Reply to post: Re: The bank has paid $18.3bn in regulatory fines since 2008

Auf wiedersehen, pet: UK Deutsche Bank contractors plan to leave rather than take 25% pay cut for IR35 – report

Richard 12 Silver badge

Re: The bank has paid $18.3bn in regulatory fines since 2008

Bankers make short term profit.

Once the bonus is paid, they don't care whether it's going to half sink the bank in five years time.

There are innumerable examples of this kind of short-termism - PPI, the 2007 financial crash, millions of individual fines for various breaches of money-laundering regulations...

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