Liontrust: banks not worth the risk to clients' savings

Liontrust joins the Association of British Insurers (ABI) in raising concern over the banking industry. This week the ABI said institutions are reluctant to invest in high street banks because of increasing risks and shrinking returns. Jan Luthman, co-manager of the Liontrust Macro Equity Income fund which has no exposure to banks, said he views banks as being driven by political and regulatory imperatives, rather than free market forces, while the true state of their financial health remains obscure. "The Bank' of England's governor, Sir Mervyn King, has said that banks should ‘dr...