Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Six interest rate rises in a row? Blame greedy City bankers

bottles of champagne on ice
Bankers can’t kick the habit of big bonuses and champagne celebrations – even after the 2008 crash. Photograph: Issei Kato/Reuters

City bankers are ruining your life again. They just can’t help it. Rescued from collapse in 2008 and force fed a healthy financial diet ever since, the industry is now in fine fettle. And with a deluded display of arrogance only they can muster, bankers have come to see themselves as a force for good, especially in these troubled times.

Their sizable reserves are largely intact and the hazardous operations that caused so much trouble more than a decade ago are overseen by tough regulators.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.