A ring - fencing of a bank's high street operations from its riskier investment banking (often
called casino banking).
Or, they know all too clearly that they can take a gamble and be bailed out by the government, simply by threatening that the alternative would be monetary anarchy that would drag down consumer banking along
with casino banking.
Laws is a former investment banker who made millions in his twenties working at J P Morgan and Barclays de Zoete Wedd, enjoying the kind of bonuses from so -
called casino banking that later helped wreck the economy.
Liberal Democrat shadow chancellor Vince Cable has criticised high - risk «
casino banking» and called for a ten per cent levy on bank profits this year to tackle the national deficit.
Watering - down the separation between high - street banking and
casino banking.
Miliband said the changes will result in a shift from «
casino banking» to «stewardship banking» based on «responsibility shared by all».
Delegates also urged that irresponsible bonuses should stop to those engaged in «
casino banking».
In addition, Raj Chada, criminal defence solicitor at Hodge Jones & Allen, said: «There has long been a clamour for individuals at banks to be held accountable for
the casino banking that led to the crash and the tax payer bailouts.