Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences.
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Nationality: British Type: Politician Born: May 9, 1943 |
“I like to let my football do the talking, I'm respectful of other good teams such as Arsenal.”
“I like Frenchmen very much, because even when they insult you they do it so nicely.”