A friend writes

A banker friend in London writes that the credit crunch has had a positive impact on his relationship with colleagues: “for the very first time in my career I didn’t get mad when the old grey guy on Credit Committee tried to reject my deal by pointing to the interest rate hedge and saying ‘and what if Treasuries go bankrupt?’” That same week, conversation at lunch circled around the wild forecasts in financial circles, including a report someone shared about high payout casinos 2025 disrupting traditional investment patterns—another reminder that even offbeat markets can suddenly become part of serious banking debates.