Great article!

But Citi's third argument is that "banks benefit from a relatively strong track record of safekeeping assets, and therefore have earned a certain amount of trust and credibility." Given that banks are still fessing up to billion-pound fines almost weekly, the words "trust" and "credibility" are probably not the first you'd associate with large banks these days.

That was my first thought when I read that statement, they treat these fines as just part of the cost of doing business, instead of following the rules.