Vince Cable on the future of financial services

Tuesday, October 27th, 2009

I attended a clubbable FS event last night at the Lloyds of London building where the shadow chancellor for the Liberal Democrats, Dr Vincent Cable, one of the few figures to have actually enhanced his reputation following the financial meltdown of last year, gave a presentation entitled The New World ...

Is the investment banking model fixed?

Monday, July 20th, 2009

The recent second quarter results of Goldman Sachs, which made a net profit of $3.44 billion (£2.1bn) in April to June this year, suggests that the investment banking model so notoriously broken last year during the credit crunch when wild speculation and risk-packed exotic investments came back to bite the ...