Reuters (UK) Wall Street Journal. Financial Times. "As a qualified accountant who did his credit risk training in the late 1980s, I remembered reckoning that I could understand a bank's balance sheet within a couple of hours.
I tested my recollection recently on one of HSBC's competitors. Sure enough, the financial statements from 1990 are much clearer than those today, and 1/8 of the length! " By Verdley on Banks have become too complex to grasp "Because Germany’s foreign policy has been so consensus-centric, it has not acquired enemies - which in turn has lessened its need for a foreign policy. As the above essay makes clear, Germany’s friends need it to have a foreign policy much more than Germany does itself. "