From our astrology, zoology and pedagogy correspondent, Mystic Gran
The head of the British Bankers Association today issued a strong rebuke to a speech given on Wednesday by the Archbishop of Westminster, The Most Rev Vincent Nichols, to the London School of Economics, in which he condemned the financial sector for failing to 'wake up' to its moral responsibilities to 'serve society'.
The head of the British Bankers Association today issued a strong rebuke to a speech given on Wednesday by the Archbishop of Westminster, The Most Rev Vincent Nichols, to the London School of Economics, in which he condemned the financial sector for failing to 'wake up' to its moral responsibilities to 'serve society'.
“I applaud the leadership some have given but also lament that the financial sector seems collectively still to have failed to wake up to the moral responsibility they have, as we all do, to serve society,” said the head of the Roman Catholic Church in England and Wales.
The Archbishop continued that, “Until a different culture has taken hold, I cannot see how a real and necessary change can take place. What we saw in the financial crisis was bad business practice compounded by a culture celebrating profit as an end in itself.”
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