Bank Reform: Ban on non-bank business

A dispute between the City of Berlin and Goldman Sachs raises the question of the investment by banks in non-bank businesses. More than one year after the climax of the Credit Crunch that nearly brought the World's banking system to its knees it seems that little has changed. Banks still are allowed to invest in a range of unrelated businesses - whether directly or via investment funds that they control. The slowness of the regulatory process gives little hope that a similar crisis can be prevented to occur in the future.