Greedy bankers: ECB failing us

DISPLAYS of greed by bankers are hardly a surprise to anyone as every taxpayer in Ireland knows to their cost.

But the sheer scale of the avarice exhibited by three of the world’s biggest banks — as shown in a case taken by EU regulators — is almost beyond belief.

While JPMorgan, HSBC, and Credit Agricole have been fined a combined €485m for colluding to manipulate the price of financial products linked to interest rates, that figure is likely to represent a fraction of the profits they earned by their illegal activity.