CITY minister Lord Myners is so disgusted by arrogance and greed in the financial services sector that he will become a theology student rather than return to the City full-time.<br /><br />The minister, who was brought into Gordon Brown’s government as part of a series of “national service” recruitments from the private sector, said there was a “troubling absence of clear moral purpose” among bankers.<br /><br />In an interview, Myners said he was “increasingly…concerned with the fact that we have compromised our lives” and said he feared that his career in finance, which netted him an estimated £30m, had “neglected” the moral dimension of life.<br /><br />Myners, a Methodist, said he was planning to study comparative theology and refused to rule out becoming a member of the clergy.<br /><br />The City minister was widely blamed for failing to prevent Royal Bank of Scotland from awarding disgraced former chief executive Sir Fred Goodwin a £703,000-a-year pension earlier this year.<br /><br />Earlier this year, Myners warned that “the golden days of huge bonuses in the investment banking arms are gone” and described rewards for failure in the industry as “pretty unpalatable”.<br /><br />But investment banks have defied expectations with huge profits in early 2009 and are set to return to large bonuses once more.