He was speaking on Bloomberg TV’s “The Pulse” show with Maryam Nemazee in London.
On London’s reputation after the Libor scandal:
“I’ve been in the financial services for 30 years and I’ve never known a time like this. It’s been terrible. Some of the language people use has been terrible. I’m concerned that the public don’t really understand it. The public talks about hanging bankers. We shouldn’t use words like cesspit to describe the City of London.”