Headquartered in London, UK, Barclays Plc is a major global financial services provider and the second-biggest bank in Britain. Yesterday, CEO John Varley stood in London’s Trafalgar Square and told the crowd that “profit is not satanic”.
Varley’s speech comes just weeks after Goldman Sachs International advisor Brian Griffiths’ proclamation in St. Paul’s Cathedral: “The injunction of Jesus to love others as ourselves is an endorsement of self-interest”.
As bonus season rapidly approaches and world governments tighten their grip on major financial institutions, bankers are invoking the word of the Lord: “Is Christianity and banking compatible? Yes,” Varley said in an interview after his speech in Trafalgar Square, “And is Christianity and fair reward compatible? Yes.” In 2008, Varley was paid $1.77 million and no bonus.
Varley also said in his speech that banks are “backbone” of the economy.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on the Internet on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine.
