The excessive pay among bank executives isn't something that Jakob Beck Thomsen, 31, considers a perfectly legitimate topic to talk about. "I never comment on our competitors," the CEO of Saxo Bank says.
But the young boss, who has been in the banking industry for about ten years, does agree that the fundamental issue bankers must rightfully acknowledge is their role in the financial crisis. "I think that is obvious to everyone."
"The financial industry obviously played a role in the crisis. It's the main reason, I think, that trust has broken down, in some cases justified, in others not, but still — it has broken down. Mistrust will remain at elevated levels for a long time," he adds.
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