August 05, 2008

A smart – and profitable – approach to banking

Financial supply chains also become problematic when they become too long. Cause gets separated too far from effect. For details, look at any account of what’s caused the current mortgage mess.

Sometimes the best way to understand a problem is by looking carefully at an entity susceptible to it that didn’t succumb. This week’s Newsweek provides a good case study. Read it closely. It describes how Hudson City Bancorp’s second quarter profits rose over 52%, and its stock grew 50% in a year when many bank shares were in free fall – all by following a smart growth strategy.


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