Friday, December 18, 2009

Bank of England: bankers' departure price worth paying

For our quotations page:

There is not so much as a scintilla of evidence of bigger being better in banking is the truth of it. A lot of the noise around that really is rhetoric," he says.

This would not be unusual, except for the fact that it comes from the Bank of England.

"If some of that were to migrate overseas that would be unfortunate but given the costs of carrying that financial system around, it may be a price worth paying."

It's just as we have been saying.


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