Dobell blasts the banks but urges investors not to ignore UK

M&G's Tom Dobell has blasted the UK banking industry, saying HSBC has "more integrity and corporate culture" than the rest of the sector combined.

Dobell, who runs the £5.85bn M&G Recovery fund, hit out at the banks in an interview in the Telegraph, saying the sector delivered a massive blow to the nation. "I am astounded at the way banks have abused their taxpayer guarantee. They have behaved atrociously and have done a huge amount of damage to our country," Dobell says. "Some of these people have behaved disgracefully. It is amazing what you find out about in fund management. You get to see the best and worst of human nature; sometimes on the same day. "HSBC is the only bank I would cross the road for. It is conservatively ...