The money network:

The money network:

Why crowdfunding threatens traditional bank lending

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

August 2007

Email a Friend

  • All fields are compulsory


To include more than one recipient, please separate each email address with a semi-colon ';'





Add Your Comment


  • All fields are compulsory
  • All comments are subject to editorial review as we are subject to the same regulations adhered to in publishing our own content. For this reason, your comment may not be live immediately, or may not be published.






I have read and agree to the Terms and Conditions





Just the job


Investment banking has long been a demanding profession. Bankers have been accustomed to always-on cell phones, the ubiquitous BlackBerry and late-night meetings. Spare a thought, however, for one banker caught between a call from the boss and a call of nature.


 

Caught short at the very moment he was due to participate in an important conference call, the conscientious banker installed himself in a cubicle in the firm’s palatial facilities to await the call while attending to equally pressing matters.

According to an insider, the conference proceeded without a hitch until the senior banker on the call began to notice very heavy breathing over the speakerphone. His train of thought disturbed, the boss irritably pressed to know the source of the interruption. Imagine his surprise when he learnt that the culprit was in fact the remains of a stubborn meal just passing through.

Quite how the conference call proceeded after such a revelation is unclear. But in investment banking circles, it brings a new meaning to the term always on the job.








Download the Free Euromoney iPad app today