Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional activities as banks try to rebuild their balance sheets.
Vince CableMuch of the shadow banking sector, a major contributor to the economic crisis, was also only possible because of taxhaven secrecy.
Vince CableNo, and in fact I get a bit frustrated, because I'm actually quite good at one-liners, and I've had hundreds of them over the years, and they sink without trace, and I get very frustrated. Every party conference I really work on the speeches, and I always have two or three things I'm quite proud of, and no one ever remembers them.
Vince CableSo I went into government with a clear mind about what the problems were, and what needed to be done.
Vince Cable