UK bankers prone to be unethical, says report

London

BANKERS are more likely to behave unethically when under pressure to reach tough performance targets, according to a survey of British financial services employees.

Managers in banking, insurance and wealth management were more anxious and inclined to misbehave when "negative consequences or punishment for poor performance were highlighted", PricewaterhouseCoopers and the London Business School said in a report on Monday.