AllupInyourBiz

While the rest of the world’s banks are failing, trying to raise liquidity, trying to keep from failing and freaking out about all of the above, British bank execs say “ho hum, ol’ chap! What credit crunch?” Dealbook today, cited a survey conducted by a consulting firm called the Hay Group. According to the data, over half of the financial firms surveyed, said that the top executives have decided to make no changes in their company’s strategies, to attempt to compensate for the current market slowdown. What’s more, is that only 38% surveyed said that they “see the market woes as a threat.” The financial service sector leader for the Hay Group added his commentary, stating “The sector is sleepwalking into a period of extreme turbulence which is likely to result in some serious damage to those organizations that persist in neglecting proper preparations.”