By hook or by crook, a look inside the City of London banking industry."It’s an industry that rewards psychopaths.” As the global economy is potentially looking at a deep recession due to COVID-19 just after recovering from the 2008 financial crash, we hear from an ex-banker who worked in the City of London’s Square Mile from the mid-90s to 2008. He lifts the veil on the sordid world of investment banking where he enjoyed thousand-pound meals, sex parties with colleagues and £600k bonuses for “pushing around bits of paper”. He believes psychopaths in suits gamed the system while damaging society in the process. Informer is a series where we hear the anonymised confessions and insights of people in positions of power on the inside of important institutions.[embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
By hook or by crook, a look inside the City of London banking industry.
"It’s an industry that rewards psychopaths.”
As the global economy is potentially looking at a deep recession due to COVID-19 just after recovering from the 2008 financial crash, we hear from an ex-banker who worked in the City of London’s Square Mile from the mid-90s to 2008.
He lifts the veil on the sordid world of investment banking where he enjoyed thousand-pound meals, sex parties with colleagues and £600k bonuses for “pushing around bits of paper”. He believes psychopaths in suits gamed the system while damaging society in the process.
Informer is a series where we hear the anonymised confessions and insights of people in positions of power on the inside of important institutions.