Is It Time To Make Bank Bosses Criminally Responsible For Their Banks Behaviour.

[barney15c]

Lloyds fined £28m for forcing their staff to sell unsuitable financial products under threat of demotion and pay cuts. Yet another reprehensible act by a bank in pursuit of profit. The fines seem inadequate an hardly seem to deter the banks into stopping their actions as the risks outweigh the potential profits. Is it time bosses were made criminally responsible for their banks actions, they always seem to say they didnt know it was going on, but surely these people are paid to know everything that goes on in their business. They seem quite happy to bask in the glory of anything positive. The government should get a grip on the cancer that is spreading throughout the banking system. Maybe its in their interests to go easy as so many politicians are on the boards or have pals in the industry.

[andy-hughes]

I have always been baffled by the argument that in order to 'attract and keep the best people' salaries and bonuses need to be in the eight-figure bracket.

As recent history has deomstrated, that theory is not working is it!!!!

I believe that bonuses should be held in trust for five years in a high interest account, and paid to the recipient when proof is available that their decisions were correct. The interest on the money returns to the government.

This farce where an executive can be hired for thirteen million pounds salary, and the fired for eight, bonus and share options untouched, simply beggars belief.

[emmie]

as long as we can hold NHS bosses responsible for the deaths of patients where their staff are responsible for negligence, neglect, wrong medication, botched operations, and lack of care,
i am all for it.

[emmie]

AH, then rehired at another bank, or NHS position, Council offices, and so on, absurd situation.

[237SJ]

I agree with emmie. Why just bank bosses? CEOs in all industries make terrible decisions from time to time.