Long-Term Greed

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Long-Term Greed

In investment banking, a term describing the placing of one's client's interests above those of the bank because doing so will inspire client loyalty and, ultimately, make more money for the bank. Long-term greed is considered important for the sustainability of an investment bank. If an investment bank consistently makes bad decisions for clients, they are unlikely to stay with the bank, which will reduce the bank's capital and make it less likely to succeed.
References in periodicals archive ?
Excited to see what 2 year old Android technology and capabilities Apple crams into the iPhone 5," user Long Term Greed posted on Wednesday.