
When Bankers Were Good
Ian Hislop, editor of Private Eye, argues that Victorian banking once ran on a different code, one where getting rich came with an obligation to give much of it away. He traces the idea through George Peabody, an American-born financier who built a fortune in London and then poured it into housing for the poor, and Samuel Gurney, a Quaker banker whose religious convictions shaped how he did business and who he lent to. Archival images and reenactments fill in a London of counting houses, slums, and philanthropic institutions built with banking money, while Hislop's narration draws the throughline from Quaker ethics to a broader Victorian culture of civic-minded wealth. The film contrasts this with modern finance, though it stays mostly in the nineteenth century, letting Peabody's model housing schemes and Gurney's Quaker network stand as evidence that self-interest and social conscience once coexisted at the top of British banking. It closes by asking what happened to that expectation.