e.g. teachers, nurses, policemen, factory workers - look unattractive. There are insufficient number of...

Full article: http://tankinlian.blogspot.com/2011/09/private-bankers.html

Tweets

How Business Travelers Can Be More Successful Flying Private

How Business Travelers Can Be More Successful F...

justluxe.com 13 Sep '11, 7pm

In today’s economic climate, few things are certain: the number of products you’ll sell, the number of clients you’ll sign...

my blog today in @the_ecologist on why its time to regulate #foodspeculation by banks

my blog today in @the_ecologist on why its time...

theecologist.org 13 Sep '11, 3pm

If a pound coin had been set aside every time a government ceded to bankers’ views about how best to run an economy, and t...

Private home sales dip 3.6% in August

channelnewsasia.com 15 Sep '11, 6am

SINGAPORE: Private home sales in Singapore dipped in August compared to the previous month - with some 1,348 homes being s...

Marginal drop in new private home sales in Augu...

todayonline.com 15 Sep '11, 9pm

SINGAPORE - Sales of private homes last month defied the heightened global economic uncertainties, stock market volatility...

High R value and WRB #green

greenbuildingadvisor.com 14 Sep '11, 3pm

We have a home that was build in the 70’s. By our estimations there is probably R7 in the walls, OSB, building paper and s...

Lynn Poh hosted a private party Media, friends surprised that party hosted by Lynn Poh was a publicity stunt.

Lynn Poh hosted a private party Media, friends ...

divaasia.com 07 Sep '11, 6am

LOCAL TV host-actress Lynn Poh had been out of the spotlight for the past year. Then, out of the blue, she invited several...

Millionaires Are Shunning Private Banks In Asia

thefinance.sg 25 Sep '11, 10pm

Millionaires Are Shunning Private Banks In Asia by Tiang Chuan on September 25, 2011 As F1 roars into town and private ban...

Salesforce’s Do.com moves into Private Beta, app almost ready for prime time

Salesforce’s Do.com moves into Private Beta, ap...

fusible.com 10 Sep '11, 6pm

Salesforce’s Do.com moves into Private Beta, app almost ready for prime time J.B. | September 10, 2011 | Comments 0 Commen...

Private 5 acre Estate in the Heart of Tropical Paradise - Manuel Antonio, Puntarenas, Costa Rica - $6,200,000 USD

Private 5 acre Estate in the Heart of Tropical ...

luxuryrealestate.com 10 Sep '11, 4pm

Located in the the world famous town of Manuel Antonio. This town is renowned for its distinctive national park and incred...