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The Bank Culture Debate – Ethics, Values, and Financialization in Anglo-America - Oxford Scholarship Online
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The Bank Culture Debate: Ethics, Values, and Financialization in Anglo-America

Huw Macartney


Following the global financial crisis and repeated scandals, US and UK state managers made substantial efforts to reform the culture of their banking sectors. This book argues though that they focused on an extremely narrow definition of bank culture. They did so for two reasons: firstly, because the structural pressures of financialization—which are a far more important driver of the problematic features of bank culture in Anglo-America—are harder to remedy; but secondly, state managers also used their bank culture response to tackle a legitimacy crisis facing their institutions of government ... More

Keywords: bank culture, financialization, Anglo-America, political economy, legitimacy crisis, populism, global financial crisis, banking/finance

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780198843764
Published to Oxford Scholarship Online: October 2019 DOI:10.1093/oso/9780198843764.001.0001


Affiliations are at time of print publication.

Huw Macartney, author
Associate Professor in Political Economy, University of Birmingham