Why Banks Won't Convert to Income Funds: A Lust for Fees

The Globe and Mail, Eric Reguly, 14 October 2006You're a bank shareholder and you're grumpy. When will the bank CEOs hit the income trust button? Telus and BCE did it and saw their shares pop. Dozens of other big companies will follow because the feds apparently don't have the guts to shut down the trust market. Surely, the banks, or juicy parts thereof, will be next. It's the CEOs' fiduciary