Bankers - 1. Fixing The System.BBC.HD.ZigCOM.mp4

Bankers have lurched from one crisis to another ever since the 2008 crash that brought the world’s economy to its knees. Numerous scandals have raised questions about their pay, values and judgment. Meanwhile, after the industry received billions in tax-payer bail outs. The public is in no mood to forgive and forget. This new series looks at two questions – can we ever trust bankers again, and what do we really want from our banks?

In tonight’s opening installment, bank bosses, regulators and politicians give frank first-hand account 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 claim that it took this latest scandal in order to expose a profit-at-all-costs cynicism at the heart of our banking systems.

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