Were other Goldman traders essentially making proprietary bets in the process of serving clients?
If you are a dominant bank, there is no downside for serving clients badly.
I am able to concentrate on serving clients and don't spend a lot of time on administrative duties.
But Goldman is hardly unique when it comes to walking the fine line between serving clients and taking positions.
"It turned into a business with a bottom-line approach rather than a business about serving clients," he said.
Cantor Fitzgerald is a leading global financial services firm, serving clients from over 30 offices around the world.
David Foster, the chief executive of Caveon, said the company had not published its methods because it was too busy serving clients.
Called Peugeot Design Lab, the firm is expected to operate not unlike BMW DesignWorks, the consultancy wholly owned by BMW, by serving clients outside of the automotive industry.
In South Africa, I was intrigued to see how many fashion designers were serving clients quietly, building up a parallel and personal luxury apart from big brand buying.
It would also have to forgo serving clients in any of those countries and trading in securities or derivatives from any of the countries.
First, let me thank everyone across UBS for remaining fully engaged in serving clients, supporting colleagues and executing effectively, despite the emotion we have felt in recent days.
