It may be over seven years since the global economy was rocked by the banking crisis but the aftershocks continue to raise questions around the financial industry.
I listened recently to a business expert describing what went wrong at the Royal Bank of Scotland (RBS) and found myself fascinated and horrified by the story of the bank’s demise. It was evident that some of the most basic financial principles were being ignored yet RBS executives were feted as ‘Masters of the Universe’ by the Harvard Business School. How could it have all gone so wrong?
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