People walk past the HSBC logo in Central District on October 29. HSBC posted strong third-quarter profits, despite a leaked memo, revealed in September, from investment bankers that criticised the company’s “utterly failed” investment banking strategy. Photo: EPA-EFE
Peter Guy
Opinion

Opinion

Peter Guy

Investment banking practices, from unwise loans to the emphasis on derivatives, risk another financial crisis

  • Peter Guy says recent disputes in HSBC and Deutsche Bank highlight the banking industry’s disease of risking implosion to focus on big profits

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People walk past the HSBC logo in Central District on October 29. HSBC posted strong third-quarter profits, despite a leaked memo, revealed in September, from investment bankers that criticised the company’s “utterly failed” investment banking strategy. Photo: EPA-EFE
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