RE: Bonus1 Aug 2021 19:06
Afternoon all,
imv banks tend to operate greedy business models so it's no surprise they don't look after shareholders. A large bonus culture encourages wrong doing and is the root cause of many financial scandals. Until that is tackled properly and the punishments increased they will continue. Although bank fines appear large, I read somewhere they usually amount to less than 10 - 15% of profits made from dodgy dealing so there's no real pressure/incentive to stop.
As for share buy backs, I'm not a fan. I've yet to see any evidence of a correlation and consistent rise in share price. What it does do however is further line the pockets of board members.
Like many on this board I've invested in this share over many years and done very well from it. I view it as a yo-yo share and for that reason my approach in recent years has been one of swing trading. Although I currently have quite a large holding, I'm not too concerned with the amount of dividend but appreciate for many who have held this share for a long time dividend payments are very important so it's understandably they feel very let down especially, if they're still underwater.
All the best,
saurus