by 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:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
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.