Almost a third of financial services professionals in the UK have observed or experienced wrongdoing in the workplace, according to a timely piece of research that will do little for the reputation of the 'culture' at City institutions.

Law firm Labaton Sucharow yesterday published the results of a study called 'Wall Street, Fleet Street and Main Street: Corporate Integrity at a Crossroads', the findings of which were based on a survey of 500 senior financial services professionals working in the UK and US.