Book notes: The bank that lived a little, by Philip Augar
History of British commercial bank Barclays fails to address key questions, writes Michael Taylor
Philip Augar, The bank that lived a little: Barclays in the age of the very free market, Allen Lane, 2018, 448 pages
Are universal banks – banks that do not just take deposits and lend, but engage in the full gamut of capital market activities – a force for financial stability, or instability? Since the global financial crisis this has emerged as one of the leading policy questions for bank regulators, answered in different ways, in different parts of the world. The question remains a live one
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