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Written by a man with inside knowledge of all the major players, this is the story of how the economic crisis continues to haunt us, and why the unchecked recklessness of some banks is still a threat to our financial future.

Bad Banks is a gripping account of the problems and scandals that continue to bedevil the world's banking system some eight 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's Andy Hornby, to former Governor of the Bank of England Sir Mervyn King, to the ex-Chief Executive of Barclays, Bob Diamond, to Lloyds' António Horta-Osório. 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.

Reviews

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

Through and expansive.

Management Today

An informed, riveting and ultimately disconcerting read.

Business Life

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Formats & editions

  • Paperback

    9781847941145

    March 15, 2015

    Random House Business

    368 pages

    RRP $19.99

    Online retailers

    • Amazon
    • Angus & Robertson Bookworld
    • Booktopia
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    • Abbey's Bookshop
    • Boomerang Books
    • Collins Booksellers
    • Books Kinokuniya
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    • Readings
    • Robinsons Bookshop
    • The Nile
    Or

    Find your local bookstore at booksellers.org.au

  • EBook

    9781448183319

    April 24, 2014

    Cornerstone Digital

    368 pages

    Online retailers

    • Amazon Kindle AU
    • iBooks
    • Google Play EBook AU
    • Kobo Ebook
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    • eBooks

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