As global wealth grows so does the level of rapacious greed and nowhere is this more evident than among the global banks which took on a new dimension following their role in the American sub-prime housing mortgages scandal that burst in 2008.
Pressed to rebuild their weakened balance sheets, they egregiously embarked on criminal devices helped by complicit lawyers, accountants, land valuers and insolvency practitioners to steal an estimated £100 billion from their own customers with viable, profitable businesses.
Labelled the biggest bank robbery in history, the ruses used were vehicles euphemistically described as global restructuring group, specialist manning devices and restructuring business experts brought in by the banks who, once in control of companies after suddenly calling in their loans would sell them off at a fraction of their worth to American vulture funds. Just one senior UK bank manager was found guilty of defrauding the bank's customers of £1 billion.
In this monstrous culture of "sometimes you let customers hang themselves because missed opportunities mean missed bonuses" it is hardly surprising that the banks left a swathe of SME owners suffering from marriage breakdowns, homelessness and suicides.
The lesson is choose the smaller banks if feasible and always check the small print, even if it needs bringing in independent contract assessors.
London's towers to mammon the new reptilian dinosaurs?
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