Vast majority of people think top bankers don't deserve their wealth and lessons have not been learned from financial crisis

 
Julian Harris
Follow Julian
Lehman Brothers Files For Bankruptcy Protection
A banker leaves Lehman Brothers in 2008 (Source: Getty)

More than seven in 10 people do not believe banks have learned the lessons of the 2008 financial crisis, according to new polling data seen by City A.M.

The survey reveals damning views still held by the public towards financial services, with a large majority saying top bankers do not deserve the money they earn.

Nearly a third (30 per cent) of respondents to the YouGov poll answered “not at all” when asked “to what extent... do you think big banks have learned the lessons of the 2008... crash?” A further 42 per cent said “not very much”.

While 15 per cent said banks had learned “a fair amount”, just two per cent said they had learned “a lot”.

Read more: Banks are getting a headache from bonus fatigue

Nearly eight in 10 people also say that those responsible for the crash have not been appropriately punished.

Furthermore, almost a third (64 per cent) of respondents believe senior bankers “do not deserve to be wealthy”. Only 17 per cent said they do.

In contrast, a majority believe inventors, top scientists, and entrepreneurs deserve their wealth. Around eight in 10 respondents said "investors of new products and services" deserve to be wealthy, while 85 per cent said "high-skilled scientists and engineers" deserve their money.

The survey was conducted for new online publication Unherd.

Related articles