Almost a decade after the €64.6 billion bailout the banks have never really stopped their sharp practice. When we make attempts to diagnose them we appear to be shouting at the wind of ‘banking culture’. Indeed, the banking industry has now cottoned on to the need to repair this thing called ‘banking culture’ without really ever saying what a banking culture is. Not to sugar coat these glory days, but knowing what we have lost in banking culture is the starting point of putting this humpty back together. At the same time we keep trying to pretend banks are ordinary businesses, subject to the normal rules of capitalism with unbridled growth.

Source: The Irish Times June 07, 2019 23:15 UTC