Pat Ramsey spoke of the "huge disappointment" felt in Londonderry following the failure to expand the Magee campus of the University of Ulster in the city.

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The bigger the failure, the bigger the opportunity for prudent financiers to expand their market share.

FORBES: Political Economy

Attempts to expand into America have also faltered, following the failure this month of United Commercial Bank, a unit of a Californian holding company in which Minsheng has a stake.

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And that is why the failure of eurozone governments, and Germany and France in particular, to agree on how to expand the EFSF is so troubling.

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