The crooked cash grab sucking the City dry

Once-trusted London banks are now used as vehicles for fattening the wallets of employees. Corruption has sunk its claws into bankers, and ruthless management from the Bank of England is needed to restore trust.

The City of London has always been susceptible to corruption. For generations, insider-trading provided incomes for comfortable lives in the Stockbroker Belt on the outskirts of London, but traditional City bankers, who boasted that their word was their bond, seemed above all that. Not any longer. Banks are now run as vehicles for creating large pools of private wealth for their employees. The City is so infected by venality that it is no longer a case of seeking out rotten apples. The barrel is full of them.

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