Today's Coming Crisis Movie

Thursday, June 6, 2013

Bankers admit they are STILL paid too much and encouraged to rip us off

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.