A Toxic Word

Today the word “banker” is a pejorative term, associated unrestrained greed, recklessness and professional incompetence. Local managers have been replaced by salespeople and a computer terminal to an anonymous person far away. In the City of London the top people formed a regulatory agency in themselves and dealt swiftly and severely with anyone who fell short of the highest standards of integrity. Now City of London magnates themselves are now suspect figures. It would be hard to think of another group that has fallen so fast and so far in public esteem.

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