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Bad Banks Greed, Incompetence and the Next Global Crisis by Alex Brummer

Bad Banks Greed, Incompetence and the Next Global Crisis

The Real World   

Sue Baker's view...

In the end it’s the message contained in Bad Banks’ subtitle – Incompetence and the Next Global Crisis, that makes you despair, there’s no drawing a line and looking to a future not mired in corruption and avarice. Insightful and terrifying are words used in the book’s blurb, it’s certainly that and – unlike many of the books that dissect the banking crisis, it’s a very well-explained and a clear and concise guide to the world of finance.

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Who is Sue Baker


Bad Banks Greed, Incompetence and the Next Global Crisis by Alex Brummer

Bad Banks is a gripping account of the problems and scandals that continue to bedevil the world's banking system some seven years after the credit crunch. It follows the fortunes and misfortunes of individual banks, from RBS to Lloyds. It exposes instances of mis-selling, money laundering, interest rate fixing and incompetence. And it considers the bigger picture: how the failings of the world's banking system are threatening to undermine our future economic security. Alex Brummer, the City Editor of the Daily Mail, has had access to all the major players, from HBOS' Andy Hornby, to former Governor of the Bank of England Sir Mervyn King, to the ex-Chief Executive of Barclays, Bob Diamond, to Lloyds' Antonio Horta-Osorio. His book is an insightful - and terrifying - account of institutions once renowned for their probity, but now all too often a byword for incompetence, and worse.


Grimly fascinating... This is a pacey accessible and astute summary of what has gone wrong with the banks, and what the banks have done wrong... It is a sobering narrative in which Brummer's judgements are nuanced and reliable. -- Oliver Kamm The Times Like a surgeon at his operating table, Brummer dissects each British, American and European scandal of the last 10 years. He spares nobody, but his demolition job is made all the more powerful by the sparing language he deploys towards his targets. This is controlled menace at its best. -- John Kampfner Observer [Brummer] is a doyen of British financial journalism and it shows in the maturity of his judgments and breadth of his knowledge... It is all skilfully woven together by a writer who knows when to fly high and when to swoop low. Financial Times Insightful...A solid overview of the credit crunch and the subsequent Great Recession, as well as valuable insights in the lead-up to the financial collapse. Management Today Riveting. British Airways Business Life

About the Author

Alex Brummer is one of the UK's leading financial journalists and commentators. After a long and successful stint at the Guardian he moved to be City Editor of the Daily Mail in 2000. He has won prizes as both a foreign correspondent and economics writer, awards received including Business Journalist of the Year 2006, Newspaper Journalist 2002 and Best City Journalist 2000.

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Book Info

Publication date

15th July 2014


Alex Brummer

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Random House Business Books an imprint of Cornerstone


352 pages


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