This amused me: "Bank of England governor says financial institutions are fixated on exploiting customers for short-term profit."

In other news, lions accused of fixating on short-term chasing of antelopes. If there are short-term profits to be made, what exactly does he think is going to happen? I particularly love his pointing to the longer-term niceness of industry, as though the City's going to listen, and be chastened. The last two years should really teach us that the City doesn't do chastened. If industry is thinking longer-term, that would be because they know staff retention and product loyalty are their foundation stones (though only in certain parts of the business, i.e. not necessarily the outsourced parts.)

If he wants to stem short-termism he should be finding ways to make short-term profits less volatile.

Oh, it turns out I had an opinion. Who knew?