City of London: ''Wave of scandals ''puts reputation of Square Mile at risk''

From The Independent


''Business leaders this weekend expressed major concerns that the wave of banking scandals could permanently damage the status of London as the world's greatest financial centre.


The Barclays Libor fixing, mis-selling of interest rate hedge products, JPMorgan's "London Whale" losses and Royal Bank of Scotland's computer meltdown have sent the City's global reputation to a new low.''

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