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The financial crisis has focused unprecedented attention on ethics and ethical failures in investment banking. Investment banker John Reynolds and sub-dean of Christ Church, Edmund Newell, discuss their book Ethics in Investment Banking. Reynolds, who studied theology at Cambridge University, has been described in the media as a ‘world class investment banker’ and ‘exceptionally bright but abrasive’. Newell, who was a research fellow in economic history at Nuffield College, Oxford, was also canon chancellor of St.Paul’s Cathedral and founding director of St. Paul’s Institute.