Rana Foroohar

There's a case to be made that the [banking] industry might grow more robustly if bankers were forced to separate lending from trading. Many of the largest and most complex firms trade at a discount from their book value, suggesting that the market isn't so confident about their future performance. Certainly having more lenders rather than fewer would help other kinds of businesses, and have trading walled off from lending would encourage that. Show less «