In the UK and elsewhere, the financial services industry is in the eye of the storm. The industry probably accounts for around 9.5% of UK GDP. Yet in the wake of the financial collapse, seemingly never-ending penalties for mis-selling and market manipulation and the continuing public outrage over bankers' compensation, many have come to believe that the industry is both rotten to its core and has become totally dissociated from the society which it is supposed to be serving.
When Antony Jenkins took the helm at Barclays he promised to clean up a bank that had been badly scarred by a seemingly relentless stream of scandals. To re-enforce the point he sent an email to his 140,000 staff saying that he wanted to bring new ethical standards to Barclays. Those who didn't want to sign up to them were told they should leave.