Description:  Leaders of the world’s biggest banks touted the virtues of austerity at the World Economic Forum in Davos — for themselves, not just for over-indebted governments.

Source: Bloomberg.com

Date: 01/26/2012

Link:  http://www.bloomberg.com/news/2012-01-26/incredible-shrinking-bankers-at-davos-humbler-as-austerity-hits.html

Questions for discussion:

• According to the report, what are the key messages being sent to the banking industry?
• How do you think managers will respond?