banking

Bankers and the neuroscience of greed

by News Sources 07.03.2012

Ian Robertson writes: On 11 August 2011, Bob Diamond, chief executive of Barclays [who resigned today], delivered the BBC Today Programme business lecture. In it he declared that “culture” was the critical element in responsible banking, and the best test of it is “how people behave while no one is watching.” We now know that [...]

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A real banking inquiry would expose a sector beyond control

by News Sources 07.03.2012

Joris Luyendijk writes: David Cameron’s announcement of a parliamentary inquiry into the professional and cultural standards of the financial sector is likely to lead to the worst of all worlds. It all but precludes a genuinely wide-ranging Leveson-style inquiry, while handing this inquiry over to some of the very people who should be investigated: the [...]

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Bank of England and former government implicated in Libor scandal

by News Sources 07.03.2012

The Guardian‘s Graeme Wearden reports live: Barclays has dragged the Bank of England, and the last Labour government, deeper into the Libor scandal. Its submission to the Treasury Select Committee includes an email apparently written by Bob Diamond [the CEO of Barclays who resigned today] on 29 October 2008 (when the crisis was raging), following [...]

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