socialmedian: Bankers and morality: churches turn on the modern moneylenders

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Bankers and morality: churches turn on the modern moneylenders

Source: The Guardian

Oct 24, 2009

Summary

The return of bank bonuses has angered bishops and spread to the venerable churches of the Square Mile itself

The idea of high-octane, bonus-driven City bankers shooting the breeze about moral values has always been about as likely as turkeys sitting down for a wattle-wag about how much they are all looking forward to the festive season.

But in recent weeks, despite the return of the vast annual payouts that were widely blamed for sparking the financial crisis, several leading City figures have pointed to bankers' lack of a moral dimension as the key issue in the crisis – one that has yet to be addressed.

At the same time, City churches are pulling in audiences from the financial institutions that surround them for an increasing number of lunchtime and evening discussions on faith, money and the meaning of jobs that Financial Services Authority chairman Lord Turner dismisses as "socially useless".

The Right Rev Nick Baines, bishop of Croydon, says the debate about the value – and values – of the City is set to intensify now the banks are once again raking in vast

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