Ex-Banker Reveals Secrets of High Finance in Memoir

Harrison Young's distinguished career in banking and finance spans over four decades. Starting as an assistant vice president at Citibank, he rose through the ranks to become a non-executive director of the Commonwealth Bank of Australia and chairman of its risk committee.

Young also served as a US financial regulator, responsible for resolving failing banks, and was on the court of directors of the Bank of England. His book, Prudence and Ambition, offers insights into important issues in banking, drawing from his extensive experience.

In the book, Young explains complex banking activities, including investment banking, risk management, and regulation. He emphasizes that banks do not 'hold' capital but rather use it as a statistic to determine their financial stability.