Tackling substance misuse "too costly for banks"

Scale of problem seen as too great to address directly

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The scale of alcohol and drug misuse in the banking industry is discouraging firms from addressing the problem because of the potential costs involved, a London conference on substance abuse heard yesterday.

John McMahon, chief executive officer at Iloumanate, a consultancy that aims to reduce the cost of alcohol misuse in the workplace, told the conference there was a strong business case for tackling alcohol-related costs at work.

"Every pound you spend on addressing alcohol problems will save

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