Bad banks
Subtitle: greed, incompetence and the next global crisis
By: Alex Brummer
Publisher: Random House Business Books
Published: 2014
Place of publication: London
Language: eng
Number of pages: 340
ISBN-13: 9781847941138; 9781448183319; 9781847941145
Subjects: Moral and ethical aspects; Korruption; Corrupt practices; International Banks and banking; Bankenkrise; Ethics; Global Financial Crisis, 2008-2009; Banks and banking
Other titles: Greed, incompetence and the next global crisis
Description: Bad Banks is a gripping account of the problems and scandals that continue to bedevil the world's banking system some seven years after the credit crunch. It follows the fortunes and misfortunes of individual banks, from RBS to Lloyds. It exposes instances of mis-selling, money laundering, interest rate fixing and incompetence. And it considers the bigger picture: how the failings of the world's banking system are threatening to undermine our future economic security. Alex Brummer, the City Editor of the Daily Mail, has had access to all the major players, from HBOS' Andy Hornby, to former Governor of the Bank of England Sir Mervyn King, to the ex-Chief Executive of Barclays, Bob Diamond, to Lloyds' Antonio Horta-Osorio. His book is an insightful - and terrifying - account of institutions once renowned for their probity, but now all too often a byword for incompetence, and worse.
Notes: Includes bibliographical references and index.