As has been the case in the last few days (in light of speculations on RBS bonuses), bashing the bankers has become very popular pastime amongst politicians, the media and the public in the UK.
The furore caused over banker's bonuses is higher in the UK than all other countries (apart from Ireland who do so understandably.)
Why does it not cause as much anger in the US? The effects of the financial crisis and subsequent recession was greater in the US in terms of unemployment and homelessness.
The distinction comes when we look at the top investment banks in the two countries. In the US, Goldman Sachs and Morgan Stanley are not major retail banks. On the other hand, in the UK the top investment banks also have a strong presence on high streets across the country - HSBC, RBS, Barclays.
This presence means the banks have a direct relationship with millions in the UK. The relationship is not often a very good one - a failed loan request or bills on overdrafts.
No wonder the British public lock horns with the self-proclaimed masters of the universe.
The furore caused over banker's bonuses is higher in the UK than all other countries (apart from Ireland who do so understandably.)
Why does it not cause as much anger in the US? The effects of the financial crisis and subsequent recession was greater in the US in terms of unemployment and homelessness.
The distinction comes when we look at the top investment banks in the two countries. In the US, Goldman Sachs and Morgan Stanley are not major retail banks. On the other hand, in the UK the top investment banks also have a strong presence on high streets across the country - HSBC, RBS, Barclays.
This presence means the banks have a direct relationship with millions in the UK. The relationship is not often a very good one - a failed loan request or bills on overdrafts.
No wonder the British public lock horns with the self-proclaimed masters of the universe.
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