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The structural issue that could cause the world's market of last resort to grind to a halt
August 2008
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This he did with the help of visual aids such as the one below. In the unlikely event that anything is not quite clear, the US legal profession is, as ever, standing by to take your call.
If you don’t fully understand an instrument, don’t buy it. If you would not buy for yourself a specific product, don’t try to sell it. If you don’t know very well your customers, don’t lend them any money. If you do all these things, you will be a better banker, my son
Emilio Botín, chairman of Santander, gives advice to bankers on how to avoid a crisis while accepting Euromoney’s best global bank for 2008 at the Awards for Excellence dinner