Summary
THE chairman of one of the FTSE's biggest companies has accused bankers of acting like snake-oil salesmen.
Speaking at Cardiff Business Club, Simon Murray, chairman of Glencore International gave a brutally honest assessment of the economy, and laid a large chunk of the blame on practices which had occurred in the banking industry.See the full content of this document
Extract
; the Whole Thing Is a Mess, Says Glencore Chairman
"I think the financial mess has a lot to do with the banks, particularly the American investment banks, who sold products like they used to sell fake medicines to the I...
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