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Friday, 29 June 2012


Photograph: Suzanne Plunkett/Reuters

It seems that having one's hand in the till is a difficult habit to break. The lessons of the past have been ignored encouraging greed on an unprecedented scale by people who clearly regard themselves as untouchable in what was once regarded as an honourable profession. It is time for an example to be made of these unscrupulous bankers before they wreak even more damage on the rest of us. Hot on the heels of the rate rigging saga yet another major scandal has emerged with the mis-selling of financial products to small businesses, the very people the government has been busy trying to encourage to help get the economy moving again. The governor of the Bank of England, Sir Mervyn King outlines here what needs to be done to change a banking culture which has "let down" the many honest and hard working people in the financial sector. Let's get on with it.

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