Dispatches searched through every Honours List the Government has issued since 1997 and found that a total of 81 honours were handed out to those working in banking in finance.
The key facts:
- - 81 honours given to individuals working in banking and finance
- - 36 of these were awarded to bankers
- - 19 knighthoods, MBEs, CBEs or OBEs awarded by the government for "services to banking"
- - 62 honours were given for services to the finance industry
- - Of those rewarded, 16 worked for banks which later failed
- - 9 honours were awarded to RBS staff
- - Standard Chartered, HSBC, HBOS and Barclays each received 4 honours
- - Lloyds TSB were awarded 3 honours
The Government seemed happy to shower honours on bankers and financiers when the economy was booming. So will they be withdrawing the honours now it's gone bust? The Cabinet Office has told Dispatches that it is currently looking to see whether there's a case for stripping Sir Fred Goodwin of his knighthood.
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