Jim Armitage: Bankers' bad behaviour hits bottom lines and reputation

The sins of the past for London’s banks are echoing loudly in a double dose of news on bankers behaving badly.

Goldman Sachs faces High Court allegations it used “girls”, lavish parties and a highly prized internships to coerce naïve officials in Libya into giving it investment mandates.

Meanwhile, at Standard Chartered, it has emerged that boss Bill Winters has hired a former FBI high-up to root out corruption by its employees.

Winters says he’s “deeply disappointed and angry” at the misconduct uncovered so far — improper lending to colleagues, conflicts of interest, expenses padding.

What’s the betting that a fair chunk of StanChart’s suicidal lending to mining and oil and gas companies now crippling the business was influenced by this kind of stuff?