Politics 25 March 2013 UK bank profits wiped out: "In terms of their reputations, 2012 was a dire year” Business quote of the day. Sign up for our weekly email * Print HTML "In terms of their reputations, 2012 was a dire year” Bill Michael of KPMG, commenting on a report from the accounting firm which said that three major UK banks saw a 45 per cent rise in core profits last year wiped out by a mix of regulation and their own mistakes. › Dirty secrets Photograph: Getty Images Helen Roxburgh is the online editor of Economia Subscribe from just £1 per issue More Related articles Jeremy Corbyn has found a vulnerable spot on Theresa May and trade Politicians are worried that their pensions are destroying the planet. Is yours? Nap Store: Where did all these new mattress start-ups come from?