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09 March 2011

Mervyn King: Banks putting profits before customers


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In einem Interview mit dem Daily Telegraph äußerte Mervyn King Zweifel am Bonussystem und warnte, dass ein Scheitern der Reformen im Finanzsektor erneut zu einer Finanzkrise führen könne.


Mr King said that, over the past two decades, too many people in financial services had thought "if it's possible to make money out of gullible or unsuspecting customers, that's perfectly acceptable."

He also said there was "too much weight put on the importance and value of takeovers", and that "it doesn't make sense to destroy a company with reputation" in the hunt for short-term profits.

Full article (FT subscription needed)

Full interview (Telegraph)


© Bank of England


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