Bad Banks is a gripping account of the problems and scandals that continue to be
devil the world's banking system some eight years after the credit crunch. It fo
llows the fortunes and misfortunes of individual banks, from RBS to Lloyds. It e
xposes instances of mis-selling, money laundering, interest rate fixing and inco
mpetence.
And it considers the bigger picture: how the failings of the world'
s banking system are threatening to undermine our future economic security. Alex
Brummer, the City Editor of the Daily Mail, has had access to all the major pla
yers, from HBOS' Andy Hornby, to former Governor of the Bank of England Sir Merv
yn King, to the ex-Chief Executive of Barclays, Bob Diamond, to Lloyds' Antonio
Horta-Osorio. His book is an insightful - and terrifying - account of institutio
ns once renowned for their probity, but now all too often a byword for incompete
nce, and worse.
