Philip Augar is no bank basher - banks "are the agents of the economic mobility that underpins a...

|By:, SA News Editor

Philip Augar is no bank basher - banks "are the agents of the economic mobility that underpins a fair and fluid society" - but he says it's time for banks to go back to the basics. "The other things that today's banks do involving excessive leverage and frenetic trading as a means of making money for themselves and their clients have no place in the core banking system."