Archbishop Sentamu hits out at City ‘bank robbers’

by Jennifer Gold
Posted: Thursday, September 25, 2008

City traders who made millions of pounds in profit by cashing in on the falling share prices of leading banks are “bank robbers” and “asset strippers”, the Archbishop of York has said.

In an address to the Worshipful Company of International Bankers’ annual dinner on Wednesday, Dr John Sentamu said that the financial world appeared to be governed by “Alice in Wonderland” rules.

“The share value of a bank is no longer dependent on the strength of its performance, but rather on the willingness of the Government to bail it out,” he said. the rest