Reckless: The Rise and Fall of the City

(Paperback)

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Description

The definitive insider's history of Britain's financial services sector over the last decade, by one of our leading City commentators. In 1997 it seemed that things in the City could only get better. For ten years everything went according to plan. Buoyed by a strong pound and cheered on by an excitable media, the bankers became the heroes of the age. And then in the summer of 2007 everything began to collapse. Barely a year later the City was in tatters. Greed, guile and excess - this definitive insider's account charts an intoxicated decade and cogently reveals just how, and why, the City got it so badly wrong.

Reviews

Reveals the systemic and destructive way that British finance works... Understands both the people and the processes... His best book yet -- Will Hutton * Guardian *
A meticulously researched history of the City under New Labour. This is a good and eloquently written book...refreshingly non-judgemental * Literary Review *
On the money. The City's staggering fall from grace is neatly summed up by a former investment banker * Sunday Times *
A compelling story of how the City came to be regarded as the jewel in Britain's economic crown... yet was fundamnetally flawed...and became a byword for greed and complacency * Financial Times *
Clear about the causes, Augar is also clear about the solutions * Evening Standard *

Author Bio

Philip Augar worked in investment banking for over twenty years. He led NatWest's global equity and bond business before becoming a Group Managing Director at Schroders. Since 2000 he has combined consulting and writing. This is his fifth book. He can be contacted at- www.philipaugar.com