The resignation of Mr Diamond from Barclays is a clear sign that our banks are finally succumbing to public scrutiny, but will the rolling of heads signal a change to the banking system, or are they just a sop to placate an aggrieved public?
Banking has not suddenly become corrupted, this is a process that has been happening since one man first said to another “let me look after that for you”
Gladstone once defined Liberalism as liberty cautioned by Prudence. It’s time to restore the Prudence that was once the hallmark of British Banking. Either that or we must revisit our dictionaries and take a red pen to the bit that define the verb “to bank”.