It seems bankers cannot be banked on to be virtuous

It seems bankers cannot be banked on to be virtuous: "Their contempt for the rules is graphically demonstrated in a series of email conversations released yesterday, revealing the collusion between the unnamed traders and managers. The picture they paint is of people who knew they were doing wrong but were confident they would get away with it. For some, it appeared to be a bit of a laugh.
“Every little helps . . . It’s like Tesco’s,” said one trader to his manager about a request to manipulate Libor.
“Absolutely, every little helps,” replied the Lloyds manager.
And this is the response from a Lloyds employee, on being told another trader would be setting “an obscenely high” figure: “Oh dear . . . my poor customers . . . hehehe!!
The Libor scandal came to light two years ago. Since then, seven banks have been hit by hefty fines for their part in the rate-rigging, including Barclays and the bailed-out Royal Bank of Scotland."



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