Study reinforces warnings of toxic banking culture


One in six financial firms lacks ethical values, and one in seven fails in its obligation to put clients first, according to a study published yesterday by US law firm Labaton Sucharow.

The company polled 500 senior financial sector employees in the UK and US. Fourteen per cent did not agree that their employers put customer interests first, and 16% said that their employers did not have strong ethical values.

The survey also highlighted other issues: 26% said they had first-hand knowledge of

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