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OU on the BBC: Bankers - Episode 1

Updated Friday 26th April 2013

The Bankers series kicks off with the inside story of the scandal that ripped through the banking industry last summer and took down Bob Diamond

ndrew Bailey Copyrighted image Icon Copyright: BBC Andrew Bailey, deputy governor of the Bank of England

In the first of a new three-part series bank bosses, regulators and politicians give frank first-hand accounts of how the balance of power has finally started to shift away from the masters of the universe.

Ironically, this game-changing crisis erupted over the widespread rigging of an obscure rate-setting mechanism, Libor, rather than over the tumult of the financial crash.

Some say it took this latest scandal to expose a profit-at-all-costs cynicism that they believe has corrupted the heart of our banking system; all agree things need to change.

Former Barclays chairman Marcus Agius, RBS boss Sir Philip Hampton, Deputy Governor of the Bank of England Andrew Bailey and Jean-Claude Trichet examine the difficult new dilemmas about what we want and need from our bankers, and whether we can trust them again. 

 

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