Any Other Business - 04/04

Gabriella Griffith

The Bank of England published its records yesterday on the hundreds of clerks who were given “war leave” – many of whom returned to Threadneedle Street after 1918. One of those young men was Kenneth Peppiatt, aged 20 or 21 in 1914, who older readers may recognise from his signature on bank notes: Peppiatt became later the chief cashier at the Bank for 15 years, including during the entire second world war. He was not only awarded a military cross in August 1918, but gained a bar for the medal in October that year. The records show Peppiatt went back to work at the Bank all of eight days after being demobilised early in 1919. Fifteen years later, he was made chief cashier, a job he kept until 1949, before he moved to Coutts.

Can any bankers working today match that service record?

Bankers should refrain from wearing Gucci suits, so says Mark Carney governor of the Bank of England, as the banking industry still has a way to go in repairing its reputation. “I’m not sure bankers need to wear sackcloth,” the banker said yesterday, as part of his first visit to the north-east of England: “But nor should they jump back into wearing Gucci suits.” Carney, who is often pictured wearing colourful and well-fitting suits as well as carrying a so-called manbag, added: “I think there needs to be an improvement in terms of banker conduct.”