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. — Vince Cable

Tags: Balance, Financial, Banking, Vince Cable, British, Politician

Mini who’s who:

Vince Cable : British Politician
Born: May 9, 1943

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