Rothschild: Banks Turned a Blind Eye to Sub-Prime
Evening Standard - London › October 02, 2008
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Summary
ONE of the banking world's most respected grandees criticised the City today and called for a massive overhaul of regulation.
Sir Evelyn de Rothschild said there had been a collapse in ethical standards among banks in recent years, which had been ignored by watchdogs, rating agencies, shareholders and accountants.See the full content of this document
Extract
Rothschild: Banks Turned a Blind Eye to Sub-Prime
The 77-year-old head of the banking dynasty issued a sombre warning that the crisis would get worse before it gets better. "We shou...
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