Custom House Capital saga shows we need a change in approach to investment firm failures
As well as the misery suffered by its former clients has been the alarming amount of time it has taken to bring the whole saga of CHC to a close
So much money was lost during the financial crisis that the failure of one investment firm will hardly warrant a footnote in the history of the economic collapse. But the demise of Custom House Capital (CHC) in 2011 deserves more than a passing mention. A narrative has grown around the failure of CHC that it was a private firm and if those who put their money with it were prepared to take a risk on...
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