Mutuals Have Lesson for Banks

Summary


THEY learn nothing and forget nothing, it was said of the Bourbons. The same is true of banks. Well, actually, banks just learn nothing.

It should come therefore as no surprise for us to read that, even with the world financial crisis still unresolved, they are up to their old tricks.

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Extract


Mutuals Have Lesson for Banks

The Institute for Public Policy Research (IPPR) reports that the rapid return to the City's bonus culture ...

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