Fidelity's Wright: Three (and a half) reasons why banks are not as risky as you think

Most UK investors seem to view banks as one of the riskiest sectors in the market - a view I understand but fundamentally disagree with.

The trauma of the financial crisis and its aftermath still looms large in the collective imagination of the market, and seems to be preventing investors from recognising the profound changes that have occurred inside banks and in the external operating environment. 1. There has been little growth for ten years (except in compliance!) Growing companies are rewarded by the market with high valuations, creating expectations that ambitious management teams aim to meet or exceed, which in turn can lead to excessive risk-taking. Quick-fire interview with Fidelity's Alex Wright: Pro-cyclic...