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The Ex-Banker on Cocaine Binges & £600k Bonuses | Informer

Summary:
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]

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 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.




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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