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.

This entry was posted in Uncategorized. Bookmark the permalink.

One Response to Investment banks and prostitutes

  1. Jo Jordan says:

    Lol!

    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 )

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s