UBS - One Billion
Discussion
whoami said:
It's quite interesting to note that the usual suspects are absent from the thread.
Yes indeed, what really peed me off a year or two ago was the fact that if the 'banking industry' was challenged then that poster (me included) would be subject to a tirade of abuse with lines like the example on page one of this thread.whoami said:
It's quite interesting to note that the usual suspects are absent from the thread.
They are absent for the very obvious reason that you simply want to cast wild aspersions and have absolutely no interest in listening to explanations to find out exactly what happened, who was at fault and what the impact was etc.You just want to have an ignorant moan, in the main about stuff you don't understand.
In summary:
Some salesman mis-sold some financial products
Some senior bankers stuffed up that led to the credit crisis
A minimal number of people were involved in fixing libor rates - the net aggregate impact was extremely small and customers would not have been noticeably disadvantages. Indeed, some would have benefited.
The vast majority of those working in banking (rather than sales) are honest, hardworking individuals. Claims about the 'industry' are meaningless and getting very boring.
sidicks said:
They are absent for the very obvious reason that you simply want to cast wild aspersions and have absolutely no interest in listening to explanations to find out exactly what happened, who was at fault and what the impact was etc.
You just want to have an ignorant moan, in the main about stuff you don't understand.
In summary:
Some salesman mis-sold some financial products
Some senior bankers stuffed up that led to the credit crisis
A minimal number of people were involved in fixing libor rates - the net aggregate impact was extremely small and customers would not have been noticeably disadvantages. Indeed, some would have benefited.
The vast majority of those working in banking (rather than sales) are honest, hardworking individuals. Claims about the 'industry' are meaningless and getting very boring.
Why did they behave like that?You just want to have an ignorant moan, in the main about stuff you don't understand.
In summary:
Some salesman mis-sold some financial products
Some senior bankers stuffed up that led to the credit crisis
A minimal number of people were involved in fixing libor rates - the net aggregate impact was extremely small and customers would not have been noticeably disadvantages. Indeed, some would have benefited.
The vast majority of those working in banking (rather than sales) are honest, hardworking individuals. Claims about the 'industry' are meaningless and getting very boring.
Were they censured or rewarded for behaving like that?
If they were doing "wrong" by their employers' definitions of wrong, why weren't these msideameanours spotted in a timely manor by those within the system tasked with spotting wrondoing?
Is doing the wrong thing merely defined by how much someone suffered as a result of those wrongful actions - or is it a bit more fundamental than that?
Is a "wrong" action actually "right" just because no damage was done?
sidicks said:
They are absent for the very obvious reason that you simply want to cast wild aspersions and have absolutely no interest in listening to explanations to find out exactly what happened, who was at fault and what the impact was etc.
You just want to have an ignorant moan, in the main about stuff you don't understand.
In summary:
Some salesman mis-sold some financial products
Some senior bankers stuffed up that led to the credit crisis
A minimal number of people were involved in fixing libor rates - the net aggregate impact was extremely small and customers would not have been noticeably disadvantages. Indeed, some would have benefited.
The vast majority of those working in banking (rather than sales) are honest, hardworking individuals. Claims about the 'industry' are meaningless and getting very boring.
Sidicks,You just want to have an ignorant moan, in the main about stuff you don't understand.
In summary:
Some salesman mis-sold some financial products
Some senior bankers stuffed up that led to the credit crisis
A minimal number of people were involved in fixing libor rates - the net aggregate impact was extremely small and customers would not have been noticeably disadvantages. Indeed, some would have benefited.
The vast majority of those working in banking (rather than sales) are honest, hardworking individuals. Claims about the 'industry' are meaningless and getting very boring.
Am currently working in a bank so understand your point re the majority etc.
However, when people talk of banking - they talk of the people at the top - and until we see these individuals being sacked in droves (one or two board members doesn't count), then a lot of people will consider the whole lot are corrupt.
Tell me this, how many industries can you name, where the actions of a minimal handful of people have caused the Employer to suffer fines of hundreds of millions of pounds AND THOSE INDIVIDUALS ARE STILL NOT SACKED
The public are seeing rich boys n girls taking the piss with seemingly little or no consequence
dodgyviper said:
sidicks said:
They are absent for the very obvious reason that you simply want to cast wild aspersions and have absolutely no interest in listening to explanations to find out exactly what happened, who was at fault and what the impact was etc.
You just want to have an ignorant moan, in the main about stuff you don't understand.
In summary:
Some salesman mis-sold some financial products
Some senior bankers stuffed up that led to the credit crisis
A minimal number of people were involved in fixing libor rates - the net aggregate impact was extremely small and customers would not have been noticeably disadvantages. Indeed, some would have benefited.
The vast majority of those working in banking (rather than sales) are honest, hardworking individuals. Claims about the 'industry' are meaningless and getting very boring.
Sidicks,You just want to have an ignorant moan, in the main about stuff you don't understand.
In summary:
Some salesman mis-sold some financial products
Some senior bankers stuffed up that led to the credit crisis
A minimal number of people were involved in fixing libor rates - the net aggregate impact was extremely small and customers would not have been noticeably disadvantages. Indeed, some would have benefited.
The vast majority of those working in banking (rather than sales) are honest, hardworking individuals. Claims about the 'industry' are meaningless and getting very boring.
Am currently working in a bank so understand your point re the majority etc.
However, when people talk of banking - they talk of the people at the top - and until we see these individuals being sacked in droves (one or two board members doesn't count), then a lot of people will consider the whole lot are corrupt.
Tell me this, how many industries can you name, where the actions of a minimal handful of people have caused the Employer to suffer fines of hundreds of millions of pounds AND THOSE INDIVIDUALS ARE STILL NOT SACKED
The public are seeing rich boys n girls taking the piss with seemingly little or no consequence
A huge number of the ones that I knew that were involved in the Investment Banking side, particuarly the swaps and rates traders, have gone.
Regrettably for the members of the congregation clutching pitchforks and foaming at the mouth, they didn't want to publicise their departures, but it didn't make it any less real.
loafer123 said:
A huge number of the ones that I knew that were involved in the Investment Banking side, particularly the swaps and rates traders, have gone.
Regrettably for the members of the congregation clutching pitchforks and foaming at the mouth, they didn't want to publicize their departures, but it didn't make it any less real.
The banks have a major pr disaster on their hands - and either they don't care what people think (and this is the perceptiony) or they're just rubbish at it.Regrettably for the members of the congregation clutching pitchforks and foaming at the mouth, they didn't want to publicize their departures, but it didn't make it any less real.
If lip foaming people were made aware of said numbers of people leaving, then they would be placated.
I note you have only mentioned the departures of huge numbers - not why they left, nor what in your mind constitutes a huge number - can you give percentages?
Were they culpable, or are they victims of circumstance?
How on earth do I know who was fraudulent and caused the imminent collapse of the capitalist system and who happened to be in the wrong place at the wrong time? Neither, I am afraid, do I carefully collate stats about it.
Anyway - you say you work for a bank. You must be one of the evil b
ds you're complaining about.QUICK! EVERYONE! THERE'S ONE OF THEM OVER HERE! GRAB YOUR PITCHFORKS AND FOLLOW ME...
Calm down Dear
I post that no-one has been seen to be held to account
In a direct response to my initial post, you post up that many have left - to which many would surmise that you are implying they were being held to account
I ask exactly this in response and then...
Your pants explode
I post that no-one has been seen to be held to account
In a direct response to my initial post, you post up that many have left - to which many would surmise that you are implying they were being held to account
I ask exactly this in response and then...
Your pants explode
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