Bad bankers
‘should be
struck off’

Bankers who fail to come up to scratch should be “struck off” in a similar way to poorly-performing doctors, says a consumer group.
By The Newsroom
Published 19th Sep 2012, 07:00 BST

The call from Which? to force bankers to meet more rigorous standards came as it found that only one in 10 people believes that bankers are well-regulated.

Two-thirds of people (67 per cent) think that bankers are unlikely to lose their job if they lie or cheat and only one in 10 trusts bankers to act in the best interests of the customer, a survey of more than 2,000 British people found.

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Only politicians and journalists ranked lower and and even ranked behind estate agents, builders and lawyers.

Which? has launched a campaign called Big Change, which is calling for bankers to be forced to comply with a code of conduct similar to that used by the medical profession.

It said that in the worst cases, bankers should face the same sanctions as doctors who can be struck off the medical register