How about creating some new value?

Competition is fierce in banking and it seems to continue to lead to crisis situations. Now it is the excessive granting of subprime mortgages and the onselling of these to investors. In the past we have read about consumer loans repeatedly getting sold on too thin margins and too high risk, too muçh credit being granted to badly managed countries and companies, too high trading risks etc.

Should banking try to break out of this seemingly vicious circle? In stead of quarterly capitalism driven focus on driving volumes and income up with too little regard to risk and reward and costs down in a way that also hits necessary investments in new valuable services and industrywide standardization - would it be time to innovate the way to the blue oceans?

In today's world there certainly are a multitude of new needs to cater for.