The majority of bankers admit some of their colleagues are ‘paid excessively’ and in a way that can ‘incentivise inappropriate behaviour’, a damning study warned today.
Nearly five years after the financial crisis began in 2008, the report highlights how little the banking industry has changed - according to its own workers.
It follows a devastating few years for an industry which the taxpayer was forced to bail out, a lifeline which has been followed by a series of shocking scandals.
These range from the manipulation of key interest rates, the ripping off of vulnerable investors and the mis-selling of loans to small firms.
http://www.dailymail.co.uk/news/article-2336978/Bankers-admit-STILL-paid-encouraged-rip-customers.html
Thursday, June 6, 2013
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