There used to be building societies in the UK which we could assume were reasonably honest and acting in the public interest but they have all been taken over by banks, like the Alliance and Leicester which has vanished. Now the smaller banks will be gobbled up by the big banksters who think they can get away with anything including theft of ‘protected’ depositors balances. The answer is legislation for the confiscation of salary and bonuses, otherwise clawback, for the last five years of everyone involved, fines in the billions, and good behaviour bonds, until order is restored, or before someone is strung up- literally.
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