The banks have got us by the capital

Bankers have sailed out of the 2008 credit crisis storm largely unscathed, despite the billions paid in fines. As regulators are discovering, the too-big-to-fail banks are now more powerful than ever.

There was a very nice cartoon by Matt Pritchett in the London Telegraph the other day that neatly summed up European bankers’ contempt for the bonus restrictions they are supposed to be operating under.

Graph for The banks have got  us by the capital

The cap on bonuses in Europe to 100 per cent of salary, or twice that with explicit shareholder approval, is a bit of a joke really: there are even official ways around them, let alone Matt's umbrella hunt.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles