Banks Still Doing Evil Things
The scandal exposed what appeared to be a prevalent “spiv” culture in which bottles of champagne were on offer in exchange for fixing rates. “Dude. I owe you big time!” one outside trader e-mailed an unidentified Barclays employee. “Come over one day after work and I’m opening a bottle of Bollinger.”
On a scale of 1 to 10, how surprised are you when you read about another banking scandal? Oh, not at all? Okay, then!
Support The Billfold
The Billfold continues to exist thanks to support from our readers. Help us continue to do our work by making a monthly pledge on Patreon or a one-time-only contribution through PayPal.
Comments