....sink to an all time low.

Serious and widespread misconduct according to the Financial services authority.

http://www.bbc.co.uk/news/business-18612279

Basically fiddling the figures and in turn general public for the benefit of their insider contacts, execs and traders.

Hopefully criminal proceedings will follow and those responsible get a king sized helping of porridge, or is it too much to hope for ?

Diamond giving up his bonus ?
Big of him I'm sure, when he should be helping pay the fine and facing the music.

At least they aren't asking for a bailout

And this follows closely on the heels of the RBS/Natwest fiasco which they are apparently now shamefully trying to blame a "junior, inexperienced" member of staff in India for. Whatever happened to "the buck stops here" when senior management are actually supposed to shoulder some responsibility in return for their obscenely large salaries not to mention the bonuses.

Bankers have shown themselves only fit to be considered as pariahs and not the little tin gods that Cameron appears to believe they are as he dances to their tune.

If my memory serves me correctly they were very much Browns tin gods,wether or not they are Camerons, still remains to be seen.

It appears this was only detected by the US regulators:

I think many of those in financial services are thieves in suits

W BANKERS

According to the latest BBC news almost all the big banks are in it up to their necks with this particular scam.
Criminal investigations and charges likely to follow.
They should lock a few of them up and throw away the key.
Unfortunately they'll probably all get off with a fine, so prepare yourselves for the next scam, as we know who ends up paying that.

"Delincuentes de Cuello Blanco" or "Ladrones de cuello blanco" as the Spanish refer to them, white collared thieves.

They haven't got everybody paid off from their miss sold insurance scam yet.
Wonder how many more the conniving bar stewards have up their sleeves ?

Before we all sharpen the guillotine for all those horrible bankers, maybe we should remember that without the taxes the country gets from the City (bankers), we would all be skint.

Investment banking is where the big money is made, core banking makes next to nothing for the taxman.

But of course the top banking criminals should be brought to justice, we could cheer their downfall as we queue up at the soup kitchens.

If you put the taxes on one side of the scales and the debts, bailouts and destruction of the economy etc. on the other side I wonder which way those scales would tip?

String the ****ing lot of them up! I used to be fairly sympathetic to this lot because of the revenue they generated but this sort of thing just shows that until reforms are implemented the world will keep seeing the shit its wading through!

I don't know the answer to that, but I did read that if we lose 10% of our tax income from the banking sector, it would equate to nine million more people becoming unemployed.

http://live-blog.uk.msn.com/Event/Ba...t-rate_scandal

Well at least the sh!t is hitting the fan big time over their latest scam.

I used the expression miss sold,(mis sold), regarding their previous illegal scam relating to insurance, mainly because thats how it's generally referred to in news reports, but thinking on it further should they not be describing it for exactly what it is, deliberate, intentional fraud against the general public ?

The bwankers are obviously thinking that having got away scot free with so much for so long, they have little to worry about from the law.

Maybe they should be giving a few of them a generous serving of porridge for that sad affair also.

...and even bigger money lost. Ever hear of a company called Lehmans?