“Smart Trade Group” – Banking’s Golden Era Is Over…

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New York, USA, 13-5-2009- ‘Smart Trade Group’: The banking industry is unlikely to return to the halcyon days.

“Smart Trade Group”, the Asian-based wealth manager, believes that investors expecting the banking industry to return to the glory days of huge profits will be disappointed.

The firm is thought to believe that, as much of the controlling interest in the large US and UK banks is now in the hands of their governments, bureaucratic red-tape, small bonuses and heavy regulation will severely curtail the high-flyers that made banking so lucrative in the years preceding the credit crunch.

Sources close to “Smart Trade Group” suggest that the once highly-lucrative derivatives business which has effectively brought the financial system to its knees, is dead. Securitization will never be the force it was and loan losses on real estate will feature on bank reports for years to come.

“Smart Trade Group” believes that stocks within the food and energy sectors are likely to be the new stars of the equity market but one of the sources suggested that banks operating in emerging markets may be on the firm’s radar as those countries attempt to spur domestic demand for the goods they produce.