The Anonymous Widower

Good Riddance!

I’ve just had a message through the ether from my late friend, David. He says, that he is pleased that Bob Diamond has resigned. Most of the other things he said were a touch garbled and until I get the proper message, I’ll not put any more of his thoughts.

I do know, that bankers of David’s era, will be happy with the splitting of retail and investment banking. After all the first is just computer processing on the back of decisions made by talking to your customers and the second is just gambling.

Incidentally, thinking about Zopa, it may not be a bank, but it is computer processing on the back of decisions made by talking to customers, with a bit of help from computerised credit scoring.

July 3, 2012 - Posted by AnonW | Finance, News | Banks, Zopa