Banking's toxic culture

Bankers pay a small price for their misdeeds, no matter how large the cost to their banks or to the economy at large

Punjab National Bank, Axis Bank, ICICI Bank — India’s troubled banking sector has had more than its fair share of high-profile mishaps in recent months. Let nobody think that it is unique in being plagued by mismanagement or poor governance. In banking, scams have become the name of the game worldwide — and the villains are overwhelmingly private banks. 

In distant Australia, the chairman and CEO of AMP, a finance company, have resigned following damaging revelations about practices at the bank. Half the board is getting emptied. AMP has been accused of charging customers to whom it provided no services, misleading