They’ve admitted there needs to be changes to the banking bonus culture while RBS bosses declared the purchase of Dutch bank ABM Amro to have been a "bad mistake". The hearing also revealed that a HBOS whistleblower, who warned the bank was taking excessive risk, was gagged and sacked. Despite the bankers’ on-the-surface, conciliatory tones, the committee’s chairman, John McFall, believes they retained an element of arrogance. Who knows if this first grilling will be the start of… well, something that will ultimately provide some answers to the banking crisis and some action points to ensure it won’t happen again. Did the banks cause the recession” Let us know what you think on the forumPicture source
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.