Investment banks under scrutiny

Engineers have a variety of technical terms for why buildings can fall down: overload, brittle fracture and bearing failure are some of them. Some of those terms might soon be needed by commentators on the investment banking industry. As the investigations and scandals gather pace, it is becoming apparent that many bankers work in buildings that could soon collapse. Of the engineering terms, brittle fracture is probably the most appropriate ” for, in truth, the modern investment bank was always a flimsy edifice, likely to crack under stress. Every day seem to bring a fresh set of all...