Romer-Lee: To investors we're all banks

Romer-Lee (pictured), who has set up consultancy firm Square Mile Investment Consulting and Research with Nigel Whittingham after the pair left Morningstar OBSR last October, said there remains a "serious lack of trust in the industry". This distrust is "mainly" as a result of banks' behaviour - such as the scandals around payment protection insurance (PPI) mis-selling and LIBOR rate rigging - he said, but the effect ripples across the rest of the industry. "To investors we're all banks," he told a conference in New York. To counter this, the industry needs to engage with people mo...