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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
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"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 #moneywealth

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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

About Vince Cable

Vince Cable was a Politician from United Kingdom (1943–present).

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Frequently Asked Questions

Who said "Investment banking has, in recent years, resembled a casino, and the massive sc…"?
This quote is attributed to Vince Cable, a Politician from United Kingdom.
When did Vince Cable live?
Vince Cable lived from 1943 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.