Brussels is wrong to cap bankers' bonuses, just as it was wrong to propose a financial transactions tax a few months ago. Its thinking, however, is along the right lines; having failed to manage their businesses responsibly, bankers need to be kept on a tight leash.

Under the current...

The blame for Britain's biggest ever banking fraud has been pinned squarely on the shoulders of a one man. Meanwhile UBS, the Swiss bank that uncovered trading losses of US$2.3bn and veered close to bankruptcy as a result, has been painted the victim. But whilst Kweku Adoboli, the...

Appointing a trader to run Barclays, one of Britain's finest retail banking names, was a big mistake. Almost as big a mistake as appointing Andy Hornby, an ex-supermarket boss, to run HBOS. Neither had the right skills for the role of chief custodian for our deposits: one was too willing...