This is the big problem with the banking industry, according to one banker

It’s what we’ve all known for a while

“Alpha maleness” is what’s responsible for the financial crash and subsequent rigging scandals, according to one senior banker.

Virgin Money boss Jayne-Anne Gadhia said ruthlessness and a “winning at all costs” mentality “has led to so much loss, so much brokenness in our banking system”.

It’s taken a banker to finally point out what the great British public have known all along, it seems.

“Being able to look at a more balanced way of assessing performance is very, very important,” she said on BBC Radio 4’s Today programme.

“I don’t know that ruthless is right. We want to make everyone better off.

“[Being ruthless] is not illegal but I absolutely believe that good business, which tries to find a win-win for everyone, is going to be the most successful business in the end.”

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Readers' comments (1)


  • There are "alpha males" in every industry, so that's not the differentiator.

    Corporate psychopathy, which is disproportionately prevalent in the banking industry, is a much more likely candidate.

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