Wells Fargo bans staff from investing in peer-to-peer.

I’m a bit late in the day stumbling across this report from last January. But never mind.

I particularly like the fact that according to the FT, the Wells Fargo “ethics administrator” has enforced the ban. The words “ethics” and “bank” in the same sentence? Dear oh dear.

Next the untermensch who run large banks will be telling us that the ban is their way of doing “God’s work”.

(H/t to Susan Holden, Positive Money supporter.)