As top firms ban banter, bankers say the fun is gone

Businessman on phone

Bankers have been banned from using their phones at work, swearing in emails and talking to their rivals as part of a wide-ranging crackdown on their behaviour in the wake of recent scandals sweeping the industry, it has emerged.

The Daily Mail reports that London-based institutions - desperate to clean up their act after being fined millions for Libor fraud and currency rigging - have imposed tough new rules on employees' behaviour in the office.

Investment banks have had their reputations damaged by evidence that traders were conniving to make profits by rigging key benchmarks - often losing their clients money in the process.

But measures intended to rescue the industry's image could backfire by driving skilled workers away from banking - with many veterans lamenting that they no longer enjoy their jobs.

'A common complaint you hear is that this job used to be fun,' one trader told MailOnline. 'Everyone's paranoid, no one really knows what the rules are.

'There are junior people who think, this isn’t the job I thought it was, I’m going to do something else'.

To access the complete Daily Mail article hit the link below:

Panicking banks ban mobile phones, swearing and even emojis in bid to avoid repeat of Libor humiliation - but new rules could drive traders away because they 'stop the job being fun'

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