Filed under: Comment
Two years ago I wrote a post about Standard Chartered bank.
In it, I called into question their whole ‘Here For Good’ positioning – not because they were a bank, but because their communication just asked a bunch of philosophical questions rather than talking about any single thing they did that was actually ‘for good’.
At the end of the post, I said they were more likely to ‘be here for their own good’ than others.
Well, if reports from the US are to be believed, I was right.
Is it a surprise?
Not really … it’s more a surprise that a financial institution wasn’t suspected of bending the rules for so long.
I particularly like how the media have decided [allegedly] dealing with Iran is worse that systematically destroying the lives of millions of people around the World with false promises and hidden fee mortgage offers.
Of course, it’s not entirely their fault – every shareholder and account holder that demands ever increasing dividends or interest have to shoulder some of the blame, but still, it’s not all bad news for Standard Chartered’s senior execs … after all, in the financial industry, what they’ve done is probably viewed as ‘heroic’ so they can probably expect to receive a massive end of year bonus as an industry thank you.
The World’s gone mad. Or should I say, madder.
29 Comments so far
Leave a comment