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While retail banking seems on the right track, Mr. Thompson is hitting turbulence in the capital markets.
Still, sperm banking seems to have a good track record, at least as far as anybody can tell.
Through their minority stakes in Chinese banks Western firms get all the exposure to China they need.In some respects China's template for banking seems rather conservative.
One way or another, Brazilian banking seems likely to remain a profitable exception to the disasters elsewhere.Correction: we wrongly wrote that Brazil's Central Bank cut interest rates to 11.5% in mid-March.
But it is worth restating because the current debate about banking seems increasingly shaped by the notion that banking is an evil and destructive beast that needs to be forced back into its cage.
I had read somewhere about Panama banks offering "services" to rich foreigners, but to a person of modest American income, banking seems rather straightforward – what kind of services did they mean?
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Having succeeded in making investment banking seem relatively dull, making retail banking more exciting may be his last big task.
But perhaps more noxiously, a culture was generated in which investment banking seemed smart, charismatic and the source of fortunes.
The bank seems to have recovered.
The bank seems disinclined to follow his advice.
For now, the Bank seems reluctant to raise rates.
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