Big Profits For the Banks

As many of our clients will be aware. I suggested it was a possibility that we may start to see the banks report huge profits after all these “huge” losses.

I was interested to read today that JPMorgan, the United States 2nd biggest bank announce, reported net income for the quarter of £2.5 billion!!!

Have we been here before??

As you can see the banks are recovering nicely while the rest of us continue to suffer. Please be very cautious if you go to see your bank manager or adviser about any recommendations they may have.

The best advice you can take is to see an Independent Adviser, better still a Chartered Financial Planner, like myself to ensure the Banks proposals are what they seem.

If the banks say it is a good thing, it probably isn’t!!