“The Bank That Lived a Little: Barclays in the Age of the Very Free Market.”
Held on Thursday, July 5, 2018, 6.00-8.00pm
David Lascelles (CSFI)
When I read Philip Augar’s book, The Death of Gentlemanly Capitalism, published in 2001, he both removed the scales from my eyes and set the scene for subsequent market lurches and corporate scandals. Similarly salutary – and readable – titles followed on Wall St, “The Greed Merchants” (2005), and financial markets, “Chasing Alpha” (2009).
His latest book, The Bank That Lived a Little, focuses on Barclays, one of the few British firms that has tried to mix it with the big boys. Philip documents the ups and downs of the old Quaker bank over the last 30 years, in particular its efforts to build a bulge-bracket investment bank. But the sheer breadth of Barclays’ activities means there are bound to be broader lessons. And the timing is spot on as Europe’s policy makers fret that their banking champions have been overshadowed by the Americans.
Philip Augar honed his knowledge of the City as group managing director at Schroders and head of capital markets for NatWest. Since then he has been a roving non-executive director (inter alia on the boards of the Department for Education and TSB), chaired the UK Border Agency, and is currently chairing the government’s review into post-18 education and funding.
We are, therefore, delighted that Philip has agreed to join us to share his conclusions. We have the ideal respondent in the CSFI’s co-founder David Lascelles, who runs the Centre’s Banana Skins surveys of risks in banking, insurance and financial inclusion. David, a former Banking Editor and New York Correspondent for the FT, is author of Other People’s Money: the Revolution in High Street Banking.
If you (or a colleague) would like to join us for what is bound to be a lively discussion, please let us know by calling 0207 621 1056 or emailing firstname.lastname@example.org. As usual, wine and sandwiches will be provided.