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 Quotes
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Today's Anniversary - 19th April
Births
- 1885 - Robert Collier
- 1965 - Suge Knight
- 1972 - Austin Warren Dacey
- 1971 - Marc Andreessen
- 1935 - Dudley Moore
Deaths
- 2012 - Levon Helm
- 1974 - Ayub Khan
- 1689 - Christina, Queen of Sweden
- 1824 - Lord Byron
- 1889 - Warren De La Rue
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