Long-Term Greed(redirected from 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved