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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

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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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