Bankers turn to internet adultery

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London’s largely-male banking community has a new way to pass its time, now financial markets have collapsed. According to Lucy Kellaway at the Financial Times, many are prospecting for adulterous affairs on a website called Illicit Encounters.

Lucy says she has “picked up 247 men” since joining – including “a formerly powerful hedge fund manager, scores of newly idle bankers, a few entrepreneurs, various company directors, a well-known musician, some corporate lawyers, a couple of barristers and a rather dishy builder”. One of her girlfriends gained 295 new “boyfriends” after just one week.

Its good business for the website’s owners, who charge men £119/month ($175), whilst women join for free. Common sense would surely tell these men that the odds are against them? But, as we all know to our cost, common sense is exactly what many bankers seem to lack.

It all reminds the blog of the hedge fund manager it reported on last year. His £80k (then $160k) Maserati was about to be crushed because he’d been “too busy” to remember he’d parked it illegally.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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