My name is David and I don't like bankers

The small number of survivors are now being ‘regulated to death’ – forced into adopting a business model that turns them into boring, low-risk, utility-style banks. That might make them better ‘investments’, but it could have disastrous consequences for the UK economy. To understand the disaster that may be awaiting us, let us consider the case of China, a hotbed of reckless bankers, funding all manner of dodgy ‘citadel in the desert’ madcap schemes. Surely we want our banks to look nothing like these reckless Asiatic types? A recent note to investors from Chris Rynning, CEO of Beijin...