"Toxic" banker image may cloud London's backing for City in Brexit talks



The British government may find it tough to fight for the financial services industry in Brexit negotiations because of the still poor public image of bankers, John McFarlane, who chairs lobby group TheCityUK as well as Barclays (BARC.L), said.
Bankers have struggled to shed a reputation as reckless and overpaid since the 2008 financial crisis, when taxpayers spent more than 60 billion pounds to bail out Royal Bank of Scotland (RBS.L) and Lloyds Banking Group (LLOY.L).
"The financial services industry has not covered itself in glory. I will use the words "potentially politically... read more

 
12 October 2016 in Business, Views: 47
Source: Reuters
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