Markets

Dec 1: Give me chastity O Lord, but not yet

Part 2: "Give me chastity O Lord, but not just yet" A phrase Gary Jenkins, head of fixed income research at Evolution Securities, says comes to mind when thinking about government support of banks. He says they can't attack the banks too hard because they'll only hurt their own economies, but in the long term confidence can't come from state support alone. He warns the banks will need more capital at some stage to deal with write-offs of up $1.5 trillion. Presenter: David Oakley, FT capital markets correspondent