Banks warned to curb payout as crisis bites

What does the story below tell us?

Like most people, bankers think first of themselves and their salaries, payouts, pensions and perks.

Wouldn’t it be nice if we knew that banking was carried out as a public service instead?

With thanks from David Soori:

BANK OF England governor Mervyn King used his now-famous meeting with the chief executives of the “big five” UK banks last Thursday to admonish them for increasing shareholder dividends, as they came begging for more aid to help resolve their liquidity problems, the Sunday Herald understands.


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