Investment banks and prostitutes

In a speech last night, Mervyn King discussed the separation of retail and investment banking;  a British version of the American Glass-Steagall Act.

A random thought occurred to me. Retail banks have customers, like most other businesses. Investment banks, though, have clients, like lawyers, accountants, management consultants and….erm….prostitutes.

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One Response to Investment banks and prostitutes

  1. Jo Jordan says:


    Flicked to an online dictionary and found

    1350–1400; ME < L client-, s. of cliēns person seeking the protection or influence of someone powerful; perh. akin to clīnāre to bend (see incline )

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